Energijos Skirstymo Operatorius AB (hereinafter - the Company), identification
code 304151376, registered office placed at Aguonu str. 24, Vilnius, Republic
of Lithuania. The total number of registered ordinary shares issued by company
is 894 630 333; ISIN code LT0000130023.
On 21st March 2018 the Company received a letter from "Lietuvos Energija", UAB,
which holds 94.98 percent of Company's shares, about forthcoming changes.
The letter states that the Project Management Committee of "Lietuvos energija"
decided to separate the public electricity supply activities carried out by the
subsidiary AB "Energijos skirstymo operatorius" (ESO) from the electricity
distribution business and for a fee (through the sale of the business part)
transfer it to another company of the "Lietuvos energija" group - UAB "Lietuvos
duju tiekimas".
The decision on the transfer of public supply activities to the company
"Lietuvos duju tiekimas" is based on an analysis of the activities and
experience of the companies of the "Lietuvos energija" group and the rational
aim of using the customer service experience and infrastructure accumulated by
"Lietuvos duju tiekimas", saving costs and ensuring stable electricity prices
for customers.
Electricity supply is not a part of the infrastructure segment, therefore
separation of activities will contribute to a more coherent implementation of
the European Union's policy in the energy sector.
Customers about the changes in the organisation of public electricity supply
activities will be informed in advance.
The company notes that no specific management decisions are taken. The Company
will publicly publish all follow-up actions and decisions taken in accordance
with the procedure established by legal acts.
Representative for Public Relations Akvile Adomaityte,
akvile.adomaityte@eso.lt, tel. +370 684 12130.© 2018 GlobeNewswire
