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INVESTMENT NEWS - 25. September 2020 14:05

Initial public offering of AB „Ignitis Grupė“ shares is taking place

Starting from September 21 until October 1, 2020 Nasdaq Vilnius is running AB “Ignitis Grupė” share auction as a part of its initial public offering in Lithuania, Latvia and Estonia to retail investors after which the listing of shares on Nasdaq Vilnius Stock Exchange will follow.

AB “Ignitis Grupė” is a leading utility and renewable energy company in the Baltic region. Its core business is focused on operating electricity and gas distribution networks, and managing and developing its green generation portfolio. The Group also manages strategically important flexible generation assets and provides customers and solutions services, including the supply of electricity and gas, solar, e-mobility, improved energy efficiency, and innovative energy solutions for households and businesses.

Retail investors shall place their subscription orders at a maximum price of EUR 28.00 per one share of AB “Ignitis Grupė”. The final price per share will be announced on or about October 02, 2020 and will not be higher than EUR 28 for retail investors. The offered amount of shares is 20 901 503.

Clients of SEB bank have an opportunity to subscribe in internet bank (“Investments” → “Shares and ETFs”) by placing an order with AB “Ignitis grupė” shares (ISIN: LT0000115768):

  • Orders are accepted from 21 September until 1 October 11.00 am;
  • The allocation of shares will be completed by 04.00 pm on October 5, 2020;
  • The concluded transactions will be provisionally settled on October 6, 2020;
  • The listing on Nasdaq Vilnius Stock Exchange will take place on October 7, 2020.

Additional information on company, IPO process and related risks can be found on Ignitis grupė’s website.

 

Important information
The above information on a corporate event is informative and summary in nature. This information is not to be interpreted as AS SEB Pank’s offer of securities, nor as investment consultation or advice or obligation to buy or sell securities or to perform any other transactions, directed at you. Before making any decisions based on this information, carefully read all materials concerning the offer and consider the possible risks connected with participating in the offer. We also advise you to thoroughly analyse any possible financial, legal, regulatory, accounting and tax related issues. AS SEB Pank is not liable for any consequences that may result from an order given by you based only on the above information, including in the event that your participation in a corporate event is against the rules of the offer or is contingent on meeting certain prerequisites on your behalf, or in the event you forward the above information to third persons whose participation in the corporate event is against the rules of the offer or contingent on meeting certain prerequisites.

 

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