Lifosa AB
Ruling of Panevezys District Court came into force
Lifosa AB 21.11.2011 15:32 --------------------------------------------------------------------------- On November 16, 2011, the Ruling of Panevezys District Court, dtd. 05-11-2011 came into force in the civil case under the claim of the plaintiffs A. S., L. D., V. N on mandatory share buy-up price against the respondents Joint-stock company 'Mineral and Chemical Company 'EuroChem', EuroChem A.M.Limited and the third persons. By this Ruling Panevezys District Court approved a Peace Treaty signed by the parties and declared the civil case nonsuit. By this Peace Treaty the parties have agreed the price of 53,85 LTL (fifty-three litas and eighty five cents) payable for each AB 'Lifosa' share, bought up during the process of mandatory buy-up of shares. The respondents undertook to transfer additional AB 'Lifosa' share price portion (i.e. 6,85 LTL/each share (six litas and eighty five cents) for each share, bought up during the process of mandatory buy-up of AB 'Lifosa' shares) to the bank account opened at AB SEB Bank in 15 (fifteen) workdays from the above mentioned Ruling of Panevezys District Court validation date. Upon the money transfer made by the respondents, AB SEB Bank, under the terms and conditions of the agreement with the respondents, will pay the respective amounts to AB 'Lifosa' shareholders, the company's shares are bought up from. For more information - Zigmas Ezerskis, Chief Financial Controller, tel.: + 370 347 66262. News Source: NASDAQ OMX 21.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Lifosa AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000116691 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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