{"id":1302,"date":"2020-06-23T03:31:27","date_gmt":"2020-06-23T05:31:27","guid":{"rendered":"https:\/\/linas.lt\/en\/?p=1302"},"modified":"2020-06-23T03:31:27","modified_gmt":"2020-06-23T05:31:27","slug":"regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas","status":"publish","type":"invest-naujienos","link":"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/","title":{"rendered":"Regarding resume of acquisition (purchasing) of own shares of AB \u201cLinas\u201d"},"content":{"rendered":"

Considering to the resolution of the repeat ordinary meeting of the public company LINAS shareholders (hereinafter \u2013 the Company) held on 16 May 2019 (hereinafter \u2013 the Resolution of the Meeting) on which basis the Company\u2019s acquisition own shares was approved and the Company\u2019s Board was instructed to adopt decisions on acquisition of the Company\u2019s own shares, to organise acquisition and sale of own shares, to establish the procedure, time of acquisition and sale of shares, number and price of shares, as well as to perform other actions associated with acquisition and sale of own shares in accordance with the conditions laid down in the Resolution of the Meeting and requirements of the Republic of Lithuania Law on Companies, the Company\u2019s Board adopted a decision to resume repeat acquisition of the Company\u2019s shares on 24 February 2020 under the following conditions:<\/p>\n

    \n
  1. To acquire up to 10% (no more than 1 852 028 psc.) of own ordinary registered company shares with a par value of EUR 0.29 each;<\/li>\n
  2. The share acquisition price is EUR 0.10 per share;<\/li>\n
  3. It was intended to acquire the Company\u2019s securities in the stock exchange NASDAQ Vilnius, AB by official offering from 25 June 2020 till 9 July 2020 (inclusive). Orders to sell shares shall be compiled during the whole time of share acquisition. If the supply of shares exceeds the number of shares to be acquired, the number of shares to be sold shall be reduced for all sellers of shares proportionally.<\/li>\n<\/ol>\n

    The Board of the Company, by adopting the decision to resume acquisition of the Company\u2019s own shares, sought to determine the share market price and to provide the shareholders with the most advantageous conditions for sale of shares.<\/p>\n

    The share market price on the date of the Board meeting, calculated according to Article 34(1) of the Law on Securities (the average market price during 6 months when stocks are traded on regulated markets), is EUR 0.0947.\u00a0 The Board, by seeking to activate the securities market, decided to acquire shares for EUR 0.10 each.<\/p>\n

    AB \u201cLinas\u201d chief of finance
    \nEgidijus Mikeli\u016bnas
    \n+370 45 506100<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1302","invest-naujienos","type-invest-naujienos","status-publish","hentry"],"acf":[],"yoast_head":"\nRegarding resume of acquisition (purchasing) of own shares of AB \u201cLinas\u201d - linas.lt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regarding resume of acquisition (purchasing) of own shares of AB \u201cLinas\u201d - linas.lt\" \/>\n<meta property=\"og:description\" content=\"Considering to the resolution of the repeat ordinary meeting of the public company LINAS shareholders (hereinafter \u2013 the Company) held on 16 May 2019 (hereinafter \u2013 the Resolution of the Meeting) on which basis the Company\u2019s acquisition own shares was approved and the Company\u2019s Board was instructed to adopt decisions on acquisition of the Company\u2019s […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/\" \/>\n<meta property=\"og:site_name\" content=\"linas.lt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/\",\"url\":\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/\",\"name\":\"Regarding resume of acquisition (purchasing) of own shares of AB \u201cLinas\u201d - linas.lt\",\"isPartOf\":{\"@id\":\"https:\/\/linas.lt\/en\/#website\"},\"datePublished\":\"2020-06-23T05:31:27+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-resume-of-acquisition-purchasing-of-own-shares-of-ab-linas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/linas.lt\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investuotoj\u0173 naujienos\",\"item\":\"https:\/\/linas.lt\/en\/invest-naujienos\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Regarding resume of acquisition (purchasing) of own shares of AB \u201cLinas\u201d\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/linas.lt\/en\/#website\",\"url\":\"https:\/\/linas.lt\/en\/\",\"name\":\"linas.lt\",\"description\":\"Viena did\u017eiausi\u0173 lin\u0173 tekstil\u0117s gamintoj\u0173 Lietuvoje ir Baltijos valstyb\u0117se. 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