{"id":1310,"date":"2020-07-13T10:08:28","date_gmt":"2020-07-13T12:08:28","guid":{"rendered":"https:\/\/linas.lt\/en\/?p=1310"},"modified":"2020-07-13T10:08:28","modified_gmt":"2020-07-13T12:08:28","slug":"1310-2","status":"publish","type":"invest-naujienos","link":"https:\/\/linas.lt\/en\/invest-naujienos\/1310-2\/","title":{"rendered":"Regarding 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 initiate repeat acquisition of the Company\u2019s shares on 10 July 2020 under the following conditions:<\/p>\n

    \n
  1. To acquire up to 10% (no more than 2.403.898 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. During the first stage it was intended to acquire the Company\u2019s securities in the stock exchange NASDAQ Vilnius, AB by official offering from 16 July 2020 till 30 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. If the supply of shares does not exceed the number of the shares acquisition, the second stage of acquisition of the Company\u2019s shares will take place.<\/li>\n
  4. During the second stage the Company\u2019s shares will be acquiring on a commission basis in all divisions of the Company\u2019s agent \u2013 AB \u0160iauliai Bank, from 3 August 2020 till 28 August 2020 (inclusive). If the number of the acquired shares achieves 1\/10 of the total number of shares, share acquisition will be discontinued.<\/li>\n<\/ol>\n

    The Board of the Company, by adopting the decision to initiate 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 0.0984.\u00a0 The Board, by seeking to activate the securities market, decided to acquire shares for EUR 0.10 each.<\/p>\n

    The shareholders holding or desiring to have securities accounts have a possibility to sell shares through NASDAQ Vilnius, AB Stock Exchange. Shareholders who do not have and do not desire to have securities accounts have a possibility to sell shares on appearance to any branch of \u0160iauliai Bank. This is especially relevant for the shareholders holding a small number of shares, since by selling shares on a commission basis, the shareholders do not need to open a securities account, pay the transaction fee, and other fees associated with securities.<\/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-1310","invest-naujienos","type-invest-naujienos","status-publish","hentry"],"acf":[],"yoast_head":"\nRegarding 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\/1310-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regarding 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\/1310-2\/\" \/>\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=\"3 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\/1310-2\/\",\"url\":\"https:\/\/linas.lt\/en\/invest-naujienos\/1310-2\/\",\"name\":\"Regarding acquisition (purchasing) of own shares of AB \u201cLinas\u201d - linas.lt\",\"isPartOf\":{\"@id\":\"https:\/\/linas.lt\/en\/#website\"},\"datePublished\":\"2020-07-13T12:08:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/1310-2\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/linas.lt\/en\/invest-naujienos\/1310-2\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/linas.lt\/en\/invest-naujienos\/1310-2\/#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 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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