UAB Ignitis Grupe entered made an offer to acquire remaining 3.18% stake in AB Ignitis gamyba (NSEL:LNR1L) from minority shareholders for €13.2 million on March 30, 2020. Under the terms, €0.0640 per share will be paid as a part of the consideration. As a part of the acquisition, there will be no change in the business and structure of the company.

The Board of the Company notes that it makes no recommendations to the minority shareholders as to acceptance or rejection the Official tender offer. The transaction was approved by Bank of Lithuania on March 30, 2020. The offer period will commence on April 3, 2020.

The transaction is expected to be settled on April 22, 2020. The company may evaluate the need to extend the terms of the tender offer if required.