AB „SNAIGĖ“ - NASDAQ OMX Baltic

Consolidated annual report for year 2008
Value date April 5, 2008.
Date of redemption April 6, 2009
Date of conversion Bonds can be converted into ordinary shares of the Company at the day of redemption. The
bondholders must express the wish to convert the bonds into shares to the Coordinator or the
Company no later than 5 working days to the redemption date.
Procedure of the
conversion
Additional obligation
to the holders of the
notes
At the day of Bond conversion the bondholders have a right to demand to convert their Bonds
into ordinary shares of the Company. Every convertible bond is converted into 18 ordinary
shares.
If the bondholders decide to convert their Bonds into ordinary shares of the Company, they
lose the right to receive the nominal value of the bond together with the interest rate
accumulated over the period on the redemption day.
The bondholders must inform the Company or the Coordinator in a written form or by
telephone to convert the bonds no later than 5 working days until redemption.
After the redemption of the Bonds, if there will be any requests to convert the Bonds, the
shareholders of the Company in a extraordinary shareholder meeting will change the articles
of association of the Company and will confirm the new articles to represent increased share
capital and number of shares.
If all bondholders will express their wish to convert the Bonds, the number of shares of the
Company will increase by 3 600 000 ordinary shares. The total number of shares outstanding
will amount to 27 427 365 ordinary shares.
The Company does not take any additional obligations to guarantee the duty to redeem the
Issue.
2.1.3.2 scope of conversion, trade or right realisation of the loan or secondary securities with regard
to the prospective increase of the authorized capital by converting, trading or providing the
right to sign the Company’s shares, as well as the preliminary date (dates) of such increase;
One issued convertible bond on the redemption day, 6 April 2009, can be converted into 18 ordinary shares of
the Company. In case all the bondholders decide to convert owned bonds, 3 600 000 additional ordinary
shares with nominal value of 1 LTL will be issued.
After the redemption of the Bonds, if there will be any requests to convert the Bonds, the shareholders of the
Company in a extraordinary shareholder meeting will change the articles of association of the Company and
will confirm the new articles to represent increased share capital and number of shares.
2.1.3.3 the prospective changes in the structure of the authorized capital (according to the type and
class of the shares) due to conversion, trade or right realisation of the loan or secondary
securities to be converted, traded for shares or providing the right to sign the Company’s
shares;
In case all the bondholders decide to convert the bonds, the authorized capital would be increased by
additional 3 600 000 ordinary shares of AB „Snaigė“. The size of increased capital then would be equal to 27
027 365 LTL. The structure of the authorized capital would not be affected by the conversion.
2.1.3.4 procedure and terms of signing or trading of the issued shares due to increase of the
authorized capital by trading the loan or secondary securities or by right realisation; the
categories of the owners of the loan or secondary securities to be provided with the
preferential right to sign the shares (provided that the preferential right with regard to the
Prepared by UAB FMĮ „Orion Securities“ p. 8