Current reports

Please be informed that Alpiq AG informed Vilnius Regional Court that Alpiq AG waives its claim filed in civil case No. eB2-2568-864/2022.

Based on this on 22 July 2022 Vilnius Regional Court made the ruling to accept the waiver of claim, to discontinue the case regarding the decisions of the meeting of creditors of bankrupt AB INTER RAO Lietuva, taken on the 30th of June, 2022 and to cancel the stay of the extra-judicial bankruptcy proceedings of bankrupt AB INTER RAO Lietuva.

Therefore, the term to lodge the claims is reopened.

The extra-judicial bankruptcy proceedings were stayed from 12 July 2022 to 22 July 2022 (10 calendar days). The term to lodge the claims is prolonged for this period of 10 calendar days.

Based on the above, we suggest that creditors, who have not filed their claims yet, lodge their claims to the bankrupt AB “INTER RAO Lietuva” no later than 11 August 2022 and transfer them to UAB “Įmonių bankroto administravimo ir teisinių paslaugų biuras“, the insolvency administrator of the bankrupt AB “INTER RAO Lietuva”, either at its address Jonavos st. 16A, LT-44269 Kaunas or by e-mail: biuras@adminbiuras.lt, with the supporting documentation, indicating how the fulfilment of these requirements has been secured. (PDF)

Please be informed that Vilnius Regional Court has accepted the complaint of Alpig AG, by which Alpig AG requests to annul the decisions of the meeting of creditors of AB INTER RAO Lietuva, taken on the 30th of June, 2022.

Creditors of AB INTER RAO Lietuva have the right to submit to the Vilnius Regional Court a response to Alpig AG’s complaint (civil case No. eB2-2568-864/2022) until the 1st of August, 2022.

If you would like to receive a copy of Alpig AG’s complaint, please notify us by e-mail biuras@adminbiuras.lt.

The Vilnius Regional Court decided to stay the extra-judicial bankruptcy proceedings of AB INTER RAO Lietuva until the entry into effect of the judgement in this case. Considering this decision, the time limit for making creditor claims is suspended. We will inform you about the renewal of this time limit by separate notice.

We also inform you that on the 2nd of August, 2022, 9:00 a.m., Vilnius Regional Court (at Gedimino pr. 40, Vilnius) in a written procedure will examine the complaint of the applicant Alpig AG regarding the annulment of the decisions of the meeting of creditors of AB INTER RAO Lietuva (legal entity code 126119913) taken on the 30th of June, 2022. When the case is examined in a written procedure, the persons participating in the case are not invited to the court session and do not participate in it. Composition of the court: Judge Ramunė Mikonienė. Information is provided by phone 8 706 668 369 (Document Reception and Information Office). (PDF)

INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs that on 30 June 2022 the National Energy Regulatory Council in Lithuania (hereinafter – NERC) adopted the decisions to annul validity of the following permissions issued to the Company (i) the 31 January 2013 permission No. LI-0030 to import electricity, (ii) the 31 January 2013 permission No. LE-0020 to export electricity and (iii) the 17 January 2003 permission No. L1-NET-14 to conduct the activity of the independent  supplier of electricity.

The Company assumes that reasons of these decisions are the same as outlined in the Company’s current report No 18/2022 dated 27 May  2022. (PDF)

This is to inform you that the meeting of creditors of 30 June 2022 resolved to conduct an extrajudicial bankruptcy procedure of AB “INTER RAO Lietuva”, company code 126119913, legal address Antano Tumėno st. 4, Vilnius, and to appoint UAB “Įmonių bankroto administravimo ir teisinių paslaugų biuras“ as the administrator of this company (List of Persons Providing Insolvency Administration Services No N-JA0027, entered into the List on 21 October 2001, address – Jonavos st. 16A, LT44269 Kaunas, phone number +370-37-30 89 45, e-mail: biuras@adminbiuras.lt). The person authorized by the insolvency administrator is Aurimas Valaitis.

AB “INTER RAO Lietuva” acquired the legal status of a bankrupt company on 30 June 2022.

This is to inform you that according to Article 28 and Article 61 of the Law on Insolvency of Legal Entities, from 30 June 2022:

1. It is prohibited to fulfil the financial obligations of the legal entity that have not been fulfilled by 30 June 2022, including the payment of taxes, interest and penalties; collect debts from the legal entity; set off claims; calculate penalties and interest for the obligations of the legal entity that arose before 30 June 2022; establish compulsory mortgages, servitudes, usufruct; pledge property, provide a guarantee, suretyship or other security of the fulfilment of the obligations of other persons.
2. It is considered that the deadlines for the fulfilment of all obligations of the legal entity have expired.

Pursuant to Paragraph 1 of Article 41 of the Law on Insolvency of Legal Entities, all creditors of the company have the right to lodge their claims to the bankrupt AB “INTER RAO Lietuva” until 1 August 2022.

Based on the above, we suggest that you lodge your claims to the bankrupt AB “INTER RAO Lietuva” no later than 1 August 2022 and transfer them to UAB “Įmonių bankroto administravimo ir teisinių paslaugų biuras“, the insolvency administrator of the bankrupt AB “INTER RAO Lietuva”, either at its address Jonavos st. 16A, LT-44269 Kaunas or by e-mail: biuras@adminbiuras.lt, with the supporting documentation, indicating how the fulfilment of these requirements has been secured.

Pursuant to Article Paragraph 6 of Article 41 of the Law on Insolvency of Legal Entities, where a creditor fails to lodge his claim within a fixed time limit, his right of claim shall lapse.

Please send your e-mail address to the insolvency administrator of the bankrupt AB “INTER RAO Lietuva” at biuras@adminbiuras.lt. Please note that all information about the insolvency process of AB “INTER RAO Lietuva” will be provided to creditors only by e-mail.

Please note that you can check the credentials of the insolvency administrator of the bankrupt AB “INTER RAO Lietuva” on the website of the Authority of Audit, Accounting, Asset Valuation and Insolvency Management under the Ministry of Finance of the Republic of Lithuania at www.avnt.lt. (PDF)

AB INTER RAO Lietuva (hereinafter referred to as the Company) announces that Victor Kolotievskiy resigned from his position of a member of the Company‘s Supervisory Council from 16 June 2022. He also held the position of Chairman of Company‘s Supervisory Council. (PDF)

While INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) disagrees with the decision of the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania that the Company is associated with persons who are subject to the international sanctions, and therefore assets and shares of the Company are frozen (details referred in the Company’s announcement dated 27 May 2022), such decision in fact limits the Company’s ability to timely perform monetary obligations to its creditors.

Therefore, the chief executive officer of the Company had to fulfil his statutory duty and on 7 June 2022 informed the creditors of the Company about initiation of the insolvency process under the Law of Insolvency of Legal Persons of the Republic of Lithuania. When further decisions in this process will be adopted, they will be announced in accordance with the applicable legal acts. (PDF)

INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs that on 27 May 2022 the Company received the response from The Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania (hereinafter – FCIS) regarding the information announced by the FCIS (hereinafter the FCIS Information) that the Company is associated with persons who are subject to the international sanctions, and therefore assets and shares of the Company are allegedly freeze. On the response by the FCIS is stated, that the shareholders of the indirect shareholder of the Company, INTER RAO UES, are the companies, indirectly owned by the Russian Federation, which is the presidential federal republic and to the president of the Russian Federation Vladimir Putin are applied the international sanctions, adopted on 25 February 2022 by Council Decision (CESP) 2022/331 amending Council Decision 2014/145/CFSP concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

With reference to FCIS Information, on 27 May 2022 the National Energy Regulatory Council in Lithuania (hereinafter – NERC) adopted the decisions until 26 June 2022 to suspend the following permissions issued to the Company (i) the 31 January 2013 permission No. LI-0030 to import electricity and (ii) the 7 March 2003 permission No. L1-NET-14 to conduct the activity of the independent  supplier of electricity.

On 26 May 2022 the NASDAQ CSD Branch in Lithuania, most probably because of FCIS Information, rejected the Company’s instruction to pay the dividends, announced at the Annual General Meeting of the shareholders on 29 April 2022.

The Company strongly disagrees with the interpretation made by the FCIS that the Company is  allegedly controlled by the president of the Russian Federation, and will seek to  annul FCIS Information and the decisions made on the basis of such information. (PDF)

AB INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company) hereby informs, that on 20 May 2022 the Company received the notice from Nord Pool AS on immediate suspension from further trading on Nord Pools markets. Nord Pool argues its decision by the risk of settlement with RAO group companies. (PDF)

AB INTER RAO Lietuva hereby announces the unaudited results for the 1st quarter of the year 2022 of AB INTER RAO Lietuva. (PDF)

Enclosures:

• AB INTER RAO Lietuva unaudited results for the 1st quarter of 2022. (PDF)

AB INTER RAO Lietuva hereby informs that unaudited results for the 1st quarter of the year 2022 will be published on 13 May 2022. (PDF)

On 29 April 2022, the Annual General Meeting of Shareholders of AB “INTER RAO Lietuva” (code 126119913, registered address: Antano Tumėno str. 4, Vilnius, the Republic of Lithuania) decided to allocate AB “INTER RAO Lietuva” profit for the year 2021 and to pay out EUR 0,37 dividend per share.

Dividends shall be paid to the shareholders who at the end of the tenth business day following the day of the Annual General Meeting of Shareholders that adopted a decision on dividend payment, i.e., on 13 May 2022 will be shareholders of AB “INTER RAO Lietuva”.

Dividend will be paid out on 27 May 2022. (PDF)

ENCLOSURES:

1. Claim of Resident for Reduction of Deducted Tax, form FR0021 (DAS – 2). (PDF)
2. Regulations on the completion of forms. (PDF)

Notice on the decisions adopted by the Annual General Meeting of Shareholders. (PDF)

Annexes:

AB INTER RAO Lietuva Consolidated and Parent Company’s Financial Statements, Consolidated Annual Report for the year ended 31 December 2021; (ZIP)

The Independent Auditor’s Report; (PDF)

Distribution of profit (loss) of the Company for the year 2021; (PDF)

Distribution of votes of the shareholders holding over 5% of votes at the Annual General Meeting of Shareholders of the Company. (PDF)

On 7 April 2022 AB INTER RAO Lietuva informed that the Annual General Meeting of Shareholders of AB INTER RAO Lietuva is convened by initiative of the board and following the decision of the board adopted on 30 March 2022 (hereinafter referred to as the Meeting). Example of the Ballot was also presented together with the notice about the Meeting.

Hereby AB INTER RAO Lietuva informs that it has supplemented the Ballot with the procedurals matters, provided in Article 27 Part 3 of the Law on Companies of the Republic of Lithuania.

The general voting ballot attached as annex to this notice is an example only and may not be used as a Ballot. (PDF)

Annexes:
1. Example of General Voting Ballot; (PDF)

The Annual General Meeting of Shareholders of AB INTER RAO Lietuva, code 1261 19913, registered address at A. Tumėno g. 4, Vilnius, the Republic of Lithuania (hereinafter referred to as the Company), is convened by initiative of the board and following the decision of the board adopted on 30 March 2022 (hereinafter referred to as  the Meeting).

The Meeting will be held at at Aukštaičių str. 2, LT-28216 Utena, the Republic of Lithuania, at 10.00 am on 29 April 2022. Registration will take place from 09.00 am till 09.40 am. (PDF)

Annexes:

1. Example of General Voting Ballot; (PDF)
2. Draft distribution of profit (loss) of the Company for the year 2021. (PDF)

AB INTER RAO Lietuva Supervisory Board having analysed the Financial Statements for the year 2021 decided to propose the Annual General Meeting of Shareholders to approve them. (PDF)

AB INTER RAO Lietuva Management Board adopted a decision on analysis and assessment of the Audited Annual Financial Statements of the Company and the Group for the year 2021 and a decision to convene the Annual General Meeting of the Company. (PDF)

Enclosures:

• AB INTER RAO Lietuva Consolidated and Parent Company’s Financial Statements for the year ended 31 December 2021 and Consolidated Annual Report; (ZIP)
• Independent Auditor’s Report. (PDF)

On 24th March 2022 Polish Power Exchange (Towarowej Giełdy Energii) (hereinafter – the TGE) informed IRL Polska Sp. Z o.o., legal entity KRS code 0000436992 (hereinafter – the Subsidiary) which is subsidiary company of AB INTER RAO Lietuva, legal entity code 126119913 (hereinafter – the Company), about a decision of the Management Board of TGE to suspend the operations of the Subsidiary on the Commodity Market of TGE and trading platform operated by TGE. According to the notification provided by TGE, such decision was adopted due to the risk of the Subsidiary being covered by generally applicable sanctions regulations, including those referred to in the Trading Regulations of the Commodity Market of TGE. The suspension of the Subsidiary’s operations as referred above shall be valid until the grounds for the suspension are repealed, but no longer than for a period of three months. As it was already announced in the Company’s notifications on 17th March, 23rd and 24th March 2022, the Company does not possess any information on restrictive measures imposed on the Company or its subsidiaries by implementing Regulation (EU) No 269/2014 in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. In order to avoid any possible ambiguities, the Company on 17th March 2022 applied to the Ministry of Foreign Affairs of the Republic of Lithuania, which coordinates implementation of international sanctions in the Republic of Lithuania and provide natural and legal persons with information about the issues pertaining to the implementation of the international sanctions. Upon receipt of information from this institution, the Company will disclose it to the investors in accordance with the applicable legal acts. The Subsidiary and the Company will also cooperate with TGE and will provide other necessary information in order to remove the restrictions on the Subsidiary’s operations as described above. (PDF)

On 24^th March 2022 some mass media means distributed comments of the representatives of public institutions of the Republic of Lithuania regarding the agreements concluded by AB INTER RAO Lietuva, legal entity code 126119913 (hereinafter – the Company) with state institutions and possible termination of such agreements. Hereby we inform that the Company continues to fulfil all its obligations to the existing customers and partners. As it was already announced in the Company’s notifications on 17^th March and 23^rd March 2022, the Company does not possess any information on restrictive measures imposed on the Company or its subsidiaries by implementing Regulation (EU) No 269/2014 in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. In order to avoid any possible ambiguities, the Company on 2022 March 17^th applied to the Ministry of Foreign Affairs of the Republic of Lithuania, which coordinates implementation of international sanctions in the Republic of Lithuania and provide natural and legal persons with information about the issues pertaining to the implementation of the international sanctions. Upon receipt of information from this institution, the Company will disclose it to the investors in accordance with the applicable legal acts. (PDF)

2022 March 14 Nasdaq Vilnius has made a decision to suspend trading of the shares of AB INTER RAO Lietuva, legal entity code 126119913 (hereinafter – the Company), in the trading list of foreign shares First North (read more here: https://view.news.eu.nasdaq.com/view?id=bb1d8bfda754479031acc01e8e0421b90&lang=lt)   and 2022 March 17 the suspension of trading of Company’s shares was announced by the Warsaw Stock Exchange (read more here: https://www.gpw.pl/suspension-and-removal), however, as already mentioned in the Company’s report as of 2022 March 17, the Company has no information that it or its subsidiaries are subject to restrictive measures pursuant to Regulation (EU) No 1095/2010. 269/2014 concerning restrictive measures in view of Russia’s actions undermining or encroaching on the territorial integrity, sovereignty and independence of Ukraine. In order to avoid any uncertainties, the Company on 2022 March 17 applied to the Ministry of Foreign Affairs of the Republic of Lithuania, which coordinates the implementation of international sanctions in the Republic of Lithuania and provides information to natural and legal persons on the implementation of international sanctions. Upon receipt of information from this institution, the Company will inform investors thereof in accordance with the procedure established by laws. (PDF)

On 16^th March 2022 some mass media means distributed information about the restrictions imposed on the bank accounts of AB INTER RAO Lietuva, code 126119913 (hereinafter referred to as the Company), however, the Company does not possess any information on restrictive measures imposed on the Company or its subsidiaries by implementing Regulation (EU) No 269/2014 in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. In order to avoid any possible ambiguities, the Company will address the Ministry of Foreign Affairs of the Republic of Lithuania, which coordinates implementation of international sanctions in the Republic of Lithuania and provide natural and legal persons with information about the issues pertaining to the implementation of the international sanctions and, when any information from this institution is received, disclose it to the investors in accordance with the applicable legal acts. (PDF)

AB INTER RAO Lietuva announces that Jonas Garbaravicius resigned from his position of a member of the Company‘s Supervisory Council from 16 March 2022. (PDF)

AB INTER RAO Lietuva (hereinafter referred to as the Company) announces that Rytis Davidovicius resigned from his position of a member of the Company‘s Supervisory Council from 7 March 2022. (PDF)

AB INTER RAO Lietuva hereby announces the results for the 4th quarter of 2021 and the Consolidated and Parent Company’s Financial Statements for the year ended 31 December 2021, Consolidated Annual Report and Independent Auditor’s Report. (PDF)

Results for the 4th quarter of 2021; (PDF)

AB INTER RAO Lietuva Consolidated and Parent Company’s Financial Statements for the year ended 31 December 2021 and Consolidated Annual Report; (ZIP)

Independent Auditor’s Report. (PDF)

AB INTER RAO Lietuva hereby informs that the results for the 4th quarter of 2021 and the Consolidated Audited Annual Report, the Consolidated and Parent Company’s Financial Statements for the year ended 31 December 2021 together with the Independent Auditor’s Report will be published on 18 February 2022. (PDF)