INTER RAO Lietuva shares debuted on the WSE
NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.
INTER RAO Lietuva, a leading player in the electricity market in the Baltic countries and one of the largest independent suppliers of electricity in Lithuania, debuted on the Warsaw Stock Exchange. The shares of the company were admitted for trading on the WSE under the ticker IRL and the trading started on 18 December.
The WSE VP Beata Jarosz, INTER RAO Lietuva CEO Giedrius Balčiūnas, Member of the Supervisory Board Jonas Garbaravičius, INTER RAO UES representative Anton Nazarov, Orion Securities CEO Alius Jakubėlis, as well as IPO advisers, Polish investors and financial journalists took part in the event.
The trading started with the opening price of PLN 25.65 per share which is 6.1% higher than the IPO price, which has been set at EUR 5.85 (PLN 24.17). Warsaw Stock Exchange is the sole listing market for INTER RAO Lietuva securities at the time.
“We are very satisfied with the results of the IPO and the first trading day and would like to thank investors for reposed confidence in company, its achievements and perspective growth, and also many thanks to all the team who brought us to such a result. In the coming years we want to keep high profitability and through solid dividends distribute earnings to shareholders. Moreover as a public company we would like to communicate in line with the best investor relations practice” – says Jonas Garbaravičius, member of the Supervisory Board of Inter RAO Lietuva.
Investment firm Orion Securities is acting as global coordinator of the IPO, Ernst&Young as financial auditors, while Baker & McKenzie and LAWIN are advising on legal aspects.
Contact
Łukasz Wójcik
NBS Communications
Tel: +48 22 826 74 18
E-mail: lwojcik@nbs.com.pl
Jakub Rutkowski
NBS Communications
Tel: +48 22 826 74 18
E-mail: jrutkowski@nbs.com.pl
Disclaimer
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
This publication is for promotional purposes only and under no circumstances shall constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of AB INTER RAO Lietuva (the “Company”) in the United Kingdom, the United States, Australia, Canada or Japan (or in any jurisdiction to whom or in which such offer or solicitation is unlawful), nor should it or any part of it form the basis for a decision to invest in securities of the Company.
The offering prospectus (the “Prospectus”), prepared in connection with the public offering of the Company’s shares to investors in Poland and Lithuania, and admission of all of the Company’s shares to listing and trading on the Warsaw Stock Exchange (the “WSE”), is the sole legally binding document containing information on the Company and the public offering of its shares in Poland and Lithuania (the “Offering”).
On 23 November 2012 the Prospectus was approved by the Central Bank of the Republic of Lithuania (Lietuvos Respublikos Centrinis Bankas, the “CBRL”), the Lithuanian financial markets supervision authority, and was made available to the public once all the conditions provided under Art. 12 of the Law on Securities of the Republic of Lithuania dated 18 January 2007, as amended, and Art. 37 of the Polish Public Offering Act dated 29 July 2005 had been met, i.e., once the Polish Financial Supervision Authority was notified by the CBRL of the approval of the Prospectus and received a certificate of the approval of the Prospectus along with copy of the Prospectus and a translation of its summary into Polish.
The Prospectus in electronic form is available on the following websites: of the Company (www.interrao.lt) and UAB FMI Orion Securities (www.orion.lt). Printed copies of the Prospectus are available free of charge on request made to the Company or UAB FMI Orion Securities.