UAB Ignitis Grupe made an offer to acquire the remaining unknown minority shares of Energijos Skirstymo Operatorius AB (NSEL:ESO1L) from shareholders on March 30, 2020. UAB Ignitis Grupe will pay €0.88 per share. In a related transaction, UAB Ignitis Grupe is also acquiring AB Ignitis Gamyba for €0.64 per share.

As per the meeting held on April 6, 2020, the opinion of the Board of UAB Ignitis states that the offer price complies with all the requirements and principles. Further it was decided that another meeting will be held on April 30, 2020, to reach a decision to pay the dividends to Energijos Skirstymo Operatorius's shareholders for 2019. The Board of Energijos Skirstymo Operatorius has made no recommendation to shareholders to accept or reject the offer.

The prices are set in the tender offer circular approved by the Bank of Lithuania's Supervision Service, which supervises financial market participants, on March 30, 2020. As of March 31, 2020, Supervision Service of the Bank of Lithuania approved the circular for the transaction. The implementation of the official tender offer will be commenced on April 3, 2020 and conclude on April 22, 2020.