UAB EDS Invest 3 made an mandatory takeover bid to acquire the remaining 8.9% stake in AB Snaige (NSEL:SNG1L) for approximately ?0.129 on January 30, 2024. The bid price is ?0.129 in cash for one ordinary registered share of Snaige AB. The Financial Market Supervisory Committee of the Bank of Lithuania has approved UAB EDS INVEST 3 circular of the mandatory takeover bid to buy up AB "Snaige" shares.

The duration of the proposal's implementation is 14 days, where the start of the mandatory takeover bid is February 5, 2024 and shall end in February 19, 2024. During the purchase of shares, the offeror acquires shares that would grant at least 95% of all votes, the official offeror would seek to use the right to compulsorily buy back the remaining shares as provided in the Article 32 of the Securities Law. The Offeror submitting the mandatory takeover bid, with the approval of the board of AB Snaige, plans to propose to the general meeting of shareholders that the shares of AB Snaige be removed from trading on the regulated market.