Vilnius, Lithuania, 2013-05-21 07:30 CEST (GLOBE NEWSWIRE) -- On the 20th of May 2013 the Management Board of AB SEB bankas and the Management Board of AB “SEB lizingas” approved the Reorganization Terms of AB SEB bankas and AB “SEB lizingas”.
Pursuant to the Reorganization Terms AB “SEB lizingas“ shall be reorganized by way of incorporation as specified in Part 3 of Article 2.97 of the Civil Code of the Republic of Lithuania. AB “SEB lizingas”, a company which shall terminate its economic activities after reorganization, shall be merged into AB SEB bankas, a company which participates in reorganization and which shall continue its activities after reorganization.
Assets, rights and obligations of AB “SEB lizingas”, including the rights and obligations under contracts, shall be transferred to AB SEB bankas and the contracts of AB “SEB lizingas” shall be reflected in accounting of AB SEB bankas from the moment of signing of the transfer-acceptance deed of the assets, rights and obligations as established in the Reorganization Terms.
The Reorganization Terms and other documents related to reorganization are available on website www.seb.lt or at AB SEB bankas head office (Gedimino pr. 12, Vilnius) and AB “SEB lizingas” head office (Saltoniškių g. 12, Vilnius) on working days (Monday – Thursday from 8 a.m. to 5 p.m., Friday – from 8 a.m. to 3.45 p.m., lunch time from 12 a.m. to 12.45 p.m.).
This notification is non-confidential.
Jonas Iržikevičius, Vice President of AB SEB bankas, Head of Business Support Division and Chief Financial Officer.
21st of May 2013, Vilnius
Jonas Iržikevičius, Vice President of AB SEB bankas, Head of Business Support Division and Chief Financial Officer, tel. +370 5 268 2355, is authorized to provide additional information regarding the material event.