Snaige
Regarding announcement on the impact to the Company’s financial results of sale of the subsidiary’s real estate in Russia
Snaige AB 16.10.2013 08:02 --------------------------------------------------------------------------- Alytus, Lithuania, 2013-10-16 08:02 CEST (GLOBE NEWSWIRE) -- As it was indicated in the notification on material event of AB 'Snaige' (hereinafter, the 'Company'), dated 9 October 2013, the real estate of the subsidiary of the Company OOO 'Techprominvest' was sold. Hereby we inform that the Company is intending to announce an additional notification on material event, indicating the impact of the mentioned transaction to the financial results of the Company. In the Company's Management opinion, this data shall objectively reflect the profitability of the concluded transaction. Please also note that on the day of this notification such results, which inter alia depend on the executed investments into the sold real estate, expenditures for the preparation of its sale and other financial indicators, are not calculated by the Company. The Company shall announce a relevant notification on material event, as soon as these results shall be established (the Company expects to have this data till the end of November 2013). Managing Director Gediminas Čeika +370 315 56206 News Source: NASDAQ OMX 16.10.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Snaige AB Lithuania Phone: Fax: E-mail: Internet: ISIN: LT0000109274 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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