The Lithuanian electricity transmission operator LITGRID AB (business ID 302564383, registered office Viršuliškių skg. 99B 13, Vilnius, Lithuania) announces that on June 1, 2021, the opinion of the audit committee of the parent company UAB EPSO-G (hereinafter – EPSO-G) on the intention to enter into the agreement between LITGRID AB and the related party UAB EPSO-G (hereinafter – the Transaction) on the transfer of tax losses to LITGRID AB.
On June 1, 2021, EPSO-G’s Audit Committee examined the transaction and issued an opinion:
- The compliance of the transaction with market conditions is not assessed, since the transaction is carried out exclusively in accordance with the requirements of Article 561 of the Law on Corporate Income Tax of the Republic of Lithuania (hereinafter: Corporate Income Tax Law), that is, according to Article 561, the transaction could not be with another Companies are entered into as a group company;
- the transaction is fair and reasonable in relation to all shareholders of LITGRID AB as the transfer of tax losses is carried out in accordance with Article 561 of the Law on Corporate Income Tax and LITGRID AB does not incur any losses as a result of the transaction.
The person authorized by LITGRID AB to provide additional information about the material event:
tel. +370 613 19977 Email: [email protected]