Court approved the submitted restructuring plan of AB Utenos trikotazas. The court’s decision has come into effect.

On October 8, 2024, the Panevežys Regional Court, by judgment No. eB2-287-589/2024, opened restructuring proceedings against AB “Utenos trikotažas” (company code: 183709468, address: J. Basanaviciaus g. 22, Utena) and the submitted restructuring plan . The Court’s decision entered into force on October 17, 2024. Since October 17, 2024, the Company has acquired the special status of “restructured” and, in accordance with the norms of the Law on Insolvency of Legal Entities of the Republic of Lithuania, the company is undergoing a restructuring process.

Personlita UAB (legal entity code: 304081561, list number: N-JA0094, address: Gedimino pr. 32-5, Vilnius, tel.: 868689647, e-mail: [email protected]) has been appointed as restructuring manager of the Company.