Published: 2019-01-22 16:49:03 CET
Latvijas balzams
Other information disclosed according to the rules of the Exchange

Information on a significant transaction with related party

In accordance with the requirements of Section 7 and 10 of Article 59.1 of Law on the Financial Instruments Market, the Board of the Joint Stock Company “Latvijas balzams” (hereinafter also “the Company”) informs that significant transaction has been concluded with regard to extension of previously provided collaterals period related to Loan Agreement concluded between Company’s group entity Amber Beverage Group Holding S.à r.l. and Luminor Bank AS for the amount of EUR 3,300,000.00.

The impact of the transaction on the Company's commercial activities is evaluated positively. The transaction is also forecasted to have a positive impact on the shareholders of the Company, which are not considered as related parties to the transaction, as the Company will receive additional income. The Audit committee’s opinion on the transaction has been obtained.

 

Intars Geidans

Chairman of the Board

JSC “Latvijas balzams”