Notification on material event
Regarding the Loan Agreement with UAB Lietuvos Energijos Tiekimas
Lietuvos Energija, UAB, (hereinafter – the Company) identification code 301844044, registered office placed at Žvejų str. 14, Vilnius, Republic of Lithuania. The total nominal value of issued bonds 600 000 000 EUR; ISIN codes XS1646530565; XS1853999313.
Company signed a Loan Agreement (hereinafter referred to as the Agreement) on 12 March, 2019 with its subsidiary company UAB Lietuvos Energijos Tiekimas for up to EUR 27 million loan granting. Proceeds from this loan will be used to finance of the public supply of electric energy from AB Energijos Skirstymo Operatorius. The contractual maturity date of commitments is no later than 29 March, 2024
This agreement does not provide any other additional obligations (guarantees, suretyship, pledges, etc.) to enforce obligations.
On 21 September 2018 AB Energijos Skirstymo Operatorius concluded a transaction on sale purchase of business segment whereby ESO as of 1 October 2018 transfered the business segment of the public supply of electric energy with the related assets, rights and duties to UAB Lietuvos Energijos Tiekimas, (hereinafter – LET).
As it was informed earlier the value of the Business segment being sold was determined by an independent property valuer UAB Ernst & Young Baltic. According to the revised opinion of the independent valuator the market price of the Business segment was set at EUR 27,441,351 .
The Company owns 100% of UAB Lietuvos Energijos Tiekimas share capital.
Arturas Ketlerius, Head of Public Relations, tel. +370 620 76076, e-mail. firstname.lastname@example.org