Information on a significant transaction with the related party
Considering the requirements of Article 59’ paragraphs 7 and 10 of the Law on Financial Instrument Market, the Board of the joint stock company Latvijas balzams (hereinafter – the Company) informs that a transaction has been concluded with AS Luminor Bank and a related party of the Company - Amber Beverage Group Holding S.à r.l., Luxembourg, on the application of a grace period for credit agreements, secured by the Company, until September 2020. 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 opinion on the transaction has been obtained.
Chairman of the Management Board
JSC Latvijas balzams