Notification on material event
Regarding a contract for financing
AB “Ignitis grupė” (Ignitis Group Ltd) (hereinafter - “Ignitis grupė” and Company), code of legal entity: 301844044, registered address at 14, Žvejų str., Vilnius. Total nominal value of the debentures issued by “Ignitis grupė” is EUR 900 000 000; ISIN codes: XS1646530565; XS1853999313; XS2177349912.
The Company Board on 14 September 2020 approved the decision to enter into a contract with the European Investment Bank (hereinafter – EIB) for the loan of 110 million euros intended to install the smart meters and to implement the IT solutions of collection and management of their data (hereinafter – Project). No additional measures that would guarantee performance of additional obligations (guarantees, securities, mortgage, etc.) are provided in this contract.
Upon receipt of the loan from EIB, the Company is going to grant a loan to AB “Energijos skirstymo operatorius” which is responsible for the implementation of the Project. Such financing structure was chosen in order to get the best terms of the EIB loan and to implement the financing strategy of the group of companies of “Ignitis grupė”.
For more information:
Head of Public Relations at Ignitis Group
Mobile phone +370 620 76076