INTERAOLT (IRL): Correction of the report no. 17/2016 - AB INTER RAO Lietuva announces about financing received from its major shareholders - raport 17

Raport ESPI

Wtorek, 24 maja 2016 (15:48)

UNI - EN REPORT No17/2016

AB INTER RAO Lietuva (hereinafter referred to as the Company) announces that on 24 May 2016 two loans have been granted to the Company:

1. The shareholder of the Company RAO Nordic Oy (registration number 1784937-7, registered at Tammasaarenkatu 1, FIN – 00180, Helsinki, Finland) which has 51% of shares and voting rights in the Company has granted a loan to the Company in the amount of EUR 8.211.000,00 (eight million two hundred eleven thousand Euros). The loan was transferred to the Company by both parties agreeing to retain with the Company the EUR 8.211.000,00 (eight million two hundred eleven thousand Euros) of dividends payable to RAO Nordic and thus deeming that the Company has received the equivalent loan amount. The annual interest rate is 1.24%. The Company undertook to repay the loan and accrued interest until 31 March 2017.

Reklama

2. The shareholder of the Company UAB Scaent Baltic (registration number 3006 61378, registered at Jogailos str. 9, Vilnius, Lithuania) which has 29% of shares and voting rights in the Company has granted a loan to the Company in the amount of EUR 4.669.000,00 (four million six hundred sixty nine thousand Euros). The loan was transferred to the Company by both parties agreeing to retain with the Company the EUR 4.669.000,00 (four million six hundred sixty nine thousand Euros) of dividends payable to UAB Scaent Baltic and thus deeming that the Company has received the equivalent loan amount. The annual interest rate is 1.24%. The Company undertook to repay the loan and the accrued interest until 31 March 2017.

Loans will be used to finance working capital of the Company.

Legal grounds: Article 56 section 1 point 1 in connection with article 56 section 6 of the Polish Act of 29 July 2005 on Public Offering and Conditions governing the Admission of Financial Instruments to Trading on Organized Markets, and on Listed Companies.