MILKILAND (MLK): JSC “Ostankino Dairy” and Milkiland N.V. received the Demand Notice under the Deed of Guarantee dated 14 August 2012 - raport 1

Raport bieżący nr 1/2017

Podstawa Prawna:
Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieї№ce i okresowe

The Board of Directors of Milkiland N.V. (“the Company") informs that JSC “Ostankino Dairy” and the Company received the Demand Notice under the Deed of Guarantee made between JSC “Ostankino Dairy” as a Guarantor, and Raiffeisen Bank International AG, as an Agent of the financial parties ( “the Agent”) dated 14 August 2012, in relation to the Facilities Agreement between Milkiland N.V. (“the Borrower”) and UniCredit Bank Austria AG and ZAO Raiffeisenbank (“the Lenders”) dated 16 December 2011 (“the Facilities Agreement”).

The management of Milkiland N.V. continues the negotiations with the Lenders aimed at the settlement of the issues related to the above mentioned Facilities Agreement.

The due aggregate amount of Milkiland N.V. indebtedness under the Facilities Agreement stood at USD 68,424,580.62 and EUR 185,150.10.