UNI - EN REPORT No
UNI - EN REPORT No6/2018
AB INTER RAO Lietuva (hereinafter referred to as the Company) announces that on 28 March 2018 the Management Board of the Company approved the overdraft (current bank account credit) agreement (the Agreement) concluded with OP Corporate Bank plc Lithuania Branch, registration number 302535257, registered at Konstitucijos pr. 29, Vilnius, Republic of Lithuania (the Bank), under which an overdraft was granted to the Company for a one-year term, the maximum amount of which is EUR 10,000,000 (ten million euros). This Agreement is a security financial collateral arrangement (security agreement) the object of which is current and future funds kept by the Company with the Bank.
For the Company to be able to use funds under the Agreement, the Management Board of the Company had to approve the Agreement. Hereby the Company notifies that the Management Board of the Company approved the Agreement on 28 March 2018.
The overdraft will be used to finance working capital needs of the Company.
Legal grounds: Article 17.1 of the EU Regulation on market abuse No 596/2014.