We inform that the Supervisory Board of AB “Ignitis grupė” (hereinafter – Firm) permitted the mortgage settlement, which might not exceed 293m euros, (hereinafter – Mortgage) with UAB “Ignitis renewables”.
The funds from the mortgage shall be used, if wanted, to accumulate and develop renewable vitality tasks and refinance the present loans. Precise scope and use of the funds will rely largely on the scenario out there and the availability of funding tasks assembly the returns expectations. The lending complies with the inexperienced era growth priorities and targets set out within the Firm’s technique.
The Mortgage shall be allotted from the inexperienced bond funds raised by the Firm and its fairness. The Mortgage compensation interval – now not than 10 years from the second of the cash switch. The Mortgage will be repaid earlier than the top of the Mortgage compensation interval. This settlement doesn’t embrace extra measures making certain the fulfilment of obligations. Different Mortgage phrases and situations are confidential.
The Audit Committee of the Supervisory Board of the Firm, after analysing the knowledge supplied on the agenda merchandise, submitted an opinion relating to the conclusion of the Mortgage settlement based mostly on which there isn’t a foundation to imagine that the deliberate Mortgage settlement is just not performed based on the market situations or that it’s unfair or not within the pursuits of shareholders, who aren’t a celebration of the deliberate settlement.
The settlement shall be signed within the close to future, the Firm is not going to inform about its signing in a separate materials occasion discover.
Artūras Ketlerius, Head of Public Relations, tel. +370 6 207 6076, e-mail firstname.lastname@example.org