ANNOUNCEMENT ON CORPORATE ACTION

NOTICE ON A CORPORATE EVENT
28/08/2018
Vilnius

 

 1. From: Energijos Skirstymo Operatorius AB, identification code: 304151376, registered address Aguonu str. 24, Vilnius, Republic of Lithuania. 

 2. To: The Bank of Lithuania, NASDAQ OMX Vilnius Stock Exchange.    3.  Regarding the contract with Lietuvos Energija, UAB on the Proportional Transfer of the obligations arising from the Green Bonds. 

Energijos Skirstymo Operatorius AB, (hereinafter – the Company or ESO) identification code 304151376, registered office address Aguonu str. 24, Vilnius, Republic of Lithuania. The total number of registered ordinary shares issued by the Company is 894 630 333; ISIN code LT.

 

According to the Article 37(2) 7 of the Law on Companies of the Republic of Lithuania, the Resolution of the Board of the Company on entering into the Contract on the Proportional Transfer of the obligations arising from the Green Bonds issue (hereinafter – the Contract) with Lietuvos Energija, UAB (hereinafter – Lietuvos Energija) providing for the transfer of part of the up to EUR 250 million worth Green Bonds issue to the Company, was on 27 August 2018 approved by the Supervisory Board of the Company, based on the demonstrated positive approach of the Audit Committee of the parent company Lietuvos Energija.

 

 

Before issuing the EUR 300 million worth Green Bonds of Lietuvos Energija part of the proceeds was projected to be used for long-term investments of ESO.

 

The contractual term for the discharge of the obligations is no later than by 10 July 2028. The fixed interest rate of the contract is 2.11%. and coincides with the effective interest rate of the Green Bonds issue. The essential terms of the Contract are consistent with the terms and conditions of the Green Bonds placement. This Contract does not provide any other additional security measures (guarantees, suretyship, pledges, etc.).

 

 4. Information is not confidential. 

 5.  Representative for Public Relations Tomas Kavaliauskas, tomas.kavaliauskas.lt, tel. +370 618 51616

 

Attachment