| | POLISH FINANCIAL SUPERVISION AUTHORITY | | | | | | | UNI - EN REPORT No | 17 | / | 2016 | | | | | | Date of issue: | 2016-05-24 | | | | | | | | | | | Short name of the issuer | | | | | | | | | | AB INTER RAO LIETUVA | | | | Subject | | | | | | | | | | | | | AB INTER RAO Lietuva announces about financing received from its major shareholders | | | | Official market - legal basis | | | | | | | | | Art. 56 ust. 1 pkt 1 Ustawy o ofercie - informacje poufne
| | | | Unofficial market - legal basis | | | | | | | | Contents of the report: | | | | | | | | | | | 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 5.712.000,00 _five million seven hundred twelve 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.
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 3.248.000,00 _three million two hundred forty eight 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. | | | | Annexes | | | | | | | | | | | | | File | Description | | |
