Regarding the Redemption of Private Bonds of ŽŪK "AgroBokštai", an indirectly-controlled Company by AUGA group, AB
29 October 2024 - 5:54PM
UK Regulatory
Regarding the Redemption of Private Bonds of ŽŪK "AgroBokštai", an
indirectly-controlled Company by AUGA group, AB
On 27th March 2023, AUGA group, AB’s
indirectly controlled company ŽŪK "AgroBokštai" (hereinafter - the
Company) issued private bonds (hereinafter - the Bonds) with a
total nominal value of EUR 6,000,000. The Company undertook to
redeem the Bonds from investors and to pay any accrued but unpaid
interest by 27th October 2024. Given that the redemption
date coincided with a weekend, the date for the redemption of the
Bonds came due on 28th October 2024.
The Company seeks to fulfill its obligations
under the Bond agreements, but the process of refinancing the Bonds
took longer than expected.
"We remain strongly committed to our investors:
making every effort to redeem the overdue issue of private bonds,
while having fulfilled the obligation to cover interest to
investors in a duly and timely manner. We are now further actively
engaged with the matter of the Bond refinancing.
We recognize the concerns of our investors and
are fully committed to addressing this situation with urgency. Our
team is actively collaborating with both our investors and the bond
trustee to facilitate a transparent and seamless resolution
process", says Kęstutis Juščius, the Chair of the Board of AUGA
group, AB.
Contacts:
CFO of AUGA group, AB
Kristupas Baranauskas
+370 5 233 5340
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