Regarding Consultations Conducted by AUGA group, AB with Holders of Green Bonds
November 26 2024 - 3:24AM
UK Regulatory
Regarding Consultations Conducted by AUGA group, AB with Holders of
Green Bonds
In an effort to reach an agreement acceptable to parties, AUGA
group, AB (hereinafter – the Company) is conducting consultations
with the holders of green bonds (ISIN LT0000404238). These
consultations aim to exchange positions and expectations, which the
Company will strive to address to the best of its
ability.
Based on the
principal understandings identified during the
consultations thus far, the Company included in the proposed
restructuring plan of AUGA group, AB, published on 22 November,
2024, a provision that settlements with bondholders could be
completed by 31 December, 2026. Additionally, the proposed plan
stipulates that the settlements may be facilitated through the sale
of assets owned by the Company’s subsidiaries, which have been
pledged in favor of the bondholders.
Contacts:
CFO of AUGA group, AB
Kristupas Baranauskas
+370 5 233 5340
Auga Group Ab (LSE:0IR4)
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