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SNG: Subscription of new bond issue

Spekuliantai.lt | 2009-07-10 | NASDAQ OMX biržų naujienos | perskaitė: 1295
Raktiniai žodžiai: Snaige AB, SNG
SNG: Subscription of new bond issue

Snaige AB Notification on material event 10.07.2009

Subscription of new bond issue

On 8 July 2009 the subscription period of AB „Snaigė“ bonds with maturity of
274 days and annual interest rate of 14% has ended. During the subscription
period 6 962 bonds with nominal value of 100LTL were subscribed.

The issued securities were exceptionally offered only for the holders of AB
“Snaigė” bonds which were not redeemed on 6 April 2009 by allowing to swap one
non-redeemed bond to one newly issued. In such a way holders of approximately
one third of all non-redeemed bonds agreed to restructure their overdue
securities. After the end of subscription period the residual nominal value of
non-redeemed bonds decreased to 1.67 m.LTL (or 8.4% of the whole bonds issue of
year 2008).

The company invites the holders of remaining non-redeemed bonds to continue
negotiations in order to identify solution appropriate for both parties.

Managing Director
Gediminas Čeika
+370 315 56206
www.snaige.lt

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