The Augai Group has authorized the extension of new shares | Business



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The central bank also informed the Polish financial supervisory authority of authorization through the Nasdaq Vilnius Stock Exchange.

According to the "Auga Group", the decision to extend the deadline for the company, with the agreement of the European Bank for Reconstruction and Development (EBRD) on the conditions of investment, has been extended from almost a month until June 17.

"We contacted many investors in Europe and beyond before making our offer and delivering the case to investors during the period.It is obvious that many investors in Europe are currently in So it is not possible to share information about this event in a timely manner.In our opinion, the extension of the term is the only reasonable step that should be taken in order to provide all investors with opportunities. to badess the significance of the published information, "Yushchenko said in a statement.

The "Auga Group", its largest shareholder Baltic Champs and its shareholder Kęstutis Juščis and the EBRD have reached a general agreement stating that if the bank issues an order to acquire newly issued shares, it will not be able to do so. will undertake to comply with certain environmental, social, and other recommendations and requirements of EASO. In this case, the company also undertakes to vote for the person designated by the bank on the Supervisory Board of the AUGA Group, as the case may be.

Auga Group, its largest shareholder Baltic Champs Group, and K. Yushchenko and the EBRD agreed Thursday that the bank By acquiring new shares, the company will comply with the recommendations, requirements and requirements of the Bank in respect of environment, social compliance and management. In addition, as long as the EBRD has more than 3% The shares of the company, the largest shareholder, will vote for the representative of the EBRD on its supervisory board.

However, the EBRD is not obliged to acquire the shares of the Auga Group during the bidding process. shares of new ordinary registered shares to be traded on the Nasdaq Vilnius and Warsaw stock exchanges, and the main shareholder of Baltic Champs Group will sell 40 million litas. shares of ordinary registered shares. The public offering started on July 3

The shares are offered to private investors in Lithuania, and institutional or unskilled investors and investors selected abroad

Shares range from 0, 45 euros to 0.50 euros per share, final shares the price will be determined after the end of the period of application. According to the Auga Group, the goal is to attract capital for business development, increase the liquidity of shares and freely traded shares, create more attractive conditions for investors in small institutional investors [19659002] for the development of biogas production and adaptation to agricultural machinery projects.

At present, 88.13% The Augagroup shares are held by K. Yuščis, managed by Baltic Champs, which is 5.83% more. – Multi Asset Selection Fund

AugaGroup shares listed on the Supplementary List and on the Warsaw Stock Exchange.

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