UAB „Modus Grupė“ sole shareholder’s decisions on the issue and distribution of public bonds
On 16th November 2020 the following decisions of the sole shareholder of UAB „Modus Grupė“ (the Company) were adopted:
1. On the issue and distribution of public bonds
1.1. To issue 1095-day valid bonds in number up to 80 000 (eighty thousand) units with a nominal value of EUR 100 (one hundred euros) each, i.e. the total value of issued bonds up to 8 000 000 EUR (eight million euros) (inclusive);
1.2. Determine that the bond redemption price is 100 EUR (one hundred euros) per bond;
1.3. Determine that the annual interest rate is 5%.
1.4. Determine that the bond is valid from 4 December 2020;
1.5. Determine that the bond redemption date is 4 December 2023;
1.6. Determine that the Company is entitled to the early redemption of the bonds under the following conditions:
- upon the ending of 1 year (4 December 2021) as of the validity of the bonds takes effect; the bond redemption price is equal to EUR 101,00 (one hundred and one euro) for the one bond including the interest accrued until the date of early redemption;
- upon the ending of 2 year (4 December 2022) as of the validity of the bonds takes effect; the bond redemption price is equal to EUR 100,75 (one hundred and one and seventy-five hundredths euros) for the one bond including the interest accrued until the date of early redemption;
1.7. Determine that the accrued interest will be paid to the shareholders twice a year (ACT/ACT) on 4 June and 4 December. If any of them is not a working day, interest is paid on the nearest working day after that date.
1.8. Determine that bonds are publicly distributed through an intermediary – the Joint-Stock company Šiaulių bankas (legal entity code 112025254).
1.9. Determine that MG NL holding B.V. being the sole shareholder of the Company undertakes to become a surety towards the owners of the bonds and ensure the proper performance of the Company’s obligations, providing that the distribution of the bonds may be terminated before the validity date of the bonds in case MG NL holding B.V. fails to provide the surety for the proper performance of the Company’s obligations towards the owners of the bonds until the period of bonds subscription expires.
1.10. Determine that in the event Modus Energy International B.V. (a private limited liability company, incorporated under the laws of the Netherlands, having its corporate seat in Amsterdam, the Netherlands, and its registered office at Fred. Roeskestraat 115, 1076EE Amsterdam, the Netherlands, registered with the Business Register under file number 66202213) becomes the subsidiary of the Company, the surety obligations of MG NL holding B.V. shall terminate.
2. On the listing of bond issue
2.1. To include the bond issue of the Company into the Nasdaq Vilnius First North List within 6 (six) months from the date of bond issue.