Information on a significant transaction with a related party
In accordance with the requirements of Section 7 and 10 of Article 59.1 of Law on the Financial Instruments Market, the Board of the Joint Stock Company Latvijas balzams (hereinafter also ‘the Company’) informs that it concluded a transaction with the Swiss bank Credit Suisse AG and a Group company Amber Beverage Group Holding S.à r.l., of amendments in existing credit facility agreement with the total amount of funds EUR 27 million in an extension of its term till 03.12.2023. The impact of the transaction on the Company's commercial activities is evaluated positively.
The transaction is also forecasted to have a positive impact on the shareholders of the Company, which are not considered as related parties to the transaction, as the Company will receive additional income. The Audit committee’s opinion on the transaction has been obtained.
JSC Latvijas balzams
Chairman of the Board