Published: 2021-05-07 09:50:45 CEST
Moda Kapitāls
Inside information

AS Moda kapitals announces partial repurchase of notes (ISIN LV0000801876)

AS Moda kapitals, by exercising the rights provided of the Terms and Conditions of Notes (ISIN LV0000801876 (hereinafter – the Notes), hereby announces partial repurchase of the Notes for the total purchase amount 500,000 EUR of the nominal value of Notes and for the purchase price 80% of the nominal value of the Notes.

Each noteholder who owns the Notes has an opportunity to sell them to AS Moda kapitals in accordance with the procedure set out below.

The noteholders have the right to express their wish to sell the Notes in the time period between 6 May 2021 and 13 May 2021 by sending to AS Moda kapitals by e-mail:  an offer, which includes the following information:

  • name of the noteholder (for legal entities), name and surname (for natural persons);
  • registration number of the noteholder (for legal entities), personal identification code or date of birth (for natural persons);
  • noteholder's telephone number;
  • principal amount of the Notes owned;
  • the number of Notes offered for sale.

Within one business day after deadline for submission of offers (on 14 May 2021) AS Moda kapitals will summarize the received offers, confirm the results and inform the noteholders who have submitted offers about the extent to which their submitted offers are satisfied.

AS Moda kapitals will not take into account and will not satisfy offers where the offered sale price of the Notes is higher than 80% of the nominal value of the Notes.

AS Moda kapitals will contact each noteholder whose offer has been approved to agree on the execution of the repurchase transaction. Transactions with all noteholders will be executed by using DVP principle (delivery vs. payment) with a settlement date on 17 May 2021.

AS Moda kapitals will publish information on the total nominal value of the repurchased Notes immediately upon completion of settlement.

         Guntars Zvinis
         Member of the Board JSC Moda kapitals
         phone: +37167344234