Published: 2020-10-14 16:01:55 CEST
Moda Kapitāls
Other information disclosed according to the rules of the Exchange

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

JSC Moda kapitals (hereinafter -Issuer), exercising the rights provided of the Terms and Conditions of Notes (ISIN LV0000801876) (hereinafter – the Notes), Issuer announces partial repurchase of the Notes for the total purchase amount not exceeding 470,000 EUR and for the purchase price 100% of the nominal value of the Notes plus accrued coupon on the settlement date.

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

Each noteholder have the right to express their wish to sell the Notes in the time period between 14 Ocotber 2020 and 22 October 2020 by sending to Issuer registered letter to Issuer legal adress: Ganibu dambis 40A-34, Riga, Latvia, LV1005 or by submitting an application ir person, 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;
  • the number of Notes offered for sale;
Within one business day after deadline for submission of offers (on 23 October 2020)  Issuer 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. If the noteholders applications have been submitted for the total amount  exceeding the total redemption amount, the Issuer will satisfy the respective offers proportionally.

Issuer 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 untill 29 October 2020.

Issuer has the right to change the previously approved results if any of the noteholders withdraws from the transaction. Issuer 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