Important Update on Redemption of Senior Preferred Notes
Important Update on Note Redemption
This notice is issued to inform the valued noteholders of the €210,000,000 1.047 per cent. Senior Preferred Notes due 2025.
Details of the Redemption Notice
The issuer is set to exercise its option regarding the redemption of the outstanding notes. This decision is based on specific conditions outlined previously. Noteholders should be aware that the scheduled redemption date is fast approaching, and it is essential to factor this into your financial planning.
Redemption Date and Process
The outstanding notes will be fully redeemed on the specified date at 100 per cent. of the principal amount along with any accrued and unpaid interest. This is a pivotal moment for investors, as it marks a significant transaction for Šiauli? bankas.
Understanding the Implications
Noteholders are strongly advised to review the terms and conditions pertaining to the notes as detailed in the Base Prospectus and further updates. The cancellation request for the listing of these notes on the Bond List of Nasdaq Vilnius is part of this process and reinforces the seriousness with which the issuer approaches this transition.
What to Do Next?
If you’re a noteholder, this notice serves as a crucial reminder to consult your financial advisors to fully understand the implications of this redemption. Effective planning can ensure you make the best decisions regarding your investments.
Issuer Information
Akcin? bendrov? Šiauli? bankas, with its headquarters at Tilž?s gatv? 149 in Šiauliai, Lithuania, is committed to maintaining transparent communication with its investors. Should you have questions, the Head of Investment Management, Tomas Varenbergas, is available for any inquiries.
Frequently Asked Questions
What are the Senior Preferred Notes?
The Senior Preferred Notes are financial instruments issued by Šiauli? bankas, providing investors with specific rights and obligations related to the bank's governance and financial performance.
What is the significance of the Redemption Date?
The Redemption Date is crucial for noteholders as it marks when the bank will repay the principal amount of the notes along with any interest due.
Who should noteholders contact with questions?
Noteholders can reach out to Tomas Varenbergas, the Head of Investment Management Division, for detailed inquiries regarding the redemption.
Will the notes continue to trade after redemption?
No, after the redemption, the notes will no longer be listed or trade on any market.
How can I ensure I am well-prepared for the redemption?
Consulting with an independent financial advisor is recommended. It’s important to understand the terms of the notes and the implications of the upcoming redemption.
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