Important Update on Note Redemption
This notice is intended to inform the esteemed noteholders of the €210,000,000 1.047 per cent. Senior Preferred Notes due 2025.
Details of the Redemption Notice
The issuer is preparing to exercise its option to redeem the outstanding notes. This decision is based on specific conditions that were outlined earlier. Noteholders should take note that the redemption date is approaching quickly, making it essential to incorporate this into your financial planning.
Redemption Date and Process
The outstanding notes will be fully redeemed on the designated date at 100 per cent. of the principal amount, along with any accrued and unpaid interest. This is a significant milestone for investors, as it represents an important transaction for Šiauli? bankas.
Understanding the Implications
It is strongly recommended that noteholders review the terms and conditions related to the notes as detailed in the Base Prospectus and any additional updates. The request to cancel the listing of these notes on the Bond List of Nasdaq Vilnius is part of this process and underscores the seriousness with which the issuer is handling this transition.
What to Do Next?
If you hold these notes, this notice serves as a vital reminder to consult your financial advisors to fully grasp the implications of this redemption. Proper planning can help you make informed decisions regarding your investments.
Issuer Information
Akcin? bendrov? Šiauli? bankas, headquartered at Tilž?s gatv? 149 in Šiauliai, Lithuania, is dedicated to maintaining clear communication with its investors. If you have any questions, feel free to reach out to Tomas Varenbergas, the Head of Investment Management, who is available to assist you.
Frequently Asked Questions
What are the Senior Preferred Notes?
The Senior Preferred Notes are financial instruments issued by Šiauli? bankas, which provide investors with specific rights and obligations concerning the bank's governance and financial performance.
What is the significance of the Redemption Date?
The Redemption Date is crucial for noteholders as it signifies when the bank will repay the principal amount of the notes along with any interest that is due.
Who should noteholders contact with questions?
Noteholders can contact Tomas Varenbergas, the Head of Investment Management Division, for detailed inquiries regarding the redemption process.
Will the notes continue to trade after redemption?
No, once the redemption occurs, the notes will no longer be listed or traded on any market.
How can I ensure I am well-prepared for the redemption?
It is advisable to consult with an independent financial advisor. Understanding the terms of the notes and the implications of the upcoming redemption is crucial for your preparation.
