Recent Bondholder Meeting Reveals Insights on Bond Strategy

Overview of the Bondholder Meeting Decisions

The bondholders of UAB "AWG investment 1," managed by AUGA group, convened under the guidance of UAB AUDIFINA, the designated trustee. This meeting, held recently, focused on crucial decisions regarding the bonds associated with the firm, identified by the ISIN code LT0000409104. A significant resolution emerged: bondholders agreed not to pursue early redemption, indicating a unified effort to maintain stability in operations.

Implications of the Bondholders' Decision

K?stutis Juš?ius, Chair of the Board of AUGA group, expressed satisfaction with this outcome. By deciding against early actions, the bondholders are pursuing an agreement that is beneficial for all parties involved, thus allowing the company to continue its operations without disruption. This consensus is pivotal as it aids in fulfilling the company's obligations in a timely and efficient manner.

Details of the Meeting Agenda

Prior to the meeting, various alternative resolutions had been proposed regarding the agenda's second item, which focused on the redemption of the bonds. These proposals came from both the trustee and bondholders with a significant stake, specifically those owning more than 1/10 of the total bonds issued. Ultimately, a proposal arising from this group was adopted. This resolution acknowledged a breach concerning the terms outlined in the bond agreement, particularly relating to "Events of Default." It marks the reality that, due to certain defaults, the bonds have become due and payable.

Bondholders' Resolutions

The bondholders now instruct the trustee to delay the execution of any security measures related to the bonds. They also resolved to refrain from initiating any legal actions against the issuer until further consultations are conducted with all bondholders involved. This provisional measure highlights a careful approach by the creditors as they navigate their legal standing.

Preservation of Bondholder Rights

It's important to note that this decision does not imply any relinquishment or alteration of the legal rights and claims held by the bondholders. The bondholders have expressly maintained their rights to pursue claims concerning the issuer and the bonds’ security, ensuring that no conditions set forth in the decision will be interpreted as a waiver of these critical rights.

Next Steps for Stakeholders

For those seeking further details regarding the results of the meeting, additional information is available on the trustee's official website. This ensures that all interested parties can remain informed about the developments and the bondholders’ collective decisions.

Contact Information for Inquiries

For more information, stakeholders can reach out to Kristupas Baranauskas, the CFO of AUGA group. He can be contacted at +370 5 233 5340 for any questions or clarifications needed regarding the recent bondholder meeting.

Frequently Asked Questions

What was the main decision made during the bondholder meeting?

The primary decision was for bondholders not to pursue early redemption of the bonds, opting instead to seek a mutually beneficial agreement.

Who is the trustee for UAB "AWG investment 1"?

UAB AUDIFINA serves as the trustee overseeing the interests of the bondholders for UAB "AWG investment 1".

What does the breach acknowledged by the bondholders entail?

The acknowledged breach relates to the default on the bonds, emphasizing that the bonds have become due and payable under specified conditions of the bond agreement.

How can stakeholders stay informed about the decisions made?

Stakeholders can check the trustee's website for updates and detailed information regarding the decisions and implications for bondholders.

Who can I contact for further questions about the bondholder meeting?

Contact Kristupas Baranauskas, CFO of AUGA group, at +370 5 233 5340 for inquiries related to the bondholder meeting and decisions.

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