UAB Orkela Bondholder Meeting Announcement and Details
UAB Orkela Bondholder Meeting Scheduled
UAB "Orkela" is convening a crucial meeting for its bondholders, focusing on an important decision regarding the company's bonds with ISIN code LT0000405961. The meeting is being organized at the request of UAB "Orkela" and under the guidance of the bondholders’ representative, UAB "AUDIFINA".
Meeting Details
On the date set for this gathering, the bondholders will convene at the St Jacobs Complex to discuss the future of their investments. The meeting will occur at 10:00 AM on a designated date. At this meeting, critical discussions will center on the need for an extension of the bond redemption period.
Reasons for Meeting
The company has highlighted the possibility that the completion of the St. Jacob's building complex may not adhere to the expected timeline for registration before the redemption date. Such a delay could significantly impact the company’s financial capabilities, prompting the request to extend the redemption date of the bonds from July 19, 2025, to October 19, 2025.
Financial Proposal
In order to accommodate this change, the company proposes to offer a heightened annual interest rate of 9% for the final interest period, maintaining the first-ranking mortgage on the real estate in place for bondholders. This proposal aims to safeguard the interests of all bondholders involved.
Documentation and Participation
All bondholders are encouraged to attend the meeting to voice their opinions on the proposed changes. A detailed agenda and voting ballots have been prepared and made available through the trustee's website as well as the company’s official site. This transparency ensures that all interested parties are well-informed prior to the meeting.
Voting Process
If attendance is not feasible, bondholders can participate beforehand by submitting a completed voting ballot to the trustee, which can be done through registered mail or electronically if signed with an e-signature. It is crucial for bondholders to confirm their right to vote, as stipulated.
Open Communication
For any inquiries regarding the meeting or attached documents, stakeholders are encouraged to reach out via designated email contacts. Open communication is essential for addressing any uncertainties and ensuring a clear understanding of the meeting’s proposals.
Conclusion
UAB "Orkela" appreciates the engagement of its bondholders and values their perspectives. This meeting represents a significant opportunity for bondholders to actively participate in the company's decision-making processes, ensuring their interests are represented.
Frequently Asked Questions
What is the purpose of the bondholder meeting?
The meeting aims to discuss the request for an extension of the bond redemption date and to gather input from bondholders.
When will the bondholder meeting take place?
The meeting is scheduled for 10:00 AM on a specified date. Check the official communications for the exact date.
What changes are being proposed regarding the bonds?
The company is requesting to extend the redemption deadline by three months while offering a higher interest rate of 9% for the final period.
How can I vote if I cannot attend the meeting?
Bondholders can vote in advance by submitting a completed ballot via registered mail or email with an e-signature.
Who can I contact for more information?
For questions, bondholders can reach out to the company or the trustee via their respective email contacts provided in the notice.
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