Organic producer AUGA group extended the subscription period of its green bonds offering until 12 December 2019 for all investors. The decision to extend the subscription period was made at the requests of potential institutional investors.

As previously announced, being the first fully privately-owned entity in the Baltic states to issue green bonds, the company seeks to raise up to EUR 20 million via a public offering in Lithuania and Estonia.

As stated in the prospectus for the programme of the offering of bonds, approved by the Bank of Lithuania the company can issue bonds in the amount of up to EUR 60 million. The bonds will be issued in tranches and offered to private and public investors.

In the updated terms of the first tranche of bonds for the offering of up to EUR 20 million, maturity date is now set as 17 December 2024. The nominal value of one bond stays without changes as EUR 1 000, annual interest – 6 per cent. The bonds have 100% collateral coverage by the land owned and cultivated by the group companies in Lithuania.

Taking into consideration that some investors may invest material amounts into bonds, a possibility to determine a different issue price of bonds to such investors has been established in the updated terms. If the amount invested shall be at least EUR 3 million the issue price may be set lower than EUR 1 000 by the company, in consultation with the global lead manager.

The exact issue price to this category of investors will be decided by the Board of the company and announced together with the announcement on final allocation of bonds.

All other main terms and conditions in connection with the offering of bonds have not changed and remain the same as indicated by the company in its prospectus announced on 26 November 2019 and in the initial final terms, announced on 27 November 2019.

LHV bank is a global lead manager, bookrunner and arranger of the programme, Šiaulių bankas – a syndicated sales agent in Lithuania. The subscription orders may be submitted through major banks in Lithuania: Šiaulių bankas, SEB, Swedbank, Luminor. All issued bonds will be admitted to trading on the Baltic Bond List of Nasdaq Vilnius.

IMPORTANT NOTICE:

This notification is not for distribution to United States newswire services or for dissemination in the United States, Canada, Japan or Australia or elsewhere where such dissemination is not appropriate.

Distribution of this announcement and other information in connection with the public offering may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.

No offer or invitation to acquire securities of the Company is being made by or in connection with this notification. Any offering of securities to the public shall be made only on the basis of information contained in the Prospectus. The Prospectus shall be the sole legally binding document containing information on the Company and the offering of securities as well as on admission of Company’s securities to trading on regulated market AB Nasdaq Vilnius which, when published with the Final Terms of the respective Tranche Bonds and other related documents, shall be obtained from the website of the Company (www.auga.lt), as well as they shall be published on www.crib.lt, www.nasdaqbaltic.com, www.gpwinfostrefa.pl and www.gpw.pl. Additionally, for information purposes only, the Prospectus, Final Terms of the respective Bonds and other related documents shall be published on the Global Lead Manager’s AS LHV Pank website (www.lhv.ee).

Approval of the Prospectus should not be understood as an endorsement of the securities offered and admitted to trading on a regulated market. The potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities.

The Prospectus has been prepared on the basis that there will be no public offers of the Company’s Bonds, other than the offering to the public in the territories of the Republic of Lithuania and of the Republic of Estonia in accordance with the Regulation 2017/1129.

The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.