Company Type Category Disclosure time AS BALTIKA Company Release Other corporate action 28 Jul 2023 16:30:00 +0300
Currency
Transaction with related parties Title
AS Baltika (hereinafter "Baltika") hereby notifies investors of the following related parties transaction.
Baltika and its shareholder KJK BLTK Holding AS have entered into a loan agreement effective from 26.07.2023, whereby KJK Fund SICAV-SIF, through its wholly-owned subsidiary KJK BLTK Holding AS, grants a loan in the amount of 600,000 euros with an interest rate of 6.0% per annum and a maturity date of 31.12.2024. The loan is unsecured and is intended to finance Baltika's business activities and support liquidity.
As KJK BLTK Holding AS holds a significant stake in Baltika and is a 100% subsidiary of KJK Fund SICAV-SIF, and KJK Fund SICAV-SIF board members Lauri Kustaa Äimä and Jaakko Sakari Mikael Salmelin are members of Baltika's supervisory board, the above-mentioned transaction qualifies as a related party transaction and is not considered a significant transaction under the Nasdaq Tallinn Stock Exchange rules.
Margus Olesk Member of the Management Board, CFO [email protected] (https://www.globenewswire.com/Tracker?data=z5qtwZLqdeWghADPR2OX5vzaX6FWhOWIEjB1 GfmT_wgBcQHRqzlVZDJ8kp6bx9GfbUdK10qvJrj7LOUdjXbA24hjlDoH7WtHOI5e74ettu21blfgp9KpaP1IgbtVvh_)
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