We hereby inform you that on the initiative and by the decision of the Board of AB Klaipėdos nafta, code 110648893, registered at Burių st. 19, Klaipėda (hereinafter, the “Company”), an extraordinary general meeting of shareholders of the Company was convened on 11 November 2014 at 13.00 p.m. The meeting was held in the registered office of the Company at Burių st.19, Klaipėda.
Agenda of the meeting:
“On provision of security measures to Hoegh LNG Klaipėda in compliance with the Time Charter Party (Lease of a Floating Storage and Regasification Unit in conjunction with maintenance and operation services) of 2 March 2012.”
Decision adopted:
“To approve the decision of AB Klaipėdos Nafta Board:
1. To sign a loan contract with Nordic Investment Bank (hereinafter – NIB), according to which:
1.1. loan amount – up to 34 754 402 (thirty four million seven hundred fifty four thousand and four hundred two) euros (120 000 000 (one hundred twenty million) litas);
1.2. the final repayment date of the loan – till the first half of year 2034;
1.3. interest rate: variable interest rate;
1.4. the duty of AB Klaipėdos Nafta to provide a sovereign guarantee that ensures principal and interest payment obligations of AB Klaipėdos Nafta according to the loan contract.
2. To instruct and authorize the General Manager of AB Klaipėdos Nafta to adopt decisions regarding credit conditions, including but not limited:
2.1. decisions regarding loan margin level;
2.2. decisions regarding the size of disbursed amount and its repayment conditions.
3. To establish that AB Klaipėdos Nafta Board‘s abovementioned decision provided for in paragraph 1 and 2, shall enter into force after it is approved by AB Klaipėdos Nafta General Meeting of Shareholders, as provided for in AB Klaipėdos Nafta Statutes, article 16:10.“
Marius Pulkauninkas, Director of Finance and Administration Department, tel.: +370 46 391 763