Vilnius Stock Exchange to list Apranga APB corporate bond issue

10.06.2005 VLN

Such a decision was made at the VSE Management Board meeting on June 10, 2005.

A two-year issue of 200,000 corporate registered bonds at LTL 100 (EUR 28.96) face value of Apranga APB is admitted to the Debt Securities List of the VSE. The total nominal value of the issue amounts to LTL 20,000,000 (EUR 5,792,400). The corporate bond issue was registered with the Lithuanian Securities Commission on June 6, 2005 (securities’ registration act No AB – 5289). The bonds will be redeemed on June 15, 2007. The bonds give a right to annual interest of 4%.

The core activity of the company is retail and wholesale trade in wearing apparel. According to the consolidated financial statements of Apranga APB, on December 31, 2004, the authorized capital of the company amounted to LTL 8,822,990 (EUR 2,555,315), shareholder equity equaled LTL 44.282 million (EUR 12.82 million). In 2004 and 2003, the company’s consolidated net profit stood at LTL 6.08 million (EUR 1.76 million) and LTL 5.46 million (EUR 1.58 million) accordingly.

As of April 29, 2005, the company had 756 shareholders. The largest shareholders (holding more than 5% of all company votes) are the following: MG Baltic Investment UAB (Lithuania) (52.46%), investors represented by Hansapank AS (Estonia) (13.61%), Skandinaviska Enskilda Banken AB (Sweden) (7.34%). 

For more information:
Saulius Malinauskas, Director of Listing Deparment, Vilnius Stock Exchange          +370 5272 1406,
saulius.malinauskas@nasdaqomx.com

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