AMENDMENTS TO FINAL TERMS

UPP & CO Kauno 53
Announcement from First North

AMENDMENTS TO FINAL TERMS

On 21.06.2024 UPP & CO Kauno 53 OÜ (the Issuer) submitted to the Note Investors an application for the waiver to alter Final Terms of the Terms and Conditions of UPP & CO Kauno 53 OÜ Subordinated Note Issue Dated 7th April 2017 (As amended on 16th August 2017) (the Terms) and the Collateral Agent Agreement.

The application for waiver was published on 21.06.2024 in Stock Exchange information system https://view.news.eu.nasdaq.com/view?id=b1d6458dc3f851ec83ea495876284d337&lang=en.

The final date for submitting a waiver was July 15th, 2024. According to Section 15.3 of the Terms, a waiver is deemed to be approved if the Investors who hold in aggregate the Notes with the Nominal Value representing at least 2/3 of the aggregate Nominal Value of all outstanding Notes (excluding any Notes held by the Issuer and the Related Parties) have granted the waiver. As of July 15th, 2024, the Issuer has received the consent from Majority Investors.

Hereby the Issuer notifies that as of July 15th, 2024, the new terms of the Final Terms have entered into force. The Maturity Date is July 17th, 2026, and the Interest rate is 7% p.a. starting from July 18th, 2024. The amended Final Terms in force are attached to this publication.

Siim Sild
Phone: +372 5626 0107
e-mail: [email protected]

Attachments:
Final Terms amended 06.2024.pdf