Riga, Latvia, 2017-01-20 15:38 CET (GLOBE NEWSWIRE) --
On 10 January 2017 SIA „Acme Corporation” published notice on redemption prior to maturity date on 30 January 2017 of all Bonds issued by SIA „Acme Corporation” (https://cns.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=753481&messageId=944867).
In order to prevent potential misunderstandings that may arise due to technicalities in the procedures of payment of accrued interest and repayment of the principal amount of the Bonds, and the persons entitled to receive these payments, SIA „Acme Corporation” hereby makes the following clarifications:
1) in the cases stipulated in the law SIA „Acme Corporation” is required to withhold the corporate income tax or individual’s income tax from the payment of interest made by it to the Bondholder in respect of which SIA „Acme Corporation” is subject to the tax withholding obligation. Therefore, in these cases on the Coupon payment date the affected Bondholder will receive the sum of the accrued interest reduced by the amount of the tax withheld;
2) in case the Bonds have been recorded in the Bondholder’s financial instruments account after 23 January 2017, on the Coupon payment date the relevant Bondholder will be paid only the outstanding par value of the Bonds recorded in the Bondholder’s financial instruments account after 23 January 2017, while the interest accrued on these Bonds will be paid to the Bondholder in whose financial instruments account these Bonds were recorded on 23 January 2017.
Having regard to the above, SIA „Acme Corporation” communicates the following additional information to the notice of 10 January, 2017:
In accordance with Nasdaq Riga Rules on inclusion and trading of financial instruments on the stock exchange regulated markets and Sections 5.11. and 6.2. of SIA „Acme Corporation” Bond Prospectus of 29 June, 2010, (as amended), the issuer, SIA „Acme Corporation” (the „Issuer”), hereby notifies all holders of the Bonds („Bondholders”) that on the next Coupon payment date, i.e. on 30 January, 2017, the Issuer will redeem all Issuer’s outstanding Bonds (including the Bonds held by the Issuer itself). The redemption will be carried out by paying to all Bondholders (other than Issuer itself) on the Coupon payment date the entire outstanding par value of the Bonds and the interest accrued on the Bonds until the Coupon payment date. The outstanding par value of the Bonds is EUR 1071.88 (one thousand seventy one euros and 88 euro cents) per Bond and the amount of the accrued interest is EUR 8.04 (eight euros and 04 euro cents) per Bond. Thus, the total amount that will be paid to each Bondholder (other than the Issuer itself) on redemption of the Bonds will be EUR 1079.92 (one thousand seventy nine euros and 92 euro cents) per Bond. (The Bonds held by the Issuer itself will be redeemed without payment since the Bondholder and the redeemer of these Bonds is the same person).
In the cases stipulated in the law SIA „Acme Corporation” is required to withhold the corporate income tax or individual’s income tax from the payment of interest to the Bondholder in respect of which SIA „Acme Corporation” is subject to the tax withholding obligation. Therefore, in these cases on the Coupon payment date the affected Bondholder will receive the sum of the accrued interest less the amount of the tax withheld.
In case the Bonds have been recorded in the Bondholder’s financial instruments account after 23 January 2017, on the Coupon payment date the relevant Bondholder will be paid only the outstanding par value of the Bonds recorded in the Bondholder’s financial instruments account after 23 January 2017, while the interest accrued on these Bonds will be paid to the Bondholder in whose financial instruments account these Bonds were recorded on 23 January 2017.
In accordance with Regulation (EU) 596/2014 of the European Parliament and of the Council of 16 April, 2014, on market abuse (market abuse regulations) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC, and Commission Implementation Regulation (EU) 2016/1055 of 29 June, 2016, laying down implementing technical standards with regard to the technical means for appropriate public disclosure of inside information and for delaying the public disclosure of inside information in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, the information notified by the Issuer pursuant to this Notice constitutes the Issuer’s inside information.
This information has been provided to the media on 20 January, 2017, at the time specified by Nasdaq Riga on its webpage: http://www.nasdaqbaltic.com/market/?pg=news&lang=en.
Aiga Hercoga
SIA „Acme Corporation” authorized person
Phone: +371 67333504
e-mail: Aiga@rbm.lv