Agrowill Group
Group companies of Agrowill Group, AB fulfill its obligations according restructuring plans and continue payments to the creditors
DGAP-News: Agrowill Group 02.12.2014 / 08:55 --------------------------------------------------------------------- Subsidiary agricultural companies of Agrowill Group - ŽŪB 'Agrowill Kairėnai', ŽŪB 'Agrowill Spindulys' ir ŽŪB ' Agrowill Vėriškės', ŽŪB 'Agrowill Skėmiai' finished their settlement with creditors under restructuring procedure. Final instalment of LTL 2.85 million was paid this week to the creditors of these companies (the first part of payment was paid in December, 2013). Creditors of remaining subsidiary agricultural companies of Agrowill Group (ŽŪB 'Agrowill Alanta', ŽŪB 'Agrowill Smilgiai', ŽŪB 'Agrowill Mantviliškis', ŽŪB 'Agrowill Lankesa', ŽŪB 'Agrowill Dumšiškės', ŽŪB 'Agrowill Jurbarkai', ŽŪB 'Agrowill Eimučiai', ŽŪB 'Agrowill Žadžiūnai', ŽŪB 'Agrowill Nausodė', ŽŪB 'Agrowill Želsvelė') this week have received 15 percent of their creditor's amount - LTL 1.05 million under restructuring procedures. Creditors of these agricultural companies will receive the remaining 85 percent of their creditor's amount - LTL 6.24 million in December, 2015, according to the restructuring plans. The final settlement (remaining 85 percent of creditor's amount, i.e LTL 10.22 million) with the creditors of Agrowill Group, AB according to the restructuring plan will take place not later than 7th April, 2015 (the first part of payment - 1,846 mln. LTL was paid in April, 2014) Agrowill Group, AB informs that payments to the creditors of Agrowill Group, AB and it subsidiary companies will be carried out as it is foreseen in the restructuring plans of each company. On the last year of restructuring process, i.e 2015 it will be paid the remainder - 85 percent of creditors claims LTL 16.46 million. Vladas Bagavičius Member of the Board tel. +370 610 31807 News Source: NASDAQ OMX --------------------------------------------------------------------- 02.12.2014 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Agrowill Group Lithuania ISIN: LT0000401309 End of News DGAP News-Service --------------------------------------------------------------------- 301451 02.12.2014
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