AB VLI TIMBER (a company incorporated and operating under the laws of Lithuania, legal form: private limited liability company, code: 302440414, address: Gražiavietės g. 5, LT-29236 Kurklių II k., Kurklių sen., Anykščių r. sav., Lithuania, registered with the Register of Legal Entities of the State Enterprise Centre of Registers; VLI TIMBER) hereby informs about the following:
- VLI TIMBER and UAB „KNV industrial development LT“ (a company incorporated and operating under the laws of Lithuania, legal form: private limited liability company, code: 305935445, address: Turniškių g. 29-1, LT-10104 Vilnius, Lithuania, registered with the Register of Legal Entities of the State Enterprise Centre of Registers; KNV industrial) are undergoing a merger by the way of acquisition whereby KNV industrial is being merged into VLI TIMBER (the Merger).
- Taking into account the contemplated Merger, the Merger terms of VLI TIMBER and KNV industrial has been prepared. Based on these terms, the Merger is performed by the way of acquisition whereby KNV industrial will be merged into VLI TIMBER, which continues its operations after the merger, accordingly, VLI TIMBER will take over all the rights, obligations and assets of KNV industrial.
- It is planned that the Meger will be completed as of the day of registration of new wording of the Articles of Association of VLI TIMBER with the Register of Legal Entities. It is planned that the Merger will be completed by 15 September 2025, however, this date may change due to various circumstances.
- KNV industrial shall transfer their rights, obligations and transactions to VLI TIMBER and all this will be included in the accounting records of VLI TIMBER after the registration of the new wording of the Articles of Association with the Register of Legal Entities of VLI TIMBER as the company continuing its activities after completion of the Merger, and after signing the deed(s) of transfer and acceptance of rights, assets, transactions and capital.
- In the VLI TIMBER assessment, the process of the Merger is being carried out in accordance with applicable laws and is not expected to affect the VLI TIMBER’s ability to meet its obligations towards bondholders.
- The Merger Terms and other documents related to the Merger referred to in the Article 65(2) of of the Law on Companies of the Republic of Lithuania are available every business day from 8:00 untill 17:00 at the office of VLI TIMBER at Gražiavietės g. 5, LT-29236 Kurklių II k., Kurklių sen., Anykščių r. sav., Lithuania. Contacts for further information: phone No +370 650 47475, email info@vli.lt.
The Merger process does not affect the financial condition of VLI Timber or its ability to meet its obligations to bondholders.