Inactive Instrument

Baltika

Equities

BLT1T

EE3100145616

Apparel & Accessories Retailers

Transaction with related parties

July 28, 2023 at 09:30 am EDT

AS Baltika (hereinafter “Baltika”) hereby notifies investors of the following related parties transaction.

Baltika and its shareholder KJK BLTK Holding AS have entered into a loan agreement effective from 26.07.2023, whereby KJK Fund SICAV-SIF, through its wholly-owned subsidiary KJK BLTK Holding AS, grants a loan in the amount of 600,000 euros with an interest rate of 6.0% per annum and a maturity date of 31.12.2024. The loan is unsecured and is intended to finance Baltika's business activities and support liquidity.

As KJK BLTK Holding AS holds a significant stake in Baltika and is a 100% subsidiary of KJK Fund SICAV-SIF, and KJK Fund SICAV-SIF board members Lauri Kustaa Äimä and Jaakko Sakari Mikael Salmelin are members of Baltika's supervisory board, the above-mentioned transaction qualifies as a related party transaction and is not considered a significant transaction under the Nasdaq Tallinn Stock Exchange rules.

Margus Olesk
Member of the Management Board, CFO
margus.olesk@baltikagroup.com

Latest news about Baltika

KJK BLTK Takes Full Control of Estonian Fashion Company Baltika	23-08-29	MT
KJK BLTK Holding OÜ completed the acquisition of AS Baltika in a reverse merger transaction.	23-08-28	CI
Baltika Controlling Shareholder to Acquire Minority Interest	23-08-28	MT
KJK BLTK Holding OÜ signed an agreement to acquire AS Baltika in a reverse merger transaction.	23-06-25	CI
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-31	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	23-04-27	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-28	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-28	CI
Estonia's Baltika, Kalaport Win Court Approval for Deal to Resolve Legal Dispute	23-01-11	MT
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-04	CI
AS Baltika Appoints Margus Olesk to Its Management Board, Effective 1 November 2022	22-10-18	CI
Baltika Sells Some of Ivo Nikkolo Trademarks, Which It Continues to Use Under an Exclusive License	22-08-08	CI
AS Baltika Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-18	CI
AS Baltika Announces Executive Changes	22-06-22	CI
AS Baltika Announces Executive Changes	22-06-22	CI
AS Baltika Auditor Raises 'Going Concern' Doubt	22-06-20	CI
AB InBev to sell interest in Russia with $1.1 billion charge	22-04-22	RE
AB InBev to sell interest in Russia with $1.1 bln charge	22-04-22	RE
Brewer AB InBev to sell its interest in Russia	22-04-22	RE
Carlsberg expects $1.4 bln Russia writedown and lowers profit guidance	22-04-21	RE
AS Baltika Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-18	CI
AS Baltika Reports Earnings Results for the Full Year Ended December 31, 2021	22-02-28	CI
AS Baltika Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	22-02-28	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-19	CI
AS Baltika Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	21-10-19	CI

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Company Profile

Baltika AS is an Estonia-based company that specializes in the design, development, production and sales arrangement of the fashion brands of clothing. The Company operates under the brands of Monton, Mosaic, Baltman and Ivo Nikkolo. Its products are traded domestically as well as in Latvia, Lithuania, Poland, Ukraine and Russia. As of end of December 31, 2011, the Company had 115 stores in six markets in the Baltics and Central and Eastern Europe. As of December 31, 2011, Baltika AS was a parent company of the Baltika group, which consisted of the Company and its subsidiaries, including Baltika Poland Sp zoo, OY Baltinia AB, Baltika Sweden AB, OU Baltika Tailor, AS Virulane, OU Baltika TP and OU Baltika Retail and its subsidiaries OU Baltman, SIA Baltika Latvija, UAB Baltika Lietuva, OOO Kompania Baltman Rus and Baltika Ukraina Ltd. . On June 21, 2012, the Company merged with its wholly owned subsidiary, AS Virulane.

Sector

Apparel & Accessories Retailers

Calendar

2024-07-17 - Q2 2024 Earnings Release (Projected)

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