Snaige AB - Notification on material event

AB “Snaigė” will receive a loan with guarantee from INVEGA

AB „Šiaulių bankas“ is planning to provide  AB „Snaigė“ with a 5 m.LTL loan
which will be guaranteed by UAB „Investicijų ir verslo garantijos“ (INVEGA).
The loan will be provided for the period of 5 years and will be exclusively
used to finance working capital needs of the company. INVEGA guaranteed 80% of
the loan face value. 
According to the gmanaging director of AB „Snaigė“ Gediminas Čeika, this loan
is very important for the operations of the company, especially now, when
company is preparing for the high sales season. „This long-waited financing
will revitalize operations of our company, I hope we will be able to timely
prepare for the high season and wont face production shortages, as was the case
last year“, -- said G. Čeika. „We are also pleased with the guarantee from
INVEGA, cause it demonstrates evident government‘s trust in the company“. 
The loan agreement with „Šiaulių bankas“ should be signed in the upcoming days. 

More information:
Gediminas Čeika
Managing director of AB „Snaigė“
Tel.  8- 315-56206
E-mail: gediminas.ceika@snaige.lt 
www.snaige.lt