Notification of transaction with associated person
Summary
(hereinafter the Lender) have on 13.11.2024 entered into a loan agreement, whereunder Amber Trust II S.C.A. The transaction is driven by the need to enhance the liquidity position of PRFoods group and the fact that finding alternative financing sources has proven difficult. By strengthening the liquidity position of the group companies, the loan also supports PRFoods plan for restructuring of its obligations. For the purposes of securing the fulfilment of the obligations of Saaremere Kala AS arising under the loan agreement referred to above, the following security interests have been created in favour of the Lender: 1. security assignment of the deferred receivables (in the aggregate amount of EUR 405,000 payable in two tranches in the amount of EUR 155,000 and EUR 250,000 on 10.01.2025 and 10.01.2026 respectively) arising under the sales agreement dated 01.12.2023 (and the annex thereto dated 06.12.2023) between Saaremere Kala AS as seller and O\xdc Saare Fishexport as purchaser in accordance with claims assignment agreement dated 13.11.2024 between Saaremere Kala AS as assignor and the Lender as assignee; and 2. pledge over shares held by PRFoods in AS TFTAK (registry code) in accordance with pledge agreement dated 13.11.2024 between PRFoods as pledgor and the Lender as pledgee. holds a significant shareholding in AS PRFoods and the management board members of Amber Trust II S.C.A.