About partly settle accounts with the creditor second in line

 

Dear creditor of Ūkio Bankas,

17 September 2014 Reg. No.02-02-1762/1

For your information, the Kaunas Regional Court by its ruling of 16 September 2014 passed in civil case No. B2-745-254/2014 permitted BAB Ūkio Bankas to partly settle accounts with the creditor second in line for satisfaction – state enterprise Indėlių ir Investicijų Draudimas. After the coming into force of the ruling, BAB Ūkio Bankas will pay LTL 9,005,500.00 (nine million five thousand five hundred litas) to the creditor second in line for satisfaction within three business days. The amount was received after transferring the bank’s claim rights in respect of Heart of Midlothian Plc.

At the date of submission hereof, the total financial claim of the state enterprise Indėlių ir Investicijų Draudimas in respect of BAB Ūkio Bankas, as approved by the Kaunas Regional Court, amounts to LTL 929,014,408.83 (nine hundred twenty nine million fourteen thousand four hundred eight litas and 83 cents).

Please note that you, as a creditor of the bank, need not take any additional actions in connection with passing of the above-indicated ruling. If you decided to appeal against the ruling of the Kaunas Regional Court establishing the procedure for partial settlement of accounts with the bank’s creditors second in line for satisfaction, a separate appeal against this ruling should be lodged within 7 days after the receipt of this notification, that the ruling is attached to, lodging the appeal with the Court of Appeal of Lithuania through the Kaunas Regional Court

Information on the procedure of settlement of accounts with the creditors will also be placed on the website www.ub.lt.

Enclosed: a copy of the ruling of the Kaunas Regional Court of 16 September 2014 passed in civil case No. B2-745-254/2014 regarding the procedure of settlement of accounts with BAB Ūkio Bankas’ creditors second in line for satisfaction (no particulars of natural persons contained therein are provided). Ruling

Yours sincerely,

Gintaras Adomonis,

bankruptcy administrator of BAB Ūkio Bankas

person authorised by UAB Valnetas


    

 

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