26 September, 2018
Effective 15 October, there will be a change of management at Emperia Holding, the Polish business owned by Maxima Grupė, which runs the Stokrotka retail chain. Current CEO Dariusz Kalinowski has decided to step down as chairman of the management board and CEO. The new CEO of the company will be Arūnas Zimnickas, a member of the board at Maxima Grupė. Dariusz Kalinowski will be appointed to the supervisory board.
17 September 2018
Effective 1 October, the composition of the board of Maxima Grupė will change: Vygintas Šapokas, who until now led the Maxima retail chain in Estonia, is leaving that position and Maxima Grupė. As of October, he is moving to Spain to work and will head the Supersol retail chain in that country. The current head of Supersol, Arūnas Zimnickas, who is also a member of the board of Maxima Grupė, will from now on focus all his attention on the retail business which the group operates in Poland.
6 September 2018
Maxima Grupė, which operates retail chains in the Baltics, Poland and Bulgaria, successfully placed a EUR 300 million issue of 5-year bonds. The bonds were purchased by more than 60 investors from 14 countries. Among them – one third from Baltic and Scandinavian region, rest of them – from other European countries. Demand for the securities exceeded supply.
29 August 2019
Maxima Grupė is continuing preparations for an offering of bonds and is beginning meetings of senior management with potential investors from Continental Europe, the Nordics, the Baltics and the UK, to be held 30 August to 5 September. After the meetings with investors, bond offering will follow subject to market conditions. The planned size of the debut issue is minimum EUR 300 million and the bonds’ maturity 5 years. Listing is foreseen on the Euronext Dublin and Nasdaq Vilnius Stock Exchange.
26 July 2018
The Central Bank of Ireland has approved the Maxima Grupė’s base prospectus that was also announced on the Dublin Stock Exchange. Under the document, Maxima Grupė has the ability to issue up to EUR 1 billion bonds. If the decision is made by the company to start bonds issuance, the first emission would amount to EUR 300-400 million.