21 September 2022

In the first half of the year MAXIMA GRUPĖ, UAB revenue increased by 10.3%, but to ensure good prices for customers, the Group's EBITDA was EUR 20 million lower compared to the same period last year. This was largely due to higher electricity costs, which were EUR 23 million or 96% higher. MAXIMA GRUPĖ decided to cover this electricity price shock at its own expense.

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31 August 2022

Laimonas Devyžis resigned from the Supervisory Board of Maxima Grupė as of 30 August this year. He is replaced on the Supervisory Board by Nerijus Maknevičius, current CEO of Galio Group.

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4 July 2022

MAXIMA GRUPĖ, UAB, a company controlling the largest food retail group in the Baltics with a rating of BB+ (Stable Outlook) by S&P, issued EUR 240 million 5-year senior unsecured notes under its EMTN Programme.  

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1 July 2022

Retail grocery chain Stokrotka signed an agreement to take over 14 grocery stores that are operating in Poland in the Masovian Voivodeship. The transaction is planned to be completed until the end of 2022, subject to certain conditions to be fulfilled according to the agreement, including antitrust approval.

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27 June 2022

MAXIMA GRUPĖ, UAB, the leading retailer in the Baltic region with an expanding footprint in Central and Eastern Europe, headquartered in Lithuania and with a rating of BB+ (Stable Outlook) by S&P, has mandated Citi, J.P. Morgan, Luminor and MUFG as Joint Bookrunners to arrange a Global Investor Call scheduled on June 27th, 2022, at 1pm UKT / 2pm CET as well as a series of fixed income investor calls also starting on June 27th. A EUR300mm (expected) Reg S offering with a 5-year maturity under the Issuer's new EMTN Programme will follow subject to market conditions, with use of proceeds for refinancing of existing indebtedness and general corporate purposes. The New Notes will be senior unsecured and are expected to be rated BB+ by S&P, in line with MAXIMA GRUPĖ. FCA/ICMA stabilisation applies.

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