AB KN Energies

Equities

KNE1L

LT0000111650

Oil & Gas Transportation Services

Market Closed - Nasdaq Vilnius Other stock markets 08:44:17 2024-04-30 am EDT			5-day change	1st Jan Change
0.227 ^EUR	+0.44%		+0.89%	+12.38%

Feb. 29	SC KN Energies Reports Earnings Results for the Full Year Ended December 31, 2023	CI
Feb. 29	SC KN Energies Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	CI

Notice on the convened Extraordinary General Meeting of Shareholders of AB Klaipėdos nafta

February 25, 2022 at 07:00 am EST

We hereby inform you that on the initiative and by the decision of the Board of AB Klaipėdos nafta, legal entity code 110648893, registered address at Burių str. 19, Klaipėda (hereinafter – the Company), an Extraordinary General Meeting of Shareholders of the Company was convened on 25 February 2022 at 1:00 p.m. The meeting was held in the registered office of the Company at Burių str. 19, Klaipėda.

Extraordinary General Meeting of Shareholders of the Company, held on 25 February 2022, adopted the following resolutions:

Regarding the approval of AB Klaipėdos nafta’s Board decision to acquire the floating storage regasification unit (FSRU) INDEPENDENCE:

To approve the decision of AB Klaipėdos nafta Board, to:

1. Acquire the following floating storage-regasification unit (FSRU):

1.1. Name of the FSRU – INDEPENDENCE.

1.2. International Maritime Organization identification number - 9629536.

2. Approve the following terms for FSRU INDEPENDENCE acquisition which are predetermined in theTime Charter Party:

2.1.The Buyer shall be KN.

2.2.The Seller shall be HÖEGH LNG KLAIPEDA PTE. LTD, a company incorporated under the laws of Singapore with registered number 201 22 6551 and whose registered office is at 4 Robinson Road, #05-01 The House of Eden, Singapore 048543 or/and its parent company HÖEGH LNG LTD., a company incorporated under the laws of Bermuda with registered number 38061 and whose registered office is at Canon's Court, 22 Victoria Street, Hamilton HM12, Bermuda.

2.3.The price for the FSRU INDEPENDENCE shall be USD 153.500.000,00 (one hundred fifty-three and a half million United States dollars), which excludes value-added tax (VAT). 2.4.The FSRU INDEPENDENCE shall be purchased on an “as is where is” basis.

2.5.The FSRU INDEPENDENCE sale and purchase agreement shall be signed between counterparties no later than 6 December 2024.

2.6.The acquisition of FSRU INDEPENDENCE shall be in line with the other terms and conditions specified in the Time Charter Party, as well as market conditions, market’s best practice and standard of prudent businessman.

Head of Communication Orinta Barkauskaitė
o.barkauskaite@kn.lt, +370 611 27985

Latest news about AB KN Energies

SC KN Energies Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
SC KN Energies Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 29	CI
Transcript : SC KN Energies, 2023 Earnings Call, Feb 29, 2024	Feb. 29
Factbox-Germany builds up LNG import terminals	Jan. 10	RE
AB Klaipedos nafta has Changed its Ticker to KNE1L from KNF1L	Jan. 10	CI
AB Klaipedos nafta has Changed its Name to SC KN Energies	Jan. 10	CI
SC Klaipingos Nafta Secures the Public Tender for the Commercial Management of Four German Liquefied Natural Gas Terminals on the North Sea Coast	Jan. 08	CI
AB Klaipedos nafta Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Dec. 06	CI
Transcript : AB Klaipedos nafta, Nine Months 2023 Earnings Call, Nov 21, 2023	Nov. 21
AB Klaipedos nafta Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-18	CI
Transcript : AB Klaipedos nafta, H1 2023 Earnings Call, Aug 18, 2023	23-08-18
Transcript : AB Klaipedos nafta - Special Call	23-06-14
AB Klaipedos nafta Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-22	CI
Transcript : AB Klaipedos nafta, Q1 2023 Earnings Call, May 22, 2023	23-05-22
AB Klaipedos nafta Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022	23-02-27	CI
Transcript : AB Klaipedos nafta, 2022 Earnings Call, Feb 27, 2023	23-02-27
AB Klaipedos nafta Announces Board and Committee Changes	23-02-22	CI
AB Klaipedos nafta and Public Institution Lithuanian Energy Agency Sign Contract on Storage, Accumulation and Administration Services of Lithuanian State-Owned Light Oil Products in its Subacius Oil Terminal	23-01-02	CI
AB Klaipedos nafta Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-28	CI
Transcript : AB Klaipedos nafta, Nine Months 2022 Earnings Call, Nov 28, 2022	22-11-28
AB Klaipedos Nafta Announces Election of Audit Committee and Remuneration and Nomination Committee Members	22-11-25	CI
AB Klaipedos Nafta Announces Executive Changes	22-11-25	CI
AB Klaipedos nafta Announces Executive Changes	22-10-20	CI
UAB koncernas Achemos grupe Nominates Candidates to AB Klaipedos nafta Board	22-10-19	CI
PGNiG Natgas Books 0.5 bcm Regasification Capacity in Lithuanian LNG Terminal	22-09-30	CI

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Company Profile

Klaipedos Nafta AB is a Lithuania-based company involved in the export and import of oil products and crude oil. The Companyâs activities include transhipment of crude oil and oil products, unloads crude oil and oil products from tankers into railway cars, temporary storage of crude oil and oil products, determination of quality parameters of oil product, injects chemical additives into oil products, accepts oily water from ships, supply of fuel and water to ships and provides moors tankers. As of December 31, 2011, the Companyâs major shareholder was Lithuanian Ministry of Energy with a stake of 70.63%. On December 17, 2012, the Company registered its new subsidiary, LitGas, which specializes in the distribution of gas.

Sector

Oil & Gas Transportation Services

Calendar

06:00am - Annual General Meeting

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