OREANDA-NEWS. ELKO Grupa AS is requesting the Bondholders’ consent to one-time waiver of Clause seven of the Chapter "Limitations" of Clause 5.3 of the Bond (ISIN LV0000801892) Prospectus:

"Dividend pay-out ratio shall not be more than 30% of the previous years audited annual net profit.”

Given the strong results of 2015, the Issuer would like to propose paying higher dividend distributions than the Prospectus allows for, respectively, dividend pay-out to Equity holders of the parent company in amount of 5.5 million EUR or approximately 50% of the profit attributable to the Equity holders of the parent company.