Investor Relations

Second Tranche

Starting April 22, 2026, VLI Timber is launching the EUR 4 million second tranche of a public bond issuance, with a total programme size of EUR 8 million. The subscription period for the second tranche is April 22, 2026 – May 6, 2026.

Purpose of the Bond Issuance

VLI Timber is issuing bonds to raise working capital for the development of a new production facility in Jonava. The plant is expected to start operations in 2027 and will increase the company’s processing capacity from 120,000 m³ to more than 300,000 m³ of wood per year. Bond proceeds will primarily be used to finance equipment procurement, a critical step in launching operations.

The company has secured EUR 8.1 million in government subsidies, covering up to 70% of eligible equipment costs. However, these funds are available only after procurement under a reimbursement model. Therefore, bridge financing through bonds is essential to complete the investment cycle.

During the first bond placement, demand reached EUR 4.2 million, with approximately 450 investors participating in the public offering. Three-quarters of investors were retail. Of all participants, 71% were from Lithuania, 11% from Latvia, and 18% from Estonia.

Retail investor orders were fully allocated, while institutional investor orders were partially allocated.

Second Tranche – Key Terms and Conditions

Key Documents

Final Terms (2nd Tranche)

Financial Statements, 2025

Investor Presentation (2nd Tranche)

Information document

Information Document (Consolidated Version)

Supplement to Information Document

Supplement No 2 to Information

Supplement No 3 to Information Document

Articles of Association

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First Tranche

Starting May 14, 2025 Vli Timber is launching a public bond issuance in the total amount of EUR 8 M, distributed across two tranches of EUR 4 M each. The subscription period of the first tranche is 14 May 2025 – 28 May 2025.

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During the bond placement, demand reached EUR 4.2 million, with approximately 450 investors participating in the public offering. Three-quarters of them were retail investors. Of all participants, 71% were from Lithuania, 11% from Latvia, and 18% from Estonia.

Retail investor orders were fully allocated, while institutional investor orders received partial allocations.