Octagon International OOD and Octa Light Bulgaria EAD, Monbat Plc concluded a memorandum of understanding with the debtor companies and third parties
Financial
Head Office
32 A Cherni vrah blvd., fl. 4 | 1407 Sofia, Bulgaria
tel. +359 2 962 11 50 | fax: +359 2 962 11 46
e-mail: contact@monbat.com
Monbat Group provides a wide range of battery products and solutions for a variety of end-market applications
LEAD ACID BATTERIES
The lead acid battery business focuses on the production of lead-acid automotive and stationary batteries and their servicing. The products in this segment can be divided into the following main groups:
RECYCLING
The division operates in recycling and trading activities of
Recycling facilities are located in Bulgaria as well as in Italy, Romania and Serbia.
LITHIUM ION SOLUTIONS
The lithium-Ion business segment operates under the EAS brand and provides cells and systems based on safe and proven LFP chemistry. The adopted cylindrical cells technology and the modular-based packing approach of the battery and systems allows EAS to maintain its attractive product range of High Power (HP) batteries for selected industries such as:
Financial
Dear Investors,
With the present we would like to inform you that with respect to actions taken to collect overdue receivables from Octagon International OOD and Octa Light Bulgaria EAD, Monbat Plc concluded a memorandum of understanding with the debtor companies and third parties, which aims to regulate the mechanism of the service of the receivables.
The memorandum of understanding and the specific transactions described therein will be disclosed in accordance with the law and executed in compliance with applicable regulations, including Art. 114 of the Public Offering of Securities Act.
The memorandum of understanding is not a preliminary contract.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com