Published: 2016-05-03 15:20:00 CEST
LHV Group
Company Announcement

AS LHV Varahaldus and Danske Capital AS entered into a merger agreement

Today, on 3rd of May 2016, asset management companies AS LHV Varahaldus and Danske Capital AS have entered into a notarised merger agreement. Pursuant to the agreement, the transferring company, Danske Capital AS, shall be deemed to be dissolved, and the receiving company shall continue its activities under the name of Aktsiaselts LHV Varahaldus. The merger is an intra-group restructuring. The merger shall become effective after the authorisation for the merger as provided in § 63 of the Investment Funds Act has been granted by the Estonian Financial Supervision Authority (Finantsinspektsioon). The merger shall expectedly be completed during Q3.

On May 2, 2016, members of the supervisory board of AS LHV Varahaldus (Erkki Raasuke, Andres Viisemann, Erki Kilu) have been appointed members of the supervisory board of Danske Capital AS and as of May 3, 2016, the members of the management board of Danske Capital AS are the same as those of AS LHV Varahaldus (Mihkel Oja and Joel Kukemelk). The former members of the supervisory and management boards of Danske Capital AS have been removed from board. The supervisory board of Danske Capital decided on outsourcing the internal audit function to AS LHV Varahaldus and its internal auditors Relika Mell and Karin Kuusk.

Agreement attached to the announcement.

         Priit Rum
         Communication Manager
         Phone: +372 502 0786
         Julia Garanža
         Communications and Marketing Manager
         AS LHV Varahaldus
         Phone: +372 5668 1622

LHV Varahaldus_Danske Capital_yhinemisleping_030516.pdf