Decisions of extraordinary shareholders’ meeting of JSC Attīstības finanšu institūcija Altum
Inside information, 2021-09-09 12:03 CEST --
The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – the Company), the parent company of JSC Development Finance Institution Altum Group (hereinafter – the Group), was held on September 8, 2021 from 9:00 until 10:00 a.m.
Decisions of the extraordinary shareholders’ meeting:
On an issue of transferable debt securities (bonds) in the form of issuance programme, registering the bonds with Nasdaq CSD SE and quoting them on the Nasdaq Riga Bonds List for a total nominal value of up to EUR 75,000,000;
On authorization of the Company’s management board to sign all the necessary documents related with the issue of bonds
On authorization of the Company’s management board to set the description of the bonds issue
On coordination of granting state support (financing) under Energy Efficiency Programme for Private Houses for a person related with the Altum Audit Committee member.
JSC Development Finance Institution Altum is a Latvia state-owned company that ensures access of the enterprises and households to the financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 25 March 2019 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was upgraded to investment grade rating baa3. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.
AS Attīstības finanšu institūcija Altum Investors Relationships Division
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