Published: 2019-05-20 15:30:00 CEST
LHV Group
Company Announcement

Announcement of early redemption (incl. the record date and the payment date) of the AS LHV Group bonds

AS LHV Group announces its decision to redeem, pre-term, the subordinated bonds issued on 20 June 2014, registered under ISIN code EE3300110550 (hereinafter LHV Group 2024 subordinated bonds). Early redemption is carried out in accordance with the Listing and Admission to Trading Prospectus of the LHV Group 2024 Subordinated Bonds and the Terms of the Bonds, according to which the Bonds may be redeemed prematurely wholly or partly starting from 20 June 2019 by notifying the investors at least 30 days in advance, and upon the prior consent of the Financial Supervision Authority. With its Management Board resolution from 20 May 2019, the Financial Supervision Authority has given its consent to early redemption.

All 318 AS LHV Group 2024 subordinated bonds with a nominal value of EUR 50,000 and total value of EUR 15,900,000 will be subject to redemption. As a redemption payment, the bondholders will be paid the nominal value of the respective bonds and the calculated, but unpaid interest by the day of carrying out redemption. The amount payable to the investor for one bond shall be EUR 50,018.125.

The payment date shall be 20 June 2019 and the list of bond holders will be fixed as at 23:59 on 19 June 2019 (the record date).

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank and LHV Varahaldus. LHV employs over 400 people. LHV’s banking services are used by 174,000 clients, and the pension funds managed by LHV have more than 177,000 active clients.

Priit Rum
LHV Head of Communications
Phone: 502 0786