JSC Development Finance Institution Altum - Decisions Passed by Extraordinary Shareholder Meeting
Inside information, 2022-12-02 14:18 CET --
The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – the Company) was held on December 2, 2022 9.00 a.m. in the premises of the Company at Dome Square 4, Riga. Meeting was organized by using remote connection options.
The shareholders' meeting discussed issue of granting support under the Energy Grant programme to a related party of the Company.
The following decisions were made in the shareholder meeting:
1. To support granting support under the Energy Grant programme to a related party of the Company
JSC Attīstības finanšu institūcija Altum (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
Tel.: +371 26165699