Economia
Increase of Share Capital in Connection with Realisation of the Staff Options Programme and Subscription Results
The Supervisory Board of AS LHV Group decided to increase the share capital of the Company by EUR 435,619. The increase of the share capital was triggered by the need to issue new shares to staff members participating in the share options programme approved with the resolution of the general meeting on 13 March 2020. A total of 138 current and former employees of LHV participated in the issue of AS LHV Group shares, subscribing a total of 4,356,190 shares for a total of EUR 4,020,763.37. The share issue was 100% subscribed.
Decisions of the Supervisory Board of LHV Group:
All new shares issued by LHV Group within the framework of the issue of shares will be listed on the Nasdaq Tallinn Stock Exchange on the day following the day on which the Estonian Central Register of Securities (Nasdaq CSD) will rank pari passu the additionally issued shares with temporary ISIN-code with all the existing shares with the main ISIN-code.
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. LHV employs more than 1,090 people. As at the end of March, LHV's banking services are being used by 428,000 clients, the pension funds managed by LHV have 120,000 active clients, and LHV Kindlustus protects a total of 164,000 clients. LHV Bank, a subsidiary of LHV Group, holds a banking licence in the UK and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.
Priit Rum
Communications Manager
Phone: +372 502 0786
Email:
priit.rum@lhv.ee
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti