At the Annual General Meeting of AS LHV Group (hereinafter LHV Group)
shareholders held on 30 March 2022, the resolution, with effective date 30 June
2022, to amend the Articles of Association and change the nominal value of LHV
Group shares (LHV1T) from 1 euro to 0.1 euro was adopted. The new Articles of
Association shall enter into force as of the entry in the Commercial Registry
presumably on 1 July 2022. The shares with the new nominal value will be
assigned a new ISIN EE3100102203.
The change in the nominal value of LHV Group's shares does not entail a change
in the size of the share capital. As a result of the change in the nominal value
of a share, the number of LHV Group's existing shares will change. Considering
that the nominal value of shares will be 0.1 euro according to the new Articles
of Association, the number of LHV Group's shares will be increased tenfold.
LHV Group will close the list of shareholders, whose shares will go through the
reduction of nominal value on 1 July 2022 at the end of the working day of the
settlement system. Consequently, the ex-date of the change in rights connected
to the shares is 30 June 2022. From that date onwards the transactions with LHV
Group shares will be settled using the new nominal value and the new ISIN.
Additional information and important dates:
+-------------------------------------------------------+----------------------+
|Valid ISIN before the nominal value change |EE3100073644 |
+-------------------------------------------------------+----------------------+
|New ISIN after the nominal value change |EE3100102203 |
+-------------------------------------------------------+----------------------+
|New nominal value |0.1 EUR |
+-------------------------------------------------------+----------------------+
|Number of shares before nominal value change |31,542,453 |
+-------------------------------------------------------+----------------------+
|Number of shares after nominal value change |315,424,530 |
+-------------------------------------------------------+----------------------+
|The last day of trading with currently valid ISIN|presumably 1 July 2022|
|before nominal value change | |
+-------------------------------------------------------+----------------------+
|Closing of the list of shareholders |presumably 1 July 2022|
+-------------------------------------------------------+----------------------+
|First day of trading with the new ISIN |presumably 4 July 2022|
+-------------------------------------------------------+----------------------+
|Date of change in the nominal value of shares |presumably 4 July 2022|
+-------------------------------------------------------+----------------------+
LHV Group is the largest domestic financial group and capital provider in
Estonia. LHV Group's key subsidiaries are LHV Pank, LHV Varahaldus, and LHV
Kindlustus. The Group employs more than 770 people. As of May, LHV's banking
services are being used by 347,000 clients, the pension funds managed by LHV
have 130,000 active clients, and LHV Kindlustus protects a total of
148,000 clients. LHV's UK branch offers banking infrastructure to 200
international financial services companies, via which LHV's payment services
reach clients around the world.
Priit Rum
LHV Communications Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee
(https://www.globenewswire.com/Tracker?data=v14FrHq1QMnsooCd87kngNd95oWDF7h5KhIQ
23kWDGt-ADpZlUmJ9cswNNcZAAqBNcSLyXUmwNHL_PvtVsTSOg==)
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