Market announcement

Liven AS

LEI code

894500FK54S8LWFWC546

Size of the entity

Large group

Economic activities

Real Estate Activities

Country of registered office

Estonia

General information

Categories

Other corporate action

Unique data record identifier

18560

Submission date and time

08.05.2026 14:00:00

Content of announcement in Estonian

Title

Liven AS-i aktsiate esmase avaliku pakkumise tulemused

Message

7. mail 2026 lõppes Liven AS-i (registrikood: 12619609, edaspidi Liven) aktsiate
esmane avalik pakkumine.

Pakkumise  käigus pakkus Liven kuni 1 495 730 uut emiteeritavat lihtaktsiat ning
Liveni  teatud väikeaktsionärid pakkusid  kuni 369 015 olemasolevat lihtaktsiat,
ehk  kokku  1 864 745 aktsiat  (Pakkumise  Aktsiad).  Liven jättis endale õiguse
ülemärkimise  korral suurendada pakutavate aktsiate mahtu kuni 854 705 täiendava
uue  emiteeritava  lihtaktsia  võrra.  Pakkumise  käigus märgiti 2 421 investori
poolt kokku 1 053 936 aktsiat 4,68 euro eest, kogumahus 4 932 420 eurot ehk 57%
Pakkumise Aktsiate mahust. Pakkumises osalenud investoritest 95% olid Eestist.

?Täname  kõiki investoreid, kes pidasid meid märkimisväärseks. Tulemus on piisav
saamaks  kasutada turul olevaid  investeerimisvõimalusi ning saavutada pikaaegne
Liveni  aktsiate  börsile  kauplemisele  toomise  siht. Pakkumist korraldades ei
olnud  me naiivsed väljakutsuva turusentimendi  osas, kuid otsustasime pakkumise
korraldamise  kasuks,  kuna  majanduse  üldine  suund on ülespoole, nõudlus uute
kodude  järele on taastumas ning  hetkel on Livenil häid investeerimisvõimalusi.
Meie olemasolevas arendusportfellis on piisavalt tööd järgmisteks aastateks ning
2026. aastal  peame jätkuvalt  realistlikuks ligi  20% müügitulu kasvu  ligi 59
miljoni euroni ning koos müügitulu kasvuga ootame ka puhaskasumi kasvu ning 20%-
lise  omakapitali puhasrentaabluse  eesmärgi ületamist,"  ütles Liveni tegevjuht
Andero Laur.

Pakkumise   Aktsiate   jaotamisel   jaotatakse   kõigile   märkimises   osalenud
investoritele  kõik nende poolt  märgitud aktsiad. Liveni  juhatus otsustas kõik
märkimiskorraldused täita uute emiteeritavate lihtaktsiatega. Pakkumise Aktsiaid
pakkunud väikeaktsionäride pakkumine jääb täies ulatuses rahuldamata.

Koos  varasemate suunatud emissioonide käigus liitunud aktsionäridega on Livenil
nüüd  üle 2 500 aktsionäri ning vabalt  kaubeldavate aktsiate osakaaluks kujuneb
16%.

Pakkumise  arveldus  on  plaanitud  toimuma  13. mail 2026 või sellele lähedasel
kuupäeval.  Liveni kõik  aktsiad on  plaanis võtta  kauplemisele Nasdaq Tallinna
Börsi Balti põhinimekirjas, mille esimeseks kauplemispäevaks on 15. mai 2026 või
sellele lähedane kuupäev.

Joonas Joost
Finantsjuht
e-mail: [email protected] (mailto:[email protected])
https://liven.ee/

Content of announcement in English

Title

Results of the initial public offering of Liven AS shares

Message

The initial public offering of the shares of Liven AS (registry code: 12619609,
hereinafter Liven) ended on 7 May 2026.

Up  to 1,495,730 new ordinary shares were  publicly offered and certain minority
shareholders  of Liven  offered up  to 369,015 existing  ordinary shares,  up to
1,864,745 shares  in total (Offer Shares). Liven  reserved the right, in case of
oversubscription,  to increase the number  of shares on offer  by up to 854,705
additional  new  issued  ordinary  shares.  During the offering, 2,421 investors
subscribed for a total of 1,053,936 shares for EUR 4.68 each, for a total amount
of EUR 4,932,420, representing 57% of the Offer Shares. 95% of the investors who
participated in the offering were from Estonia.

"We would like to thank all the investors who considered us a worthy investment.
The   result   is  sufficient  to  allow  us  to  proceed  with  the  investment
opportunities  in the market  and achieve Liven's  long-term goal of listing its
shares  on the stock exchange.  When organizing the offering,  we were not naive
about  the challenging market  sentiment, but we  decided to proceed because the
overall  economic trend is upward,  demand for new homes  is recovering, and the
company  currently has  good investment  opportunities. Our  current development
portfolio  is strong with  sufficient work for  the coming years  and in 2026 we
continue  to  view  about  a  20% increase  in  revenue  to about EUR59 million as
realistic  development and expect along with  this revenue growth an increase in
net  profit and an  exceeding the 20% return  on equity target,"  said Liven CEO
Andero Laur.

In  the allocation of  the Offer Shares,  all investors who  participated in the
subscription  will be  allocated all  of the  shares for  which they subscribed.
Liven's  management board decided to satisfy  all subscription orders with newly
issued  ordinary shares. The  offering by the  minority shareholders who offered
Offer Shares will remain entirely unsatisfied.

Together  with shareholders who joined during previous private placements, Liven
now has over 2,500 shareholders, and the free-float is 16%.

Settlement  of the offering is expected to  take place on or about 13 May 2026.
All  shares of Liven are  intended to be admitted  to trading on the Baltic Main
List  of  the  Nasdaq  Tallinn  Stock  Exchange,  with  the first day of trading
expected to be on or about 15 May 2026.

Joonas Joost
Chief Financial Officer
e-mail: [email protected] (mailto:[email protected])
https://liven.ee/