Market announcement

AS LHV Group

LEI code

529900JG015JC10LED24

Size of the entity

Large group

Economic activities

Financial and Insurance Activities

Industry sector(s)

Credit institution

Country of registered office

Estonia

General information

Categories

Other price sensitive information

Unique data record identifier

5357

Submission date and time

18.02.2016 10:33:49

Content of announcement in Estonian

Title

Muudatus LHV Varahalduse aktsiakapitalis

Message

AS LHV Group otsustas suurendada 100% LHV Groupile kuuluva tütarettevõtte AS-i
LHV Varahaldus aktsiakapitali 8,243 miljoni euro võrra põhikirja järgse
maksimumini ehk 12 miljoni euroni. Aktsiakapitali suurendatakse täiendavate
aktsiate emiteerimise kaudu AS-i LHV Varahaldus poolt 18.02.2016 ning kõik
aktsiad omandab AS LHV Group. 

Aktsiakapitali laiendamine on vajalik Danske Capital AS-i ostuks Danske Bank
A/S-ilt. Tehingu eesmärk on laiendada AS-i LHV Varahaldus äritegevust ja
seeläbi pakkuda II samba pensionifondide klientidele parimat pikaajalist
investeerimisteenust. 

Tehing Danske Capital AS-i ostmiseks viiakse eelduslikult lõpule käesoleva
aasta esimese poolaasta jooksul, kui on saadud kõik tehingu eeltingimuseks
olevad load. Tehingu lõplik hind määratakse kindlaks tehingu lõpule viimise
hetkel. 


         Priit Rum
         LHV kommunikatsioonijuht
         Telefon: 502 0786
         E-post: [email protected]

Content of announcement in English

Title

Change in the share capital of AS LHV Varahaldus

Message

AS LHV Group has decided to increase the share capital of AS LHV Varahaldus, of
which AS LHV Group is the sole shareholder, by 8.243 million euros to EUR 12
million, the maximum amount allowed by the articles of association. The share
capital will be increased by issuing new shares of AS LHV Varahaldus on
February 18, 2016. The new shares will be subscribed by AS LHV Group. 

Enlargement of share capital is needed by AS LHV Varahaldus for the purchase of
Danske Capital AS from Danske Bank A/S. The aim of the transaction is to expand
the business activities of Aktsiaselts LHV Varahaldus and thereby offer the
mandatory pension fund clients the best long-term investment service. 

The purchase of Danske Capital AS will presumably be finalized during the first
half-year, provided that all the conditions precedent to the finalization have
been fulfilled. The transaction price shall be determined upon the
finalization. 


         Priit Rum
         Communication Manager
         Telephone: +372 502 0786
         Email: [email protected]