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

5693

Submission date and time

23.09.2016 11:15:05

Content of announcement in Estonian

Title

AS-i LHV Varahaldus aktsiakapitali vähendamine

Message

AS LHV Group otsustas 23. septembril 2016 vähendada tütarettevõtja AS-i LHV
Varahaldus aktsiakapitali 12 000 000 eurolt 9 300 000 euroni, s.t 2 700 000
euro võrra. 

Aktsiakapitali vähendatakse aktsiate tühistamise teel. Tühistatavate aktsiate
arv on 2 700 000. Aktsiakapitali vähendamisel tehakse ainuaktsionärile (AS LHV
Group) väljamakse 2 700 000 euro ulatuses seaduses sätestatud tähtaja jooksul. 

Aktsiakapitali vähendamise põhjuseks on konsolideerimisgrupi tasandil kapitali
efektiivsem juhtimine. AS-il LHV Varahaldus puudub vajadus omada aktsiakapitali
olemasolevas suuruses. Õigusaktidest tulenevad nõuded on täidetud ka väiksema
aktsiakapitali ulatuse korral. 

Finantsinspektsiooni juhatus otsustas 12.  septembril 2016 anda AS-ile LHV
Varahaldus nõusolek aktsiakapitali vähendamiseks 2 700 000 euro võrra.
Väärtpaberiomanike nimekirja fikseerimise tähtpäev on 23.09.2016. 


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

Content of announcement in English

Title

AS LHV Varahaldus share capital reduction

Message

On 23 September 2016, AS LHV Group decided to reduce the share capital of its
subsidiary company, Aktsiaselts LHV Varahaldus, from 12 million euros to 9.3
million euros, i.e. by 2.7 million euros. 

The share capital is reduced by cancelling of shares. The number of cancelled
shares is 2.7 million. The share capital reduction results in capital reduction
payments to the sole shareholder (AS LHV Group) in the amount of 2.7 million
euros within the time period set by the law. 

The reason for reducing the share capital lies with managing the capital more
efficiently on the level of the consolidation group. AS LHV Varahaldus is not
required to keep the share capital in the present size. The legal requirements
are fulfilled as well with the reduced share capital. 

The Management Board of the Financial Supervision Authority decided on 12
September 2016 to give permission to AS LHV Varahaldus to reduce its share
capital by 2.7 million euros. The list of shareholders entitled to receive the
payments arising from the reduction of the share capital has been fixed as at
23 September 2016. 


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