Attīstības finanšu institūcija Altum
Decisions of general meeting
JSC Development Finance Institution Altum regular shareholder meeting decisions
Inside information, 2019-04-29 13:42 CEST --
The regular shareholder meeting of JSC Development Finance Institution Altum (hereinafter – the Company), the parent company of JSC Development Finance Institution Altum Group (hereinafter – the Group), took place on 29 April 2019 at 13:00 hours in the premises of the Company at 4 Dome Square, Riga. The regular shareholder meeting made decisions on (i) approval of the Group’s annual report for the year ended on 31 December 2018, (ii) approval of the Company’s annual report for the year ended on 31 December 2018, (iii) approval of the Company’s profit of EUR 4.462 million for the year 2018 and capitalizing it in full as the Company’s reserve capital, as well as (iv) approval of the Company’s retained earnings of EUR 0.79 million for the prior periods and capitalizing it in full as the Company’s reserve capital and (v) issue of transferable debt securities.
JSC Development Finance Institution Altum is a Latvia state-owned company that ensures access of the enterprises and households to the financial resources by means of support financial instruments - loans, guarantees, investments in venture capital funds - in the areas defined as important and to be supported by the state, thus developing the national economy and enhancing mobilization of the private capital and financial resources. On 25 March 2019 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was upgraded to investment grade rating baa3. The assigned Moody’s rating of Altum is one of the highest credit ratings assigned to corporate entities in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga. ALTUM was the winner of Stock Exchange Event of the Year award in Nasdaq Baltic Awards 2019.
AS Attīstības finanšu institūcija Altum Investors Relationships Division
Tel.: +371 67774023, +371 26165699