Published: 2020-12-21 11:31:04 CET
Attīstības finanšu institūcija Altum
Decisions of general meeting

JSC Development Finance Institution Altum – Decisions Passed by Extraordinary Shareholder Meeting

Inside information, 2020-12-21 11:31 CET -- The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – the Company), the parent company of JSC Development Finance Institution Altum Group, was held on December 21, 2020 from 11:00 to 12:00 in the premises of the Company at Dome Square 4, Riga.

 

The shareholders' meeting discussed issues of (i) the operational plan and budget of the Company for year 2021, (ii) the cost estimates of the Internal Audit Division of the Company for year 2021, (iii) the operational plan of the Internal Audit Division of the Company for year 2021.

 

The following decisions were made in the shareholder meeting:

1. to approve the operational plan and budget of the Company for year 2021;

2. to approve the cost estimates of the Internal Audit Division of the Company for year 2021;

3. to approve the operational plan of the Internal Audit Division of the Company for year 2021.

JSC Development Finance Institution Altum is a Latvian 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 the international credit rating agency Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term credit rating with a stable perspective assessment. 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 capital companies in Latvia. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.

         Laura Lapkovska
         AS Attīstības finanšu institūcija Altum Investors Relationships Division
         Tel.: +371 67774023, +371 26165699
         E-mail: Laura.Lapkovska@altum.lv