Secondary public offering of AS LHV Group shares
On 18 May 2022, the subscription period of the public offering of the additional shares of AS LHV Group started.
The shareholders of LHV Group, who were entered on the list of the shareholders of the company as of the end of the working day of the Nasdaq CSD Estonian settlement system on the 13th of May 2022, had the right of pre-emption for new shares (EE3700080742) according to the number of shares held by them. One Subscription Right per each 44 Shares was issued: holders of 1-44 shares received 1 Subscription Right, with less than 1 share didn’t receive any Subscription Rights. Subscription Right(s) were transferred to shareholders securities account and the shareholder has the option to use them to subscribe for new shares or to sell them on the stock exchange (the price will be determined by demand). If the shareholder won’t subscribe any new shares and will not sell the Subscription Rights, then the Subscription Rights will be debited after election period from securities account and you will not receive compensation etc. for this.
Pre-emption Subscription Rights may be purchased by shareholders of AS LHV Group and also by those who are not shareholders of the AS LHV Group.
During the period of 18th May – 30 th May, offers Subscription Rights are tradeable on the stock exchange, but please take into consideration that it takes at least 2 working days to complete the transactions.
Possession or purchase of pre-emption Subscription Right does not mean the subscription of new shares, for this, the order must be submitted either in SEB office or in Internet bank.
SEB clients can subscribe the additional shares of AS LHV Group until 1 June 2022 at 3 p.m.
Shares are offered for the price of 36.00 euros, of which 1 euro is the nominal value of one offer share and 35.00 euros is the issue premium. SEB Pank’s customers can subscribe the shares free of charge. Shares can be subscribed at SEB office or in the Internet bank.
LHV Group guarantees the shareholder a significant amount of shares to the extent of the pre-emption Subscription Rights, in order to receive them, the client's account must have a sufficient amount of free money at the time of submitting the subscription order, which the bank will reserve to ensure settlements.
Before doing transactions with the shares of AS LHV Group, please read the offering prospectus and other materials related to the subscription on Nasdaq webpage and Estonian Financial Supervision and Resolution Authority webpage.
The subscription order can be submitted in the internet bank (“Investments” → “Transactions with another person”) or at a bank office.
- Securities: LHV Group lihtaktsia täiendav 51
- ISIN: EE381F073647
- Transaction type: delivery
- Transaction settlement: versus payment
- Price: EUR 36.00
- Name of the counterparty: do not fill in
- Securities account of the counterparty: do not fill in
- Manager of the securities account of the counterparty: LHV aktsiaemissiooni eesõigus
- Transaction date: (date of order)
- Value date of the transaction: 03.06.2022
- Commission fee of subscription: free of charge
Important information
Please note that this notice and information is directed only to persons in Estonia. The above information on a corporate event is informative and summary in nature. This information is not to be interpreted as AS SEB Pank’s offer of securities, nor as investment consultation or advice or obligation to buy or sell securities or to perform any other transactions, directed at you. Before making any decisions based on this information, carefully read all materials concerning the offer and consider the possible risks connected with participating in the offer. We also advise you to thoroughly analyse any possible financial, legal, regulatory, accounting and tax related issues. AS SEB Pank is not liable for any consequences that may result from your participation in the offering, including in the event that your participation in a corporate event is against the terms of the offer or is subject to meeting certain prerequisites on your behalf, or in the event you forward the above information to third persons whose participation in the corporate event is against the terms of the offer or subject to meeting certain prerequisites.
