Notice of Early Redemption (incl. Record Date and Redemption Date) of LHV Group AT1 Bonds
24 Mayo 2024 - 8:00AM
Notice of Early Redemption (incl. Record Date and Redemption Date)
of LHV Group AT1 Bonds
AS LHV Group announces its decision to prematurely redeem the
additional Tier 1 temporary write-down notes issued on 26 June
2019, registered with ISIN code EE3300111780 (hereinafter: AT1
Bonds). The early redemption will be carried out in accordance with
the terms and conditions of AT1 Bonds, which permit full or partial
early redemption after 26 June 2024, provided that investors are
notified at least 30 days in advance and with the prior consent of
the financial supervisory authority. The European Central Bank has
granted its consent for the early redemption of the AT1 Bonds on 21
May 2024.
All 200 AT1 Bonds, each with a nominal value of EUR 100,000,
totalling EUR 20,000,000, will be prematurely redeemed. Bondholders
will receive the nominal value of the respective bonds along with
accrued and unpaid interest up to the redemption date. The amount
payable to the investor for one bond shall be EUR 102,000.
The payment date shall be 26 June 2024, and the list of
bondholders will be fixed on 25 June 2024, at the end of the
working day of the Nasdaq CSD settlement system (the record
date).
LHV Group is the largest domestic financial group and capital
provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV
Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs
over 1,100 people. As at the end of April, LHV’s banking services
are being used by 432,000 clients, the pension funds managed by LHV
have 120,000 active clients, and LHV Kindlustus protects a total of
167,000 clients. LHV Bank Limited, a subsidiary of the Group, holds
a banking licence in the UK and provides banking services to
international financial technology companies, as well as loans to
small and medium-sized enterprises.
Priit Rum LHV Communications Manager Phone: +372 502 0786
Email: priit.rum@lhv.ee