Inside information, 2018-04-25 14:56 CEST (GLOBE NEWSWIRE) -- The regular shareholder meeting of Altum Group JSC (hereinafter – the Group), the parent company of the Development Finance Institution Altum JSC (hereinafter – the Company) took place on 25 April 2018 at 14:30 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 2017, (ii) approval of the Company’s annual report for the year ended on 31 December 2017, (iii) approval of the Company’s profit of 5.884 million for the year 2017 and capitalizing it in full as the Company’s reserve capital, as well as (iv) approval PricewaterhouseCoopers SIA as the auditor of the Group’s and the Company’s financial statements for the period of 2018-2019.
The parent company of the Altum Group - JSC Development Finance Institution Altum is a state-owned company of Latvia 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 consequently enhancing mobilization of the private capital and financial resources. In June 2017 the Moody’s assigned to the Company a long-term credit rating Baa1 with a stable outlook. On 24 October 2017 the bonds issued by JSC Development Finance Institution Altum were quoted on a regulated market – Baltic Bond List of Nasdaq Riga.
Laura Lapkovska
Investor Relations Division
Attīstības finanšu institūcija Altum AS
Tel.: +371 67774023, +371 26165699
E-mail: Laura.Lapkovska@altum.lv