On Wednesday,
In total, LHV offered investors 745,294 new ordinary shares. The subscription period commenced on 15 September at 10.00 and concluded on 29 September at 16.00. The price of one share on offer was
745,294 new shares with the nominal value of
In accordance with the Secondary Offering, Listing and Admission to Trading Prospectus registered by the
- The offered shares were only allocated to persons who had at least one pre-emptive subscription right for LHV shares pursuant to the Nasdaq CSD settlement system as of the end of the business day of
29 September 2021 (Day of Fixation), all other orders of 744 subscribers for 46 thousand shares were cancelled; - All pre-emptive subscription rights and subscription orders of the same subscriber were summed up;
- In case the investor subscribed to shares through a nominee account and the holder of the nominee account had disclosed information requested in the Prospectus to the registrar of the
ERS and LHV Group , each such investor subscribing via a nominee account was considered as an independent investor during the allocation process (the nominee account holder is responsible for the allocation of the shares to the investor); - All subscribers who owned the same number of pre-emptive subscription rights as the number of offered shares that they subscribed to on the Day of Fixation by the corresponding person, were allocated the shares that they subscribed to in full (Guaranteed Allocation);
- Within the Guaranteed Allocation, 688,795 shares were allocated, which constitutes 92% of the total offer volume;
- All subscribers that subscribed to more offered shares than they had pre-emptive subscription rights for, were allocated shares in proportion to the number of pre-emptive subscription rights they had (as far as was mathematically possible), but not more than the number of offered shares the person subscribed to (Additional Allocation);
- Within the Additional Allocation, 56,499 offered shares were allocated, which constitutes 8% of the total offer volume
"Interest in the share issue directed to LHV's existing shareholders was high. The offer was almost two times oversubscribed. We will take great responsibility for the good result and for the capital involved. Our future investment plans are aimed at applying for an
New shares will presumably be transferred to the securities accounts of investors on
LHV Communication Manager
Phone: +372 502 0786
Email: priit.rum@lhv.ee
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