Extraordinary shareholders’ meeting of the joint stock company Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) (hereinafter – the Company), the parent company of JSC Attīstības finanšu institūcija Altum Group (hereinafter – the Group), was held on 23 December 2021 from 12.30 to 14.00.

The following decisions were made in the shareholder meeting:

1.  to elect the Audit Committee to a three year term as from 03 January 2022. The committee will be made up of chairwoman Gunta Darkevica, and will also include committee members Ilze Baltābola and Nils Sakss;
2.  to take note of the operational results of the 2^nd and 3^rd generation venture capital funds and parameters of the 5^th generation venture capital instrument.

JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvia 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 Moody’s Investors Service (Moody’s) reconfirmed Altum’s Baa1 long-term issuer rating, with outlook stable. 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 corporate entities 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 26165699
         E-mail: Laura.Lapkovska@altum.lv