Extraordinary shareholders’ meeting of the joint stock company Attīstības finanšu institūcija Altum (hereinafter – the Company) was held on March 15, 2022.

During the extraordinary shareholders’ meeting, the following issue was on the agenda: On the supervisory board member,

 The shareholders’ meeting decided:

As of March 22, 2022, to re-elect Ilze Baltābola as a supervisory board member of JSC Attīstības finanšu institūcija Altum for the time until a new candidate is selected in line with the procedures of nominating supervisory board members, according to Section 31 of the Law on Governance of Capital Shares of a Public Person and Capital Companies.

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