The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – the Company) was held on December 21 in the premises of the Company at Dome Square 4, Riga. Meeting was organized by using remote connection options.

The shareholders' meeting discussed issues of (i) the operational plan and budget of the Company for year 2023, (ii) the cost estimates of the Internal Audit Division of the Company for year 2023, (iii) the operational plan of the Internal Audit Division of the Company for year 2023, (iv)  Regulations for the related parties of the Company (v) Policy for providing provisions (vi) re-election of a member of the Supervisory Board (vii) permission to the member of the Supervisory Board to combine posts.

The following decisions were made in the shareholder meeting:

1. to approve the operational plan and the budget for year 2023 of JSC Attīstības finanšu institūcija Altum;

2. to approve the estimated 2023 expenditures of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum;

3. to approve the operational plan for year 2023 of the Internal Audit Division of JSC Attīstības finanšu institūcija Altum;

4. to approve Regulations for identification of the related parties of the Company

5. to approve Policy for providing provisions 

6. To re-elect Janis Snore as a member of the Supervisory Board for a new term

7. To permit member of the Supervisory Board Janis Snore to combine posts

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 16 December 2022 Moody’s Investors Service (Moody’s) reaffirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The baseline credit assessment (BCA) was reaffirmed at baa3 as well. 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