In order to further diversify the company’s funding structure, AS Grenardi Group has registered amendments to unsecured notes issue for additional EUR 2 million (total nominal value of subordinated unsecured notes 7 EUR million) with the following characteristics:

The performed changes will allow AS Grenardi Group to attract additional financing while also strengthening the capitalization ratio.

About Grenardi Group AS

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics. As of June 30, 2024, AS Grenardi Group operates a total of 81 stores – of which 74 GIVEN chain stores and 7 GRENARDI chain stores. Additionally, the Group has five online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv and www.grenardi.ee.

GIVEN is a jewellery brand that stands for joy, beauty, love, creativity, and sustainability by expressing this in its jewellery – through design, unique collections of brands, and carefully considered details, making the valuable accessible.

GRENARDI has been the leading luxury jewellery retail chain in Latvia and Estonia for more than 20 years. GRENARDI offers an extensive assortment of world-renowned luxury jewellery brands and sophisticated private collections.

Dāvis Cēderštrēms
Deputy CFO
info@grenardi.group
Tel: +371 67 796 000