Announcement of Premature Redemption (incl. Record Date and Payment Date) of LHV Group T2 Subordinated Bonds
AS LHV Group announces its decision to prematurely redeem the subordinated bonds issued on 28 November 2018, registered under ISIN code EE3300111558 (hereinafter LHV Group 2028 Subordinated Bonds). The early redemption is carried out in accordance with the Base Prospectus and its supplements, the Terms and Conditions and the Final Terms of the 1st and 2nd Series of the LHV Group 2028 Subordinated Bonds, according to which the bonds may be prematurely redeemed , in whole or in part, after 28 November 2023 provided that the investors are notified at least 30 days in advance and with the prior consent of the financial supervision authority. The European Central Bank has approved its consent for the premature redemption of the LHV Group 2028 Subordinated Bonds on 23 October 2023.
All 40,000 of the AS LHV Group 2028 Subordinated Bonds under Series 1 and 2 with a nominal value of EUR 1,000 and total value of EUR 40,000,000 will be subject to premature redemption. As a redemption payment, the bondholders will receive the nominal value of their respective bonds along with any accrued interest up to the redemption due date which is 28 November 2028. The amount payable to the investor for one bond shall be EUR 1,015.
The payment date shall be 28 November 2023 and the list of bondholders will be fixed at the end of the working day of the Nasdaq CSD Settlement System on 27 November 2023 (the record date).
LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s key subsidiaries are LHV Pank, LHV Varahaldus and LHV Kindlustus in Estonia, and LHV Bank in the United Kingdom. The Group employs over 1,020 people. As at the end of September, more than 407,000 clients were using LHV’s banking services, LHV’s pension funds had 125,000 active clients, and 160,000 clients were covered by LHV Kindlustus. LHV Bank holds a banking licence in the United Kingdom and provides banking services to international financial technology companies, as well as loans to small and medium-sized enterprises.
Priit Rum
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