AS Grenardi Group (hereinafter – the Company) informs that on March 13, 2025 the State Enterprise Register (Uzņēmumu Reģistrs) has approved the increase in the share capital in accordance with the decision adopted in the Company’s shareholders’ meeting on February 28, 2025.

The total payment for newly issued shares amounted to EUR 1’000’000.00. The share capital was increased by issuing 10’000’000 new shares, each with a nominal value of EUR 0.10.

After the share capital increase, the Company’s total share capital is EUR 9’434’286.30, consisting of 94’342’863 dematerialized shares with a nominal value of EUR 0.10 per share, and the total paid share premium is EUR 2’460’124.52.

About Grenardi Group

AS Grenardi Group is the parent company of GIVEN and GRENARDI in the Baltics as well GOLDLIGHT in Latvia. As of December 31, 2024, AS Grenardi Group operates a total of 92 stores – of which 75 GIVEN chain stores, 7 GRENARDI chain stores and 10 GOLDLIGHT chain stores. Additionally, the Group has six online stores: www.given.lv, www.given.ee, www.given.lt, www.grenardi.lv, www.grenardi.ee and www.goldlight.lv.

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.

GOLDLIGHT is a well-known jewellery retailer in Riga, Latvia that offers its customers with wide assortment of gold, silver and diamond jewellery.