The extraordinary shareholder meeting of JSC Development Finance Institution Altum (hereinafter – ALTUM) was held on September 1st, 2025, in the premises of ALTUM at Dome Square 4, Riga. Meeting was organized by using remote connection options.
The extraordinary shareholders' meeting discussed issues on
1. On the composition of the Supervisory Board.
2. On the temporary appointment of the Member of the Supervisory Board.
3. On the permission to combine positions for the Member of the Supervisory Board.
4. On the composition of the ALTUM Audit Committee.
The following decisions were made in the extraordinary shareholder meeting:
1. Ansis Grasmanis ceases to perform his duties as the Member of the Supervisory Board of ALTUM from September 1, 2025.
2. Ilze Lore is appointed as the temporary Member of the ALTUM Supervisory Board.
3. The information provided by the Ministry of Economics regarding the permission for Ilze Lore to combine her position with the position of ALTUM Supervisory Board Member has been taken into consideration.
4. Ansis Grasmanis will leave his position as the Member of the ALTUM Audit Committee from September 1, 2025.
JSC Attīstības finanšu institūcija Altum (JSC Development Finance Institution Altum) is a Latvian 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 28 January 2025 Moody’s Ratings affirmed Altum’s Baa1 long-term issuer rating, with outlook stable. The rating as well as the short-term issuer rating at P-2, the same as affirmed on 2 February 2024. ALTUM is rated by Moody’s Finance Companies Methodology, published in July 2024. On 24 October 2017 the bonds issued by Altum were listed on a regulated market – Baltic Bond List of Nasdaq Riga.