The extraordinary Shareholders's Meeting of JSC Attīstības finanšu institūcija Altum (hereinafter – ALTUM) was held on August 13, 2026, in the premises of ALTUM at 4 Doma laukums, Riga. Meeting was organized by using remote connection options.
The extraordinary Shareholders' Meeting discussed issues on (i) the reclassification of specific reserve capital funding, (ii) the establishment of an ALTUM subsidiary and the acquisition of a holding and decisive influence.
The extraordinary Shareholders's Meeting decided:
1.To reclassify the special reserve capital of the Housing Guarantee Program to the reserve capital for mortgage loans for housing purchases in the regions in the total amount of EUR 5 000 000.
2. To provide conceptual support for the consideration by the Cabinet of Ministers of the matter regarding the establishment of an ALTUM subsidiary to operate as an alternative investment fund manager. The establishment of the ALTUM subsidiary will take place following receipt of the European Commission’s approval and the issuance of an order by the Cabinet of Ministers, with the final decision to be adopted at the Shareholders’ Meeting.
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.