LHV Group's Recent Share Acquisitions Highlight Growth Strategy

LHV Group's Commitment to Share Acquisition

LHV Group has announced its recent transactions involving the acquisition of its own shares on the Nasdaq Tallinn Stock Exchange, showcasing its dedication to enhancing shareholder value. This significant step is part of LHV Group's broader financial strategy aimed at bolstering its market presence and aligning with shareholder interests.

Recent Share Acquisition Transactions

Between the dates mentioned, LHV Group engaged in a series of strategic share purchases, reflecting an active approach to financial management:

Details of the Transactions

During the acquisition period, LHV Group successfully acquired a total of 100,600 shares, with varying average prices recorded for each day. Below is a breakdown of this activity:

• 24 October: 6,300 shares at €3.305
• 27 October: 25,200 shares at €3.2975
• 28 October: 19,500 shares at €3.285
• 29 October: 13,200 shares at €3.2925
• 30 October: 26,400 shares at €3.2825

Strategic Purpose Behind Acquisitions

The decision to acquire its shares aligns with LHV Group's resolution from its recent general meeting, where shareholders expressed confidence in the company’s future direction. By engaging in these transactions, LHV Group aims to further solidify its market position and reassure investors of its commitment to sustainable growth.

Management's Insights

LHV Group operates under the management and oversight of AS LHV Pank, ensuring that all acquisitions are aligned with fiscal responsibility and driven by strategic foresight. The intention behind such share purchases often reflects confidence in the company's long-term strategies and operational performance.

About LHV Group

LHV Group stands out as the foremost domestic financial group and capital provider in Estonia. Its diverse portfolio includes key subsidiaries such as LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The collective workforce comprises over 1,100 dedicated employees, all driven to serve a growing customer base.

As of recent reports, LHV Pank services approximately 483,000 customers, whilst the pension funds managed by the group cater to around 107,000 active clients. LHV Kindlustus confidently offers protection to over 227,000 customers, demonstrating the robust trust in their services.

LHV Bank Limited further enriches the group’s offerings by providing banking services to international fintech firms and extending loans to SMEs, thereby reinforcing a strong foothold in both local and international markets.

Investor Relations and Communications

For stakeholders and interested parties, LHV Group maintains open channels through dedicated investor relations and communication professionals. You can reach out to Sten Hans Jakobsoo, Head of Investor Relations, or Paul Pihlak, Head of Communications, to inquire about their operations or market strategies.

Contact Information:
Sten Hans Jakobsoo
Email: stenhans.jakobsoo@lhv.ee
Paul Pihlak
Email: paul.pihlak@lhv.ee

Frequently Asked Questions

What recent actions has LHV Group taken regarding its shares?

LHV Group has acquired a total of 100,600 of its own shares on the Nasdaq Tallinn Stock Exchange as part of its growth strategy.

What is the purpose of LHV Group's share acquisitions?

The share acquisitions aim to enhance shareholder value and signal confidence in the company's long-term performance.

Who oversees the share acquisition process?

The acquisition process is managed by AS LHV Pank, which ensures that transactions align with the company's strategic objectives.

How many employees does LHV Group have?

LHV Group employs over 1,100 individuals, all dedicated to providing exceptional financial services in Estonia.

What services does LHV Bank Limited offer?

LHV Bank Limited provides banking services to international fintech companies and offers loans to small and medium-sized enterprises.

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