LHV Group's Recent Share Acquisitions
LHV Group recently announced that it has been actively acquiring its own shares on the Nasdaq Tallinn Stock Exchange over a specific period. This move showcases LHV Group's commitment to strengthening its position in the market and enhancing shareholder value.
Details of the Share Acquisitions
During the period from the 5th to the 11th of September, LHV Group made several notable transactions, with the following key details:
Acquisition Summary
The group acquired shares on specific days as follows:
- Date: September 8, 2025 - Volume: 12,000 shares - Average Price: €3.51625
- Date: September 9, 2025 - Volume: 12,000 shares - Average Price: €3.50625
- Date: September 10, 2025 - Volume: 3,000 shares - Average Price: €3.50000
- Date: September 11, 2025 - Volume: 12,000 shares - Average Price: €3.49625
Strategic Justification for Share Buyback
This buyback is based on the resolution passed at LHV Group's general meeting of shareholders and complies with the guidelines established by their Supervisory Board. Such transactions not only reflect the financial health of the company but also its confidence in future performance. This strategy is a clear signal to investors and the market alike about the company’s dedicated path toward sustainable growth.
Insights into LHV Group
LHV Group stands out as the largest domestic financial group and capital provider in Estonia. With a robust portfolio, its primary subsidiaries include LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited. The Group employs over 1,100 people, serving a large clientele base of approximately 476,000 customers who rely on LHV Pank's services. Moreover, the pension funds managed by LHV cater to 109,000 active customers, while LHV Kindlustus ensures protection for around 177,000 policyholders.
Future Outlook and Financial Operations
With a significant banking license held in the United Kingdom, LHV Bank Limited not only offers a range of banking services but also focuses on supporting international financial technology companies. This adaptive approach to lending enables LHV Group to establish itself as a leader in the international market for small and medium-sized enterprises.
Regular Updates and Financial Transparency
LHV Group emphasizes a transparent approach to its financial operations. As part of their commitment to their investors, they pledge to disclose summary data of these acquisitions no later than the seventh trading day after each transaction. This data is made available through the Nasdaq Tallinn system and on LHV Group’s investor website, ensuring that all stakeholders are kept informed about important developments.
Contacting LHV Group
For any inquiries or further information regarding the recent share acquisitions, the following contacts are available:
Investor Relations
Contact: Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
Email: stenhans.jakobsoo@lhv.ee
Communications
Contact: Paul Pihlak
Head of Communications
Email: paul.pihlak@lhv.ee
Frequently Asked Questions
What is the purpose of LHV Group's share buyback?
The share buyback is aimed at enhancing shareholder value and strengthening the company's position in the market.
How many shares did LHV Group acquire during the specified period?
During this period, LHV Group acquired a total of 39,000 shares across multiple days.
What is the average price per share in the recent acquisition?
The average prices per share varied slightly, with the highest at €3.51625 and the lowest at €3.49625.
Where can I find more information about LHV Group's financial operations?
Additional information can be accessed through LHV Group’s investor website or by contacting their investor relations.
Who can I contact for investor relations at LHV Group?
You can reach out to Sten Hans Jakobsoo, Head of Investor Relations, via email at stenhans.jakobsoo@lhv.ee.
