News

01
02.2022

LATVIAN FOREST COMPANY'S PREMIUM ISSUE SUBSCRIBED

Latvian Forest Company AB (publ) (“Latvian Forest Company” or “the Company”) will receive approximately SEK 25 million before issue costs, which are estimated to amount to SEK 0.5 million, through the Company's recently completed rights issue of Class B shares. The issue was oversubscribed with a subscription ratio of 154 percent.

The subscription period in Latvian Forest Company's new issue of Class B shares with preferential rights for existing shareholders ended on January 28, 2022. In total, the issue was subscribed for at 154.2 percent, of which 93.7 percent was with the support of subscription rights and 60.4 percent was without the support of subscription rights.

In accordance with the principles set out in the prospectus, the Board has allotted all shares in the issue, a total of 3,333,047 Class B shares, of which 3,123,560 Class B shares were subscribed for with preferential rights and 209,487 Class B shares were without preferential rights.

Those who have been allotted shares subscribed for without preferential rights will be notified of this by sending a settlement note. Payment must be made no later than the day stated in the settlement note. If payment is not made on time, shares may be transferred to another subscriber. No notice is given to the person who has not received the award. Nominee-registered shareholders are notified of the allotment in accordance with the respective nominee's routines.

Trading in paid subscribed shares (“BTA”) is currently conducted on the Spotlight Stock Market and will continue until the issue is registered with the Swedish Companies Registration Office when BTA is converted into ordinary shares. Registration of the issue is expected to take place in February 2022.

When the rights issue has been registered with the Swedish Companies Registration Office the Company's share capital will amount to EUR 4,106,436 (rounded) and the total number of shares to 36,663,521,330,474, of which 36,583,521 will be Class B shares

The issuing institution in connection with the issue is AktieInvest FK AB. HWF Advokater AB is a legal advisor.

Latvian Forest Company AB (publ) is required to publish this information in accordance with the EU Market Abuse Regulation. The information was submitted through the care of the above contact person, for publication on February 1, 2022 at 10.00 CET.

For further information contact

Aleksandrs Tralmaks, VD

+37129203972

info@latvianforest.se

Or visit our website: www.latvianforest.se

About Latvian Forest Company

Latvian Forest Company AB (publ) is a Swedish listed company that acquires, sells and conducts forestry on reasonably-valued forest in Latvia. The three main foundations of the business are, in addition to the fact that forest is a sought-after real asset that grows on its own;

  • an expected increase in price levels for Latvian forestry and agricultural properties
  • to create value increase through active forest management
  • to create value increase by building up a larger property portfolio.

IMPORTANT INFORMATION

This press release is not an offer to sell or acquire securities in the Company and investors shall not subscribe for or acquire any securities other than on the basis of information in the growth prospectus regarding the Offer.

This press release is not provided, and may not be disseminated in or sent to, the United States, Australia, Canada, Japan or any other jurisdiction where such dissemination would be prohibited or require registration or other action. The securities described in this communication do not have and will not be registered in accordance with the then-current United States Securities Act of 1933 (the "Securities Act") and therefore may not be offered or sold in the United States without being registered or covered by an exemption from registration under the Securities Act and in accordance with applicable securities laws of US states. The Company does not intend to register any offer in the United States or to make any public offering of securities in the United States.

This communication may contain certain forward-looking statements. Such statements are all statements that do not relate to historical facts, and they contain expressions such as "consider", "appreciate", "expect", "wait", "assume", "anticipate", "intend", "can", "continue", "should" or similar. The forward-looking statements in this Communication are based on various estimates and assumptions, which in several cases are based on additional assumptions. Although the Company considers that these assumptions were reasonable when they were made, such forward-looking statements are subject to known and unknown risks, uncertainties and other significant factors that are difficult or impossible to predict and which are beyond the Company's control. Such risks, uncertainties and material factors may cause the actual results to differ materially from the results expressly or implicitly stated in this communication through the forward-looking statements. The information, perceptions and forward-looking statements in this notice are valid only as of the date of this notice and are subject to change without notice.

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