At the EfTEN Real Estate Fund AS Annual General Meeting held on 8 April 2025, the shareholders authorised the Supervisory Board, for one year from the adoption of the resolution, to decide on increasing the fund’s share capital by carrying out public and/or private offerings, excluding the pre-emptive subscription rights of existing shareholders.
Based on this resolution, the fund will conduct a directed share issue and raise a total of 1.6 million euros, mainly from Lithuania. The share price was set as the 60-day average closing price of the fund’s share on the Nasdaq Tallinn Stock Exchange preceding the resolution of the Supervisory Board resolution, i.e 19,11 euros per share.
A total of 84,506 new shares will be issued based on the resolution of the supervisory board, with a nominal value of 10 euros per share, resulting in a new share capital of 115,248,460 euros.
The fund plans to use the proceeds from the share issue to finance further investment activities based on the fund’s investment strategy.
