Key Takeaways
- • EfTEN Real Estate Fund AS will raise a total of 0.52 million euros through a directed share issue to investors from Lithuania, according to a company announcement dated October 15, 2026.
- • The offering price is 19.59 euros per share, set as the 60-day average closing price on the Nasdaq Tallinn Stock Exchange before the Supervisory Board resolution.
- • A total of 26,797 new shares, each with a nominal value of 10 euros, will be issued, bringing share capital to 117,491,060 euros.
- • Proceeds will fund further investment activities consistent with the fund's investment strategy.
- • The issuance rests on a shareholder authorisation granted at the Annual General Meeting on 7 April 2026, valid for one year and permitting directed offerings that exclude existing shareholders' pre-emptive rights.
Summary
EfTEN Real Estate Fund AS has announced a directed share issue that will raise a total of 0.52 million euros from investors in Lithuania, according to a company release published on October 15, 2026 via GlobeNewswire. The offering is being carried out under an authorisation approved by shareholders at the fund's Annual General Meeting on April 7, 2026. That resolution empowers the Supervisory Board, for one year from adoption, to increase share capital through public and/or directed offerings, excluding the pre-emptive subscription rights of existing shareholders.
The issue price was set at 19.59 euros per share, calculated as the 60-day average closing price of the fund's shares on the Nasdaq Tallinn Stock Exchange preceding the Supervisory Board resolution. A total of 26,797 new shares will be issued, each with a nominal value of 10 euros. Following the issuance, the fund's share capital will total 117,491,060 euros.
The fund states that it intends to use the proceeds to finance further investment activities in line with its investment strategy. The release does not specify the particular assets or projects to be funded. Viljar Arakas, Member of the Management Board, is the named contact for the announcement.
The issue price was set at 19.59 euros per share, calculated as the 60-day average closing price of the fund's shares on the Nasdaq Tallinn Stock Exchange preceding the Supervisory Board resolution. A total of 26,797 new shares will be issued, each with a nominal value of 10 euros. Following the issuance, the fund's share capital will total 117,491,060 euros.
The fund states that it intends to use the proceeds to finance further investment activities in line with its investment strategy. The release does not specify the particular assets or projects to be funded. Viljar Arakas, Member of the Management Board, is the named contact for the announcement.
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