Resolutions about changes in the management of EveryPay

The Common Meeting of Shareholders of AS LHV Team (LHC Group), held on 30 March authorised the agreement to order EveryPay AS. LHV Team disclosed the getting into into the settlement to purchase the corporation in the market announcement on 4 March.

As of 4 April, LHV Group became the sole shareholder of EveryPay AS and inter alia solved to transform the membership of the Supervisory Board. As of 4 April, all former Customers of the Supervisory Board ended up recalled and Madis Toomsalu, Erki Kilu, Kadri Kiisel and Andres Kitter were being appointed new Associates of the EveryPay AS’s Supervisory Board for a phrase of five a long time. The recently appointed Supervisory Board then selected Madis Toomsalu as the Chairman of the Supervisory Board and recalled Lauri Teder from the place of Member of the Administration Board, reappointing him again for a expression of a few yrs.

Madis Toomsalu is a Member of the Management Board of LHV Team, the Chairman of the Supervisory Boards of AS LHV Pank, AS LHV Kindlustus and AS LHV Varahaldus, a Member of the Supervisory Board of AS LHV Finance, the Chairman of the Board of Directors of LHV British isles Ltd and a Member of the Board of Administrators of Lender North. He is also Member of the Administration Board of MTÜ FinanceEstonia. He has labored at LHV considering that 2007, operated as the credit score manager of LHV Pank given that 2012, and labored as the CEO of LHV Group considering the fact that 2016. Madis Toomsalu has acquired a Bachelor’s degree in Enterprise Management from the Tallinn University of Engineering (TalTech) and a master’s degree in public sector finance. Madis Toomsalu and a particular person associated to him very own 67,195 shares of LHV Group. For the alternatives issued for 2018, 2019, 2020 and 2021, Madis Toomsalu has the ideal to purchase a full of 119,336 shares of LHV Group.

Erki Kilu belongs to the Board of Directors and is the CEO of LHV British isles Ltd. In addition, he is a Member of the Supervisory Boards of AS LHV Varahaldus and AS LHV Kindlustus. Erki Kilu has been employed at LHV due to the fact 2008. He holds a Master’s diploma in small business administration from the University of Tartu and a Master of Science’s degree in Engineering from the Institute of Laptop or computer Science of the College of Tartu. Erki Kilu retains 99,287 shares of LHV Group. He has the opportunity to get a overall of 115,630 shares of LHV Team for the selections issued for the years 2018, 2019, 2020 and 2021.

Kadri Kiisel is the Chairman of the Management Board of AS LHV Pank since 2021 and a Member of the Supervisory Board of AS LHV Finance. She managed retail banking of AS LHV Pank because 2018 as a Member of the Management Board and has also been the CEO of AS LHV Finance. From 2011, Kiisel labored as the manager of the AS LHV Pank’s Tallinn branch and considering the fact that 2017 she was the Head of Branches of AS LHV Pank. She also belongs to the Management Board of the Estonian Banking Association. Kadri Kiisel has a Master’s diploma in Money Administration from the College of Tartu. She retains 5,031 shares of AS LHV Group and has the right to purchase a total of 71,265 shares of AS LHV Team for the possibilities issued for the years 2018, 2019,2020 and 2021.

Andres Kitter has been a Member of the Management Board of AS LHV Pank considering the fact that 2013, handling the company line of money intermediaries and he also belongs to the Board of Administrators of LHV Uk Ltd. He retains a Master’s diploma from the Faculty of Economics and Company Administration of the University of Tartu. Andres Kitter holds 34,818 shares of LHV Team and has the proper to receive a whole of 67,988 shares of LHV Group for the choices issued for the decades 2018, 2019,2020 and 2021.

Lauri Teder is a person of the founders of EveryPay AS and the 1st staff given that 2013, whose job was initially to produce a technological platform and then create the total services. Below the management of Lauri Teder, EveryPay AS has become the largest digital payments system in the Baltics, which is utilized by AS LHV Pank considering the fact that 2015, as well as other major banking companies in the Baltics. Lauri Teder received a Bachelor’s diploma from the School of Economics of the College of Tartu. Ahead of signing up for EveryPay AS, Lauri Teder worked for over 7 yrs in the subject of computer software development, running several software advancement jobs. Lauri Teder retains 367 shares of LHV Team.

LHV Group is the major domestic money team and money provider in Estonia. LHV Group’s vital subsidiaries are LHV Pank, LHV Varahaldus, and LHV Kindlustus. LHV employs above 690 people today. As at February, LHV’s banking expert services are getting employed by 332,000 customers, the pension funds managed by LHV have 135,000 energetic purchasers, and LHV Kindlustus shields a full of 145,000 clients. LHV’s British isles branch delivers banking infrastructure to 200 worldwide economic companies firms, via which LHV’s payment services access customers all-around the planet.

Priit Rum
Conversation Manager
Telephone: +372 502 0786
Electronic mail: [email protected]

Maria Flores

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