News

APF Holdings (NASDAQ: EGG), one of the leading egg producers in the Baltic region, today proudly announces the commencement of construction site preparations for its state-of-the-art sorting, egg processing, and warehouse facilities in Aluksne. This significant milestone underscores our dedication to investors and marks the realization of our ambitious investment goals outlined in our recent Initial Public Offering (IPO).

Today, at 10:00 AM, the shares of AS APF Holdings (hereinafter - APF) began trading on the Nasdaq Riga Stock Exchange. The listing was initiated following the initial public offering (IPO) of APF, which concluded on November 3. The share price at the commencement of listing was €5.11. The shares are included in the First North list, and their trading symbol is "EGG."

AS APF Holdings (hereafter - APF) in its initial public offering (IPO), which concluded on Friday, November 3rd, has attracted 107% of the investment target, which amounts to 5 624 204 euros. The IPO target price per share was 5.11 euros, with a goal of 5 252 722 euros. In total, 2 128 investors participated in the IPO, and two Latvian pension funds also acquired a significant portion of the shares issued.

Citadele group’s asset management company IPAS CBL Asset Management, on behalf of its state-funded pension plan CBL Aktivais, has expressed readiness to acquire a significant number of JSC APF Holdings (hereinafter – APF) shares under the initial public offering (IPO).

JSC APF Holdings (hereinafter referred to as APF), currently undergoing an Initial Public Offering (IPO), will be listed on the stock exchange under the stock symbol EGG. The symbol has been chosen to send a clear message to investors about the company's core business - egg production. APF's IPO will close on Monday, October 30, and investors are invited to submit subscription orders for the shares to their online banks by 12:00 in order to allow the banks to process them in time..

SIA Aluksnes Putnu Ferma, a company of the JSC APF Holdings (hereinafter - APF) group of companies, has started the installation of its own solar park. The park is currently undergoing installation works and will have a capacity of 250 kWp when put into operation, which will be provided by 384 solar panels. The total investment in the solar park is more than €240,000.

SIA Aluksnes Putnu Ferma, which is a part of JSC APF Holdings (hereinafter – APF), on Friday, October 20, received a decision of the Rural Support Service (hereinafter – LAD) on approval of the project application, during which, the company, meeting all requirements for the support, will receive EUR 2 million for funding its development plans. APF currently is implementing its initial public offering (IPO) and the LAD funding will significantly improve the economic grounds for implementation of APF investment plans.

The initial public offering (IPO) of APF Holdings (hereinafter APF) shares starts today at 10 a.m., and any resident of Latvia, Estonia and Lithuania, as well as institutional investors, can subscribe for the new APF shares until 3:30 p.m. on October 30. The price per share is EUR 6.81 and the minimum investment is one share. APF is a group of companies comprising one of the largest poultry and egg production companies in Latvia, SIA Alūksnes Putnu Ferma, and poultry and rearing company SIA Preiļu Putni.

International investment research company Enlight Research, that is regularly engaged in evaluating the shares of companies listed on the Baltic bourse, has valued the shares of JSC APF Holdings (hereinafter – APF) at EUR 51 million, while the value of one share is EUR 8.92. This valuation exceeds the share price set in APF Initial Public Offering – EUR 6.81.