EfTEN Real
Estate Fund AS
Public Offering of
Additional Shares

Subscription period 21.11.2024 – 06.12.2024

How?Read the terms When?See the timeline
argument

35 commercial
properties
in the Baltics

argument

Historically
stable
dividend

argument

Low
portfolio
vacancy

Terms

Instrument name EfTEN Real Estate Fund AS share
Subscription period 21.11.2024 at 9:00 to 06.12.2024 at 15:30
Offer jurisdictions Estonia, Latvia, Lithuania
Listing Nasdaq Tallinn, Baltic main list
Subscription price 19 euros
Total issue volume 1,000,000 shares, which may be increased to up to 1,500,000 shares
Prospectus Prospectus (unofficial translation EN)
Prospectus summary Prospectus summary (EN)
Key Information Document Key Information Document (EN)
Investor Presentation Investor Presentation (EN)
FAQ Frequently asked questions

Timeline

21.11.2024

Start of the
subscription period

06.12.2024

End of the
subscription period

10.12.2024

Approval of the
Allocation Plan

13.12.2024

Value
Date

30.12.2024

Expected Start
of Trading

FAQ

Q1. Who can participate in the public offering of EfTEN Real Estate Fund AS shares

A. The public offering is open to all retail and professional investors in Estonia, Latvia, and Lithuania. See the prospectus for more details.

Q2. Where can I subscribe to the shares?

A. In Estonia, you can subscribe to shares through all banks that operate as a Nasdaq CSD securities account manager (including Swedbank, SEB Bank, Luminor Bank, and LHV Bank).
In Latvia and Lithuania, an investor who wants to subscribe for the Offered Shares must contact a financial institution, which is a member of Nasdaq Baltic and which manages the investor’s securities account and submit an offer to purchase the Offered Shares in the form of a purchase order, which is accepted by such financial institution and complies with the terms and conditions of the Prospectus.

Q3. Where and when can I see how many shares I received?

A. The results of the issuance and the allocation principles will be published on or around December 10, 2024, as a stock exchange announcement on the Nasdaq Baltic website. After the share allocation and settlement, each subscriber will be able to find out the number of shares allocated to them from the account manager (bank) through which they subscribed to the shares.

Q4. If I am subscribing to shares on behalf of a company, do I need a valid LEI code?

A. Subscribers who are legal entities must have a valid LEI code. Without it, banks (account managers) may refuse to accept transaction orders from legal entities.

Q5. Can I subscribe to shares through an investment account or a pension investment account in Estonia?

A. Yes, this is possible.

Q6. What is the minimum number of shares I can subscribe to?

A. The minimum subscription is one (1) share. The subscription price per share is 19 euros. Banks may add their own fee to the subscription order.

Q7. Where can I find more information?

A. For more information, please read the prospectus and the prospectus summary. All of these are available on the EfTEN Real Estate Fund AS website: https://eref.ee/en/investorile/subscription-of-new-shares/.

EfTEN Real Estate Fund AS

EfTEN Real Estate Fund AS is a public closed alternative investment fund established in 2015, which invests in cash flow-generating commercial real estate in the Baltic States.

The fund is guided by a value-added and opportunistic investment strategy. The fund’s investment segments include:

  • office spaces
  • retail spaces
  • warehouse and manufacturing spaces
  • hotels
  • nursing homes
More Infoeref.ee/fondi-info Portfolioeref.ee/en/portfell

 

How to Subscribe?

In Estonia, you can subscribe to shares through all banks that operate as a Nasdaq CSD securities account manager (including Swedbank, SEB Bank, Luminor Bank, and LHV Bank).

In Latvia and Lithuania, an investor who wants to subscribe for the Offered Shares must contact a financial institution, which is a member of Nasdaq Baltic and which manages the investor’s securities account and submit an offer to purchase the Offered Shares in the form of a purchase order, which is accepted by such financial institution and complies with the terms and conditions of the Prospectus.

EfTEN Real Estate Fund AS

Real estate fund investing in Baltic cash flow-generating commercial real estate

+372 655 9515

[email protected]