Financial Calendar 2023

In 2023 AS Pro Kapital Grupp will disclose its consolidated financial results on the following dates:

MANAGEMENT REPORT

CEO summary

The third quarter of 2022 continued the trend we have seen in Q2, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania).

The market still seems resilient, despite the negative sentiment caused by raising interest rates and an overall bearish outlook of the global economy.

Local and international investors still seem to have a strong interest in the Baltic area, especially in the premium properties segment.

 
Notice of redemption of convertible bonds PKG4

AS Pro Kapital Grupp informs that it is redeeming 27 999 “EEK 7.00 PRO KAPITAL GRUPP CONV. BOND PKG4 10-2020” convertible bonds (with ISIN EE3300109248) in total nominal value of 279 990 Estonian kroons and issue value of 78 397.20 euros and has submitted the Nasdaq Central Depository of Securities the application to delete the bonds from the register.

MANAGEMENT REPORT

CEO summary

The second quarter of 2022 continued the trend we have seen in Q1, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania).

Our available inventory is mainly sold, but we can say (based on the expression of interest of our potential buyers for upcoming projects and on the activity of our competitors) that the volume of transactions and the prices have not been overly impacted by the geopolitical situation.