Novaturas will issue new securities – aims to attract strategic investors

Having analysed strategic alternatives, the Baltic tour operator Novaturas Group will seek to raise additional capital by issuing new shares or convertible bonds to potential strategic investors. With this instrument, the company expects to raise up to EUR 5 mln., which would be used for the business development of the company, operating in Lithuania, Latvia and Estonia, as well as for the strengthening of its financial capacity and market position. The final decision on this proposal by the top management will be taken by the General Meeting of Shareholders.