On 26 January 2024 AS “Storent Holding” (the Issuer) announced plans to make certain legal changes in the group:

• transfer the shares of five subsidiaries from AS “Storent Investments” to the Issuer,
• increase share capital of the Issuer to EUR 33 500 000 by investment in-kind, 
• change the corporate name of SIA “Storent Holdings” to AS “Storent Holding”,
• change the corporate form to a joint stock company.  

The legal process related to these plans has been completed and the Issuer has signed an agreement to divest shares in AS “Storent Investments”, an owner of Storent OOO.

The new structure of Storent group is attached.

Issuer have established the Supervisory Board to represent the interests of the shareholders between the Shareholders’ Meetings.

The Supervisory Board consist of three members:

• Baiba Onkele, Chairperson of the Supervisory Board and the Group’s Chief Financial Officer since the establishment of the Group. Ms Onkele has 25 years of experience in accounting and finance, including 20 years specifically in the rental business. She has strong educational background in business management and accounting, which she combines by strategically 6 managing the Group’s finances. Under the leadership of Ms. Onkele, the Group has raised funds for development and expanded its operations to 26 rental points in five countries. Thanks to Ms. Onkele's skilled strategic management, the Group has been able not only to expand, but also to improve efficiency. Over the past three years, the annual turnover per employee within the Group has increased by 25 per-cent, thanks to which the Group has been able to direct as many funds as possible to innovations. Ms. Onkele has organized the Group’s entry into the capital markets, as well as all has been responsible for the related communication.
• Deniss Mironcevs, Deputy Chairperson of the Supervisory Board. Mr. Mironcevs has more than 15 years of experience in IT development and consulting. He started his career as an IT developer of SIA “Ramiteh” between 2005 and 2007. Since 2007 Mr. Mironcevs is the Chairman of the Management Board and co-owner of SIA “Aston Baltic”. Mr. Mironcevs earned his bachelor’s degree in computer management and computer science from Riga Technical University.
• Anžela Serkeviča, member of the Supervisory Board. Mrs. Serkeviča brings two decades of experience in accounting and finance to her role, with a decade specifically dedicated to the IT business sector. Her professional journey includes working as an accountant at “Swedbank Līzings” SIA from 2005 to 2007, followed by a role as a debtor accountant at SIA “Ramiteh” from 2007 to 2009, and subsequently as an accountant at SIA “Glos line” from 2009 to 2010. Since 2010, Mrs. Serkeviča has held the position of Chief Accountant at SIA “Aston Baltic”. She holds a bachelor’s degree in economics and finance from BA School of Business and Finance, along with a master's degree in accounting from the University of Latvia.

Baiba Onkele

Storent Holding CFO

Mobile: + 371 29340012

E-mail: baiba.onkele@storent.com

https://www.storentholding.com/