NEO Finance, AB Board of Directors approves Dividend Policy
On June 28, 2024, the Board of Directors of NEO Finance, AB (hereinafter referred to as the Company) approved the Company's Dividend Policy.
In accordance with the new policy, the Company's Board of Directors may propose to allocate to dividends not less than 10% of the consolidated net profit of the Company for the previous financial year. The adoption of the Dividend Policy contributes to enhancing the value of the Company, the interests of the Company's shareholders, ensuring transparency and achieving high standards of corporate governance. The first dividend in the history of the Company may not be paid to shareholders before 2025.
"The approved dividend policy reflects our ambition not only to grow and strengthen as a company, but also to ensure that our investors receive a fair return on their investment, taking into account the Company's capabilities and the balance between strong growth and projected profitable operations. We believe that this policy will increase the confidence of our investors, allow us to manage more accurately our expectations for future dividend payments and strengthen our market position. At the same time, we want to maintain our exceptional transparency, which is one of our core values", says Evaldas Remeikis, Head of Administration of NEO Finance, AB.
About NEO Finance, AB
NEO Finance, AB owns three brands: "Paskolų klubas", "Neopay" and "FinoMark". "Paskolų klubas", is the largest peer-to-peer lending platform in Lithuania "Neopay" provides payment initiation and account information services and "FinoMark". is a crowdfunding platform. NEO Finance, AB also has a subsidiary in the Netherlands, NEO Finance B.V., which attracts investors from the Benelux countries. In 2023, the company's net profit amounted to EUR 260 thousand.
Head of Administration
Evaldas Remeikis
Email: Evaldas.remeikis@neofinance.com
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