Published: 2021-09-23 09:31:56 CEST
DelfinGroup
Other information disclosed according to the rules of the Exchange

AS DelfinGroup invites to investor conference webinar about the Initial Public Offering of shares (IPO)

AS DelfinGroup invites investors, media representatives and other stakeholders to join its investor conference webinar scheduled on September 28, 2021 at 11:00 AM in English and at 1:00 PM in Latvian (EEST). To join the webinar please follow the instructions below.

During the webinar AS DelfinGroup representatives will inform about the announced Initial Public Offering of shares.

Webinar will be hosted by Didzis Ādmīdiņš, Chairman of the Management board and Kristaps Bergmanis, Member of the Management board.

Due to the limited webinar time please send in your questions in advance until September 28 at 10:00 AM (EEST) via e-mail: marta.muizniece@nasdaq.com.

What is a webinar?
Webinar is a virtual conference, during which company’s representative gives information about the company, its activities and future plans. Webinar allows interactive communication and provides an opportunity to ask questions and get answers directly from the company.

How to join the webinar?
All you need is a computer or mobile device with an internet connection.

To join the webinar in English, we invite you to register via https://register.gotowebinar.com/register/5595393100878759949.

To join the webinar in Latvian, we invite you to register via https://register.gotowebinar.com/register/2240210279486646284.

You will be provided with the webinar link and instructions to join webinar successfully. When joining the webinar for the first time, you will be asked to download the system application on your computer which will take only few seconds.

According to the AS DelfinGroup IPO prospectus, which was approved on 21 September 2021 by the Financial and Capital Market Commission (FCMC), the company plans to issue up to 8,395,000 new shares. The price per share in the public offering will be EUR 1.52. Through the IPO, AS DelfinGroup plans to raise EUR 12.76 million in new capital. All the capital raised will be used to drive the company’s future growth, as well as to reduce its financing costs. The current AS DelfinGroup shareholders will not sell any of their shares during the IPO process.

According to the Financial and Captial Market Commision (FCMC) approved IPO prospectus AS DelfinGroup will make its initial public offering (IPO) from 28 September to 11 October (including). Any private investors from Latvia, Lithuania, and Estonia and institutional investors from Latvia and selected member states of the European Economic Area (EEA), as well as other institutional investors in accordance with the prospectus for the initial public offering (IPO) will be able to subscribe for the offer shares.

The focus of the AS DelfinGroup IPO process is to attract retail investors. A significant proportion of the total number of shares that will be offered through the IPO will be allocated to retail investors in Latvia, Lithuania, and Estonia. During the first four share subscription days (from 28 September to 1 October 2021 inclusive) AS DelfinGroup will make a special offer to retail investors in the Baltics: each investor is guaranteed to receive up to 500 shares on a first come, first served basis. Therefore, given the IPO price per share of EUR 1.52, retail investors in the Baltic States will be given the chance to receive a guaranteed allocation of shares worth at least EUR 760 (offer valid within the scope of the share issue). The company’s objective is to ensure the widest possible range of investors.


About AS DelfinGroup

AS DelfinGroup is a licenced technology-based financial service company that was established in 2009 and operates under the brand names Banknote and VIZIA. The company continuously develops and offers consumer and pawn loans, loans developed for senior citizens, Buy now pay later loans (BNPL loans), as well as sale of pre-owned goods both online and at more than 90 branches across Latvia. On average, 35,000 thousand loans are issued every month and serviced by the professional team of more than 250 AS DelfinGroup employees. The company has a total of over 400,000 registered customers. Since 2014, AS DelfinGroup has been known on the Nasdaq Riga as a bond issuer. The company regularly pays dividends to its shareholders. In 2020, the company's net loan portfolio grew to EUR 34.6 million, while its EBITDA reached EUR 9.3 million, with profits before income tax for dividends EUR 4.65 million. The company’s sustainability is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion and facilitating the circular economy. The company has been profitable every year since 2010.

         For further information, please contact:
         Kristaps Bergmanis,
         AS DelfinGroup Management Board Member
         Phone: +371 26189988
         Whatsapp: +371 26189988