IPAS INDEXO, the parent company of the INDEXO financial services group, today submitted to the Bank of Latvia the prospectus for AS DelfinGroup’s mandatory share buyback offer.
The mandatory share buyback offer is a legal requirement that was triggered after INDEXO exceeded a 30% shareholding in DelfinGroup. It has already been reported that on December 15, settlement was completed for IPAS INDEXO’s voluntary share buyback offer for AS DelfinGroup, as a result of which IPAS INDEXO acquired a 67.42% stake in DelfinGroup.
Under the mandatory share buyback transaction, DelfinGroup shareholders will be offered the option to sell their shares at a price of EUR 1.30 per share. As an alternative, shareholders will be able to exchange 7.3 DelfinGroup shares for one INDEXO share. A third option is to keep their existing DelfinGroup shares and continue participating in the company’s development.
The offer will be made in accordance with the terms of the mandatory share buyback prospectus. Once approved, the prospectus will be published on the stock exchange website: https://www.nasdaqbaltic.com/lv and on INDEXO’s website: https://indexo.lv/investoriem/.
About INDEXO financial services group
INDEXO is a financial services group that includes pension management companies IPAS INDEXO, AS INDEXO Atklātais Pensiju Fonds, IPAS VAIRO, as well as INDEXO Bank.
The pension management companies within the INDEXO group in Latvia offer modern 2nd and 3rd pillar pension plans. Nearly 158 thousand clients entrust the group with managing their pension savings totaling more than EUR 1.55 billion.
INDEXO Bank, a credit institution licensed by the European Central Bank, serves over 47 thousand clients, with total client deposits amounting to EUR 68 million and EUR 50,5 million in loans.
Founded and headquartered in Latvia, INDEXO is a Nasdaq Riga-listed company with over 7 300 shareholders. Its mission is to fight for a better financial environment in Latvia and strengthen the well-being of Latvian residents by providing modern and personalized financial services. For more information visit www.indexo.lv.
DelfinGroup is a licenced fintech company established in 2009 and currently operating in Latvia and Lithuania. The company operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of pre-owned goods online and at more than 80 branches across Latvia. For more information visit www.delfingroup.lv.