This notice is published with reference to the initial public offering of the shares of Eleving Group (“Eleving”) and should be read in conjunction with Eleving’s public offering, listing and admission to trading prospectus dated 20 September 2024 (the “Prospectus”), together with Eleving’s notification on the results of the initial public offering of its shares and final price dated 9 October 2024.

Eleving informs that during the Stabilisation Period the following stabilisation measures on the following conditions were carried out from 5 November 2024 to 11 November 2024 (both included) by LHV Pank AS as the Stabilising Agent acting based on instructions by Stabilising Manager Signet Bank AS: 

For each of the dates within the time period of this announcement during which stabilisation transactions were carried out, the price range and volume were following:

Stabilisation transaction(s):

Further enquiries:

Stabilising Manager

Aleksejs Generalovs

Signet Bank AS

Head of Brokerage Division

E-mail: Aleksejs.Generalovs@signetbank.com 

Telephone: +371 67 081 066

About Eleving Group

Eleving Group has driven innovation in financial technology around the world since its foundation in Latvia in 2012. As of today, the group operates in 16 markets and 3 continents, encouraging financial inclusion and upward social mobility in underserved communities around the globe. Eleving Group has developed a multi-brand portfolio for its vehicle and consumer finance business lines, with around 2/3 of the portfolio comprising secured vehicle loans and mobility products, with Mogo as the leading brand, and around 1/3 of the portfolio including unsecured consumer finance products. Currently, 55% of the group's portfolio is located in Europe, 32% in Africa, and 13% in the rest of the world.

The Group's historical customer base exceeds 1.3 million customers worldwide, while the total volume of loans issued goes beyond EUR 1.8 billion. With headquarters in Latvia, Lithuania, and Estonia and a governance structure in Luxembourg, the Group ensures efficient and transparent business management, powered at the operational level by over 2800 employees. For two consecutive years, the Group was listed among Europe’s 1000 fastest-growing companies, as published by the Financial Times in 2020 and 2021. 

The Group closed 2023 with strong financial results—its adjusted EBITDA stood at EUR 77.5 million, revenue at EUR 189.3 million, and adjusted net profit at EUR 24.5 million. Eleving Group’s net portfolio reached EUR 320.3 million. In 2024, Fitch, a leading credit rating agency, upgraded Eleving Group's rating from B- to B with a stable outlook.

For media inquiries

Arturs Cakars, Group Chief Corporate Affairs Officer, arturs.cakars@eleving.com

For investors

Edgars Rauza, Investor Relations Manager, edgars.rauza@eleving.com

Disclaimer 

This announcement shall not constitute or form part of any offer to sell or the solicitation of an offer to buy, nor shall there be any shares in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.