Exchanges “Nasdaq Riga“The Board has decided on Friday, October 15, to start trading with the non-bank creditor AS”DelfinGroup“shares Baltic In the official list, says the stock exchange announcement.
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This decision has been made on the condition that on Thursday, October 14, settlements have been made for the DelfinGroup shares subscribed within the framework of the initial public offering (IPO) and the amount of DelfinGroup shares subscribed and paid for within the IPO corresponds to “Nasdaq Riga “Regulations” On Listing and Trading of Financial Instruments on Exchange Regulated Markets “.
It is planned to include 40 million DelfinGroup shares with a nominal value of 0.1 euros per share in the Baltic Official List.
It has already been reported that DelfinGroup started the IPO on September 28.
It will be possible to apply for the company’s IPO shares until October 11, inclusive. Private investors and institutional investors will have the opportunity to subscribe for a total of 7.3 million new shares in the company.
The company has an option to increase the total share offer by another 1.095 million shares, thus the total number of shares to be issued in the public offering reaches 8.395 million shares. The price of one share is 1.52 euros. The minimum share subscription amount per investor is one share.
Any private investor from Latvia, Lithuania and Estonia and institutional investors from Latvia and separately selected member states of the European Economic Area, as well as other institutional investors in accordance with the IPO prospectus of shares may participate in the IPO.
Given DelfinGroup’s goal of attracting the widest possible range of investors, a significant portion of the shares has been reserved for private investors from the outset.
As a result of the IPO, DelfinGroup plans to raise new capital of up to 12.76 million euros, which is planned to be invested in the further growth of the company, as well as to reduce the company’s financing costs.
During the IPO process, none of the current DelfinGroup shareholders will sell their shares.
The company will be one of the four Latvian and 33 Baltic companies whose shares will be traded on the Official Baltic List of Nasdaq Riga.
It has already been reported that the DelfinGroup’s turnover in 2020 increased by 9% compared to the previous year, reaching 23.7 million euros, while the group’s profit increased by 11.4% to 3.9 million euros.
The company “DelfinGroup” was registered in 2009. Until the end of June 2012, the company worked under the name “Lombards24.lv”, but then changed its name to “ExpressCredit”. In turn, the company became “DelfinGroup” in early February 2020.
The company’s largest shareholder with 65.18% of shares is “L24 Finance”, whose real beneficiaries are Aigars and Linda Kesenfelds, but in total 31.32% of shares belong to Agra Evertovska companies SIA “EC finance” and SIA “AE Consulting”, according to information company report and “firmas.lv”.
The company works with the brands “Banknote” and “Vizia”. On June 30 of this year, DelfinGroup companies had 92 branches in 38 Latvian cities.
DelfinGroup bonds are currently listed on the Nasdaq Riga alternative market First North.
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