IPAS INDEXO, the parent company of the INDEXO financial services group, today submitted to the Bank of Latvia the prospectus for AS DelfinGroup’s voluntary share buyback offer, which is the main document detailing the terms of the proposed transaction.
“Submitting the prospectus to the Bank of Latvia is the final step in the necessary approval process for making the voluntary share buyback offer. Once it is approved, we are ready to execute this transaction, which we aim to complete within this year,” says Henrik Karmo, Chairman of the Management Board of IPAS INDEXO and one of its founders.
INDEXO plans to offer DelfinGroup shareholders the option to exchange all or part of their AS DelfinGroup shares. Under the proposed terms, DelfinGroup shareholders will be offered to exchange 7.3 DelfinGroup shares for one INDEXO share. As an alternative, DelfinGroup shareholders will be offered to sell their DelfinGroup shares at a price of EUR 1.30 per share, subject to the conditions and restrictions outlined in the prospectus. There is also a third option – to keep their existing DelfinGroup shares and continue participating in the company’s development.
The largest shareholders of DelfinGroup have already expressed their support for the share exchange and the overall transaction, reinforcing confidence that the set goal will be achieved.
The offer will be made in accordance with the terms of the Voluntary share buyback offer prospectus. Once approved, the prospectus will be published on the stock exchange website: https://www.nasdaqbaltic.com/ and on the INDEXO website: https://indexo.lv/en/for-investors/.
