Today, 5 January, Bank of Latvia has approved the prospectus for the mandatory share buyout offer of AS DelfinGroup by IPAS INDEXO, the parent company of the INDEXO financial services group. The offer period will begin on Tuesday, January 6, and will run until January 19. The obligation to make a mandatory buyback offer arose after acquiring 67.42% of DelfinGroup shares in the voluntary share buyback offer carried out at the end of last year.

This step marks the next stage in INDEXO’s strategy toward becoming a leading local financial services group.

The mandatory share buyback offer is being made under the same conditions as the voluntary offer, giving DelfinGroup shareholders three options:

1. Sell their DelfinGroup shares at a price of EUR 1.30 per share, in accordance with the terms of the prospectus.
2. Exchange 7.3 AS DelfinGroup shares for one IPAS INDEXO share.
3. Keep their existing DelfinGroup shares and continue participating in DelfinGroup’s development.

AS DelfinGroup shareholders can exchange their DelfinGroup shares for IPAS INDEXO shares only in an amount that precisely corresponds to the exchange ratio and results in whole numbers. Applying this principle means that the minimum number of DelfinGroup shares that can be exchanged is 73 shares. 

The prospectus of the mandatory share buyout offer is published on the INDEXO website (https://indexo.lv/en/for-investors/) and is attached to this announcement.

To issue the shares that IPAS INDEXO offers in exchange for DelfinGroup shares, an Exemption Document from the obligation to publish a prospectus has been prepared, describing the planned transaction and its impact. The Exemption Document is published on INDEXO’s website (https://indexo.lv/en/for-investors/) and attached to this announcement.