Today, January 6, at 10:00 AM, IPAS INDEXO, the parent company of the INDEXO financial services group, launches a mandatory share buyback offer for AS DelfinGroup, which will run until January 19 at 3:30 PM. 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.
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.
To submit an order for DelfinGroup share exchange or sale, shareholders should log in to the internet bank where their DelfinGroup shares are held and select the appropriate order – for share exchange or sale – from the list of current offers.
The results of the mandatory DelfinGroup share buyback offer are expected to be announced on January 21, with settlements completed on January 26.
Disclaimer: The prospectus for the mandatory share buyback offer is published on INDEXO’s website (www.indexo.lv/en/for-investors/).
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 (www.indexo.lv/en/for-investors/).
