An additional 5.32 million DelfinGroup shares will be listed on the stock exchange

Exchanges “Nasdaq Riga“The Board has decided on Wednesday, October 27, to start non-bank lending to AS”DelfinGroup“additional share listing Baltic The official list, in addition to the shares already listed, says in a stock exchange announcement.

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Additional listing will begin on 5,319,594 additional shares. The total number of shares listed on the DelfinGroup after listing of additional shares will be 45,319,594. The nominal value of the shares is 0.1 euros per share.

On October 20, Nasdaq Riga started trading in the shares of the non-bank creditor DelfinGroup on the Baltic Main List. Trading began with 40 million shares of the company with a nominal value of 0.1 euros per share.

5927 investors participated in the initial public offering (IPO) of DelfinGroup shares, which ended on October 14, by purchasing shares for 8.09 million euros.

There were also 10 institutional investors among the investors.

In a statement to the stock exchange, DelfinGroup points out that this is the largest IPO in the history of Latvia in terms of the number of investors. Demand for shares reached 73% of the base offer, where up to 7.3 million shares were offered. 8.09 million euros were raised within the IPO.

From Latvia, 1,146 investors subscribed for 1,903,485 shares, from Estonia – 4,584 investors for 3,185,381 shares, from Lithuania – 153 investors for 141,807 shares, and from other countries – 44 investors for 88,921 shares. All investors will receive the number of shares they subscribed for.

In a statement to the stock exchange, Didzis Ādmīdiņš, Chairman of the Board of DelfinGroup, points out that this was the largest IPO in Latvia this year and the second largest in the Baltics, both in terms of the number of investors and the amount of attracted funding. The interest of private investors has significantly exceeded DelfinGroup’s initial forecasts.

In terms of number, LHV Bank’s customers represented 52% of investors, Baltic Swedbank’s customers 40%, Baltic SEB banka’s customers 6%, and other banks’ customers 2%.

During the IPO, investors subscribed for 5,319,594 new shares and the total number of DelfinGroup shares after the IPO reaches 45,319,594 shares. The price of one share in the IPO was 1.52 euros, and a total of 8.09 million euros was raised.

It has already been reported that the “DelfinGroup” IPO started on September 28.

The turnover of the DelfinGroup Group in 2020, compared to the previous year, increased by 9%, reaching 23.7 million euros, at the same time the Group’s profit increased by 11.4% and amounted 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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