Delfin Group

M&A Activity • Nov 21, 2025

IPAS Indexo receives approval to launch a voluntary buy-back offer of AS DelfinGroup shares

On 21 November 2025, the Bank of Latvia informed AS “DelfinGroup” that it had granted IPAS “Indexo” permission to launch a voluntary share buyback offer of AS “DelfinGroup” shares.

1. Company name, registration number, legal address and website address:

AS “DelfinGroup”, registration number: 40103252854, legal address: Skanstes iela 50A, Riga, LV-1013, Latvia, website address: https://delfingroup.lv/).

2. Information about the offeror: IPAS "Indexo" (registration No. 40203042988, legal address: Roberta Hirša iela 1, Riga, LV-1045).

3. Repurchase price of one share according to the information provided in the prospectus: EUR 1.30.

4. Information about transferable securities planned as compensation for the company's shares: The offeror offers 1 IPAS "Indexo" share in exchange for 7.3 AS "DelfinGroup" shares. The offered IPAS "Indexo" shares will be dematerialized, with a nominal value of EUR 1, and will confer voting rights at the shareholders' meeting, as well as rights to dividends and liquidation quotas. The aforementioned shares will be registered with the central securities depository Nasdaq CSD SE and included in the Nasdaq Riga Baltic Official List.

5. Offer period: 15 days, from 24 November 2025 to 8 December 2025.

6. Announcement of the results of the offer: 10 December 2025.

Attached: Prospectus of the voluntary share buyback offer of AS “DelfinGroup” shares in electronic form on 14 pages.

About DelfinGroup

DelfinGroup is a licenced fintech company established in 2009 and currently operating in Latvia and Lithuania. The company operates under the brand names Banknote and VIZIA. The company has been profitable every year since 2010. DelfinGroup continuously develops and offers consumer loans, pawn loans, and the sale of pre-owned goods online and at more than 80 branches across Latvia. Since 2014, DelfinGroup has been known on the Nasdaq Riga Stock Exchange as a bond issuer and, since 2021, as a listed company on the Baltic Main List. The company regularly pays dividends to its shareholders. The sustainability of DelfinGroup is based on focused corporate governance, fintech innovation, responsible lending, financial inclusion, and facilitating the circular economy.

Additional information:

Artūrs Dreimanis

DelfinGroup Head of Treasury and Investor Relations

Phone: +371 26189988

E-mail: IR@delfingroup.lv