News

Riga, Latvia, 26 April 2019. Mogo Finance and its group companies (the “Group”), specialized in used car financing, expects a delay in the publication of the audited FY 2018 results until mid of May 2019 instead of as planned at the end of April 2019.

AS “mogo” hereby informs that as a result of the voting the noteholders have accepted the amendments to the Notes Prospectus of AS “mogo” (ISIN: LV0000801363) dated 13 October 2014, and the amendments to the prospectus have entered into force on the date of publication of this announcement.

In accordance with Section 5.5. of to the Terms of the Notes Issue of AS “mogo” dated 27 November 2017 (ISIN: LV0000880029) AS “mogo” asks the noteholders to grant their consent for amendments to the terms of the notes issue, which provide that the principal amount of the notes shall be fully repaid in one instalment on 31 March 2021, replacing quarterly instalments of the principal amount of the notes.

In accordance with Clause 6.6. of to the Notes Prospectus of AS “mogo” dated 13 October 2014 (ISIN: LV0000801363) AS “mogo” asks the noteholders to grant their consent for amendments to the prospectus, which provide that the principal amount of the notes shall be fully repaid in one instalment on 31 March 2021, replacing quarterly instalments of the principal amount of the notes.

Investments for further increases in profitability while improving performance quarter on quarter OPERATIONAL AND STRATEGIC HIGHLIGHTS Significant growth in core business with Group loans issued increasing by 46.5% equalling EUR 121.5 million (FY 2017: EUR 82.9 million), of which EUR 88.4 million in mature markets (FY 2017: EUR 66.0 million) Consolidated number of active customers up significantly by approx. 47.7% to over 65,000 (31 December 2017: approx.…