ExpressCredit increases share capital to 1,5 m EUR



On 29 December, 2016 ExpressCredit shareholders meeting approved decision to increase share capital from 426 861 EUR to 1 500 000 m EUR. Share capital was increased transferring previous year’s undistributed profits and making payment for shares in the amount of 200 000 EUR, keeping the same share proportion among current shareholders.

Agris Evertovskis, Chairman of the Board of the Company, comments on share capital increase: “Share capital increase justifies the shareholder will to strengthen share capital base and finance further growth of the Company”.

On 30 December, 2016 Enterprise register of the Republic of Latvia has registered changes in the charter and share capital of SIA ExpressCredit. Share capital increase has been registered in the changes in the charter of SIA ExpressCredit. New charter includes point on possibility of extraordinary dividends according to legislation of the Republic of Latvia. Additionally there are registered surname change for the council member Ramona Miglāne (previously Ramona Tiltiņa).

This news release was distributed by GlobeNewswire, – a Nasdaq company.



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