![]() ![]() Based on dividend payments made by the company until May 16, 2023, over the last 12 months, DelfinGroup has paid 5.5 million euros in dividends, or 0.121 euros per share. ![]() ![]() As a result, shareholders have received dividends of up to 50% of the company's profit each quarter. The company also demonstrates competitive performance on the stock exchange, providing investors with a good dividend yield and maintaining growth potential.ĭelfinGroup ensures regular income for investors through its unique dividend policy in the Baltic market. In addition, DelfinGroup loan portfolio has increased by 9% since the beginning of the year, reaching 73.5 million euros.ĭelfinGroup has been profitable every year since 2010 while ensuring consistently high growth rates. The company's EBITDA increased to 3.9 million euros, which is 53% more than in the first quarter of 2022, while profit before taxes increased by 16% and reached 1.8 million euros. Such public offerings are a good opportunity for both existing and new shareholders to acquire a package of shares at a fixed price below their current market value, and it promotes the development of capital markets in Baltic states," explained Didzis Ādmīdiņš, Chairman of the Management Board of DelfinGroup.ĭelfinGroup revenues in the first quarter of 2023 increased by 46% compared to the same period last year, reaching 11.1 million euros. We are positive about the initiative of two largest shareholders of DelfinGroup to offer a part of their shares for sale, thereby increasing the free float of shares and expanding the overall DelfinGroup shareholder base. ![]() During the public offering, the shares will be offered for 1.35 euros per share (it is more than a 10% discount from the volume weighted average share price in the previously mentioned trading period).ĭetailed information about the public offerings of DelfinGroup shares is published on the website "This is already the second time that the two largest DelfinGroup shareholders are making public offerings, providing the opportunity for investors from Latvia, Lithuania and Estonia to purchase DelfinGroup shares. The current share price of DelfinGroup on the stock exchange is 1,515 euros (as of May 17 at the time of the end of the Nasdaq Riga stock exchange trading session), and, following the information obtained from Nasdaq Riga, the volume weighted average share price from February 1, 2023, until April 30, 2023, was 1.51 euros. The subscription period will last from May 22 to June 2 inclusive.Īccording to the approved prospectuses by the Bank of Latvia, two largest shareholders of DelfinGroup will offer to sell a relatively small part of their shares via public offering in order to increase the free float of the shares and therefore also increase the liquidity of the shares, and to diversify their assets and investments.ĭuring the public offerings, L24 Finance will offer up to 3.15 million shares, while EC finance will offer up to 1.51 million DelfinGroup shares. Thus, investors in Latvia, Lithuania and Estonia will have the opportunity to purchase up to 4.66 million DelfinGroup shares. The Bank of Latvia has approved prospectuses submitted by two largest shareholders of AS DelfinGroup – SIA L24 Finance and SIA EC finance – for the public offer to sell part of their DelfinGroup shares. DelfinGroup shareholders will make public offer of 4.66 million DelfinGroup shares ![]()
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