Market announcement
AS LHV Group
LEI code
529900JG015JC10LED24
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
6680
Submission date and time
22.05.2018 15:00:00
Content of announcement in Estonian
Title
LHV viis lõpuni UAB "Mokilizingas" müügitehingu
Message
Täna viidi lõpuni tehing AS-i LHV Group ja Inbank AS-i vahel, millega LHV müüs osaluse Leedu tarbimiskrediidi ettevõttes UAB ?Mokilizingas". Täna kanti üle ettevõtte osad ja tasuti müügihind. AS LHV Group omas UAB "Mokilizingas" aktsiatest 50%+1, mille väärtuseks tehingus oli ligi 7,5 miljonit eurot. Tehingust teenis LHV Group 3 miljonit eurot lisakasumit. Arvestades ka tehinguga seotud tuleviku tulude ja kulude korrigeerimisvajadust, avaldas LHV Group 17. mail uuendatud finantsplaani, milles on tehingu mõju arvesse võetud. Mokilizingase aktsiate ostu-müügi lepingu allkirjastasid osapooled 20. aprillil 2018. Müügitehing ei ole käsitletav tehinguna seotud isikutega. AS LHV Pank jätkab 12 kuu jooksul UAB-le "Mokilizingas" krediidiliini pakkumist ning tagab UAB "Mokilizingas" krediitkaartide toimimise olemasolevatel alustel kuni 2019. aasta lõpuni. Muus osas vastavad lepingust tulenevad kohustused taoliste tehingute tavapärastele tingimustele. Mokilizingas on Leedu turul juhtiv tarbijafinantseerimise toodete pakkuja, omades järelmaksuvaldkonnas ligi 40% suuruse turuosaga teist positsiooni. Ettevõttel on Leedus üle 2000 partneri, ligi 250 tuhat klienti ja üle 100 tuhande aktiivse lepingu. Lisaks Leedule teenindab Mokilizingas strateegilisi partnerettevõtteid ka Lätis. Priit Rum LHV kommunikatsioonijuht Telefon: 502 0786 E-post: [email protected] (mailto:[email protected])
Content of announcement in English
Title
LHV finalized the sale transaction of UAB "Mokilizingas"
Message
The transaction between AS LHV Group and Inbank AS, according to which LHV sold its share in the Lithuanian consumer finance services provider UAB "Mokilizingas", was completed today. The transfer of the company shares and settlement of the acquisition price were finalized. AS LHV Group owned 50%+1 share of UAB "Mokilizingas", the value of the shares held by LHV amounted to EUR 7.5 million. The sales transaction earned LHV Group an extraordinary profit of EUR 3 million. Considering the need for adjustment of costs and income influenced by the transaction, LHV Group disclosed on 17 May the renewed financial plan for 2018, that has taken into account the effect of the transaction. The share purchase agreement was signed on 20 April 2018. The transaction can not be considered a transaction between related persons. During a period of 12 months, AS LHV Pank will continue providing credit to UAB "Mokilizingas" and also will ensure the functioning of UAB "Mokilizingas" credit cards until the end of 2019 based on the current conditions. Otherwise, the contractual obligations correspond to the usual conditions regarding similar transactions. Mokilizingas is a leading consumer finance services provider in Lithuania with the second largest market share of 40% in the hire-purchase segment. The company has in Lithuania over 2000 partners, approximately 250 thousand customers and over 100 thousand active contracts. In addition to Lihthuania, Mokilizingas also services strategic partners in Latvia. Priit Rum Communication Manager Phone: +372 502 0786 Email: [email protected]