Published: 2019-12-20 15:42:44 CET
Other information disclosed according to the rules of the Exchange

AS "mogo" adopts a decision to increase the share capital of AS “Renti”

To strengthen the business activities of AS “Renti”, AS “mogo” has decided to increase the share capital of AS “Renti” by issuing 5 000 000 (five million) new shares with the par value of one share EUR 1.00 (one euro). After the increase, the share capital of AS “Renti” will be EUR 5 500 000 (five million five hundred thousand euro).

AS “Renti” is a subsidiary of the AS “mogo” which offers a unique long-term car rental service for used cars in the Republic of Latvia, satisfying the demand for motor vehicles without long-term loan commitment.

About AS “mogo”

AS “mogo” offers classical finance lease, lends against vehicles already owned by clients (a type of service known as leaseback) and instalment loans, which is available by filling out an application on the company website, mobile website, over the phone, enquiring with one of more than 270 affiliated car dealerships, or at one of its client service centers in major cities throughout Latvia. AS “mogo” has more than 20 thousand active customers in Latvia. Mogo Finance S.A. group companies operate successfully not only in Latvia, but also in Estonia, Lithuania, Georgia, Armenia, Poland, Bulgaria, Romania, Moldova, Belarus, Albania, Uzbekistan, Kazakhstan and North Macedonia with more plans to expand business in other countries. Read more:

   Darja Maslova-Dolotova
   Regional CFO
   Phone: +371 66900904