On 26^th of Jaunuary 2024, IPAS "Indexo" has received notification about the transaction with IPAS "Indexo" shares from person discharging managerial responsibilities.

On 25^th January 2024 Henrik Karmo, member of the board of the INDEXO Group’s company, has transferred (de-registered) shares of IPAS "Indexo" from the Initial Register in the Central Depository of Latvia to his securities account. H. Karmo has acquired the mentioned shares as a result of the IPAS "Indexo" share option realization. In accordance with the option agreement and the INDEXO Staff Option Program 2022, H. Karmo will be able to act with the shares transferred on 25^th January 2024 only within 4 months after the publication of the financial statement of IPAS "Indexo" for the year 2026, if the conditions stated in the option agreement and option program are fulfilled.

The INDEXO Staff Option Program 2022 approved at the annual General Shareholder’s Meetings of IPAS "Indexo on 24th of March 2022 and on 30st of March 2023, provides that the owners of the shares can materially benefit in proportion to the number of shares allocated to them only if the market value of the IPAS "Indexo" shares on Target date exceeds the price of EUR 16.51 per share. However, the owners of share will materially benefit from all the shares allocated to them and will be able to fully exercise the rights arising from ownership of such shares, if on the Target date the market price of the shares exceeds the price of EUR 27.48 per share. IPAS "Indexo" share owners in turn incur losses, that are equivalent to the losses of other shareholders, if the market value of the IPAS "Indexo" share on the Target date is less than the price of the initial public offering of IPAS "Indexo" shares in 2022, that is EUR 14 per share.

About INDEXO  

INDEXO is an asset management company licensed by the Bank of Latvia, which offers modern 2nd and 3rd pillar pension saving plans in Latvia. INDEXO is the fastest growing pension management company in the Baltics with more than 127 thousand customers and approximately EUR 950 million euros of assets under management.

INDEXO is a Nasdaq Riga Stock Exchange listed company with close to 6000 shareholders and has an aim to fight for a better financial environment in Latvia. INDEXO vision is to become a financial services group that provides modern, personalized services empowering Latvia’s people for their prosperity.

Additional information is available at www.indexo.lv.

Contact information:
Ieva Bauma
IPAS “Indexo”
Board Member, Marketing Manager
E-mail: ieva.bauma@indexo.lv
Telephone: + 371 28 636 789