NEO Finance AB: Concerning reduction of the NEO Finance, AB equity capital

After having prepared the financial statements for the second quarter of 2020,
it became clear that NEO Finance, AB, legal entity code 303225546, with the
registered office at A. Vivulskio str. 7, Vilnius (hereinafter - the Company),
the equity became EUR 64,000 lower than required by the Law on Electronic Money
and Electronic Money Institutions of the Republic of Lithuania, i.e. less than
EUR 350 000. According to the data of 30/06/2020, the equity is equal to
286,000 euros. 

By initiative of Board and its Resolution on 17 June 2020 10:00 a. m. was
convened an Extraordinary General Meeting of Shareholders of the Company
(hereinafter - the General meeting of shareholders), during which it was
decided to increase authorized capital of the Company by additional
contributions issuing 120 007 units of ordinary registered shares. 

Taking into account the concluded share subscription agreements, the
subscription and payment term of which has already expired, the authorized
capital of the Company as soon as possible will be increased by almost 260,000
euros. 



CEO
Aiva Remeikiene
Email: [e-mail]