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  • Lennart Erlandson

    CFO


    +46 72-402 44 82
    http://www.avida.se
  • Michael Grosche

    Head of Communication and Investor Relations


    + 46 70 307 29 36
    http://www.avida.se
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    Avida Finans AB (publ) has completed the planned acquisition of Santander’s credit card and sales financing business.

    Avida Finans AB (publ) (Avida), has after all conditions in the agreement entered on September 18, 2024, including financing and regulatory approvals, have been fulfilled for the acquisition of Santander Consumer Bank AS's Swedish and Norwegian credit card operations, as well as the sales financing business that Santander Consumer Bank has conducted together with Elkjøp in Norway and Elgiganten in Sweden, has now been completed. The acquisition has been financed through a capital injection from Avida's owners and the incurrence of debt.From January 1, 2025, the acquired business that

    Notice convening the Extraordinary General Meeting of Avida Finans AB (publ), reg. no. 556230-9004 (the "Company")

    Day and time: Monday, 30 December 2024, at 10:00 CET. Place: Avida Finans AB (publ)'s office, Magnus Ladulåsgatan 65, 118 28 Stockholm, Sweden.NOTIFICATION ETC. Shareholders who wish to participate in the Extraordinary General Meeting need to i) be listed as a shareholder in the share register maintained by Euroclear Sweden AB no later than on the record date which is Tuesday 17 December 2024, and ii) give notice of participation to the Company no later than on Monday 23 December 2024 in writing to: Avida Finans AB (publ) Box 38101, 100 64 Stockholm, Sweden (mark the envelope "

    Notice convening the Extraordinary General Meeting of Avida Finans AB (publ), reg. no. 556230-9004 (the "Company")

    Day and time: Monday, 16 December 2024, at 10:00 CET. Place: Avida Finans AB (publ)'s office, Magnus Ladulåsgatan 65, 118 28 Stockholm, Sweden.NOTIFICATION ETC. Shareholders who wish to participate in the Extraordinary General Meeting need to i) be listed as a shareholder in the share register maintained by Euroclear Sweden AB no later than on the record date which is Friday, 6 December 2024, and ii) give notice of participation to the Company no later than on Tuesday, 10 December 2024 in writing to: Avida Finans AB (publ) Box 38101, 100 64 Stockholm, Sweden (mark the envelope "

    Notice convening the Extraordinary General Meeting of Avida Finans AB (publ), reg. no. 556230-9004 (the "Company")

    Day and time: Monday, 16 December 2024, at 10:00 CET. Place: Avida Finans AB (publ)'s office, Magnus Ladulåsgatan 65, 118 28 Stockholm, Sweden.NOTIFICATION ETC. Shareholders who wish to participate in the Extraordinary General Meeting need to i) be listed as a shareholder in the share register maintained by Euroclear Sweden AB no later than on the record date which is Friday, 6 December 2024, and ii) give notice of participation to the Company no later than on Tuesday, 10 December 2024 in writing to: Avida Finans AB (publ) Box 38101, 100 64 Stockholm, Sweden (mark the envelope "

    Avida Finans AB intends to carry out a capital raise of SEK 865,758,270 through directed issues of warrants, and proposes the introduction of a low voting share class

    The board of directors of Avida Finans AB (publ) ("Avida" or the "Company") has resolved to propose that an extraordinary general meeting (the "First EGM"), to be held on or around 16 December 2024, resolves to approve an issuance of 57,717,218  warrants to subscribe for 57,717,218 new shares at a strike price of approx. SEK 0.18 per share (the "Warrants" and the "Warrants Issue", respectively). Eckern Finans Holding AB[1] and FSK Eckern Finans Holding AB[2] shall subscribe for 53,717,218 Warrants in total and pay an aggregate amount of SEK 805,758,270 for the Warrants, whereas Andenes

    Avida Finans AB (publ) publishes interim report for the period January – September 2024

    Great need to reverse the trend and increase the pace of the initiated transformation.In the third quarter of the year, the negative trend for Avida continued, with costs and credit losses remaining at an unacceptably high level. The need to accelerate the pace of change and reverse the company’s cost and credit loss trends has become increasingly clear.  “To reduce costs and ensure quality and speed in the initiated transformation, a comprehensive review of the business has now begun”, says Mikael Johansson, CEO. The goal is to achieve more efficient processes, foster a stronger cost-

    Mikael Johansson appointed as permanent CEO in Avida Finans AB (publ)

    The Board of directors in Avida Finans AB (publ) (”Avida” or the “Company”) has resolved that Mikael Johansson is appointed as permanent CEO in the Company from and including October 31, 2024.Mikael Johansson took on the role of Interim CEO for the Company on September 30, 2024, and has now been appointed as permanent CEO. Mikael has held several executive positions within banking, finance, payments, ecommerce and fintech industry. He most recently held the position of Managing Director at Avarda and prior to that as Managing Director for Santander Consumer Bank. On September 18, Avida

    Change of CEO in Avida Finans AB (publ)

    The Board of directors in Avida Finans AB (publ) (”Avida” or the “Company”) has resolved that Mikael Johansson shall take on the position as interim CEO in the Company from and including September 30, 2024.Before joining Avida, Mikael Johansson has held several executive positions within banking, finance, payments, ecommerce and fintech industry. He most recently held the position of Managing Director at Avarda and prior to that as Managing Director for Santander Consumer Bank. Current CEO, Tine Wollebekk, will step down as CEO with effect from September 30, 2024. The decision follows

    Avida Finans acquires Santander’s Credit Card and Sales Financing Business

    Avida Finans AB (publ) (Avida), a specialist in consumer and SME financing, has today entered into an agreement to acquire the performing Swedish and Norwegian credit card business of Santander Consumer Bank AS, as well as the sales financing business that Santander Consumer Bank currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden. The acquisition increases Avida’s reach and creates new opportunities, particularly in credit cards and sales financing.The acquired business includes approximately 450 000 private customers with a total outstanding performing loan

    Avida Finans AB (publ) publishes bond prospectus and applies for admission to trading of bonds on Nasdaq Stockholm

    Stockholm, 13 August 2024 at 11.30 CEST Avida Finans AB (publ) (the "Company") issued on 8 July 2024 perpetual additional tier 1 bonds in an amount of SEK 200,000,000. The bonds carry a floating interest rate of STIBOR 3m + 13 per cent. per annum. The Company will apply for admission to trading of the bonds on the Corporate Bond list at Nasdaq Stockholm. The bonds will be admitted to trading at Nasdaq Stockholm as soon as possible. In connection with this, the Company has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial

    Avida announces that the conditions for the early redemption of its existing AT1 bonds have been fulfilled

    Avida Finans AB (publ) ("Avida" or the "Company") announced on 13 June 2024 that it intends to redeem in full all of its outstanding AT1 bonds with ISIN SE0012729085 (the "Bonds" and "Early Redemption").The Early Redemption was conditional upon the successful issuance and settlement of new AT1 bonds (the "New Bonds"). The issuance and settlement of the New Bonds have now occurred and the conditions for the Early Redemption have therefore been fulfilled. The Early Redemption is therefore no longer conditional and will consequently occur on 18 July 2024. The redemption price together with

    Avida announces conditional early redemption of existing perpetual additional tier 1 bonds

    Avida Finans AB (publ) (the "Company") announces today that it will redeem in full its outstanding perpetual tier 1 bond loan with ISIN SE0012729085 (the "Bonds" and "Early Redemption") subject to the successful issuance of new bonds as announced by the Company through a separate announcement today. Provided that the conditions for Early Redemption are met (which will be announced separately), the Bonds will be redeemed on 18 July 2024 (the "Redemption Date") provided that the conditions for Early Redemption as specified in the notice of Early Redemption is satisfied (or, in the Company'

    Avida has successfully completed its bookbuilding for a SEK 200 million additional tier 1 instruments

    Avida Finans AB (publ) ("Avida" or the "Company") has successfully completed the bookbuilding for the Company's SEK 200 million additional tier 1 issue (the "New AT1 Instrument"). Subject to a successful issuance and settlement of the New AT1 Instrument, the proceeds will be used to finance the early redemption of Avida's existing additional tier 1 instrument with ISIN SE0012729085 (the "Existing AT1 Instrument"). The redemption is expected to occur on or about 18 July 2024. If issuance and settlement of the New AT1 Instrument occurs, the Company will inform the market by way of a press

    Avida investigates the possibility to issue additional tier 1 bonds

    Avida Finans AB (publ) (the "Company") has mandated Arctic Securities AS, filial Sverige, and DNB Markets, as part of DNB Bank ASA, Sweden Branch, as joint bookrunners to arrange a series of fixed income investor meetings commencing on 10 June 2024. Subject to, inter alia, market conditions a new additional tier 1 floating rate bond issue of a total aggregate amount of up to SEK 200 million may follow. The proceeds from the potential bond issue will be used towards redemption of the Company's existing additional tier 1 bond with ISIN SE0012729085 (the "Existing AT1"). In connection with

    Avida Finans AB engages with potential AT1 investors ahead of first call date

    Avida Finans AB ("Avida") has initiated discussions with potential investors for a new Additional Tier 1 issuance, the proceeds of which will be used to redeem Avida's existing AT1 bonds with ISIN SE0012729085 (the "Existing AT1"). Pending the outcome of those discussions, Avida does not intend to call its Existing AT1 on the upcoming first call date on 26 June 2024. Avida continues to explore possibilities for a call to take place as soon as possible after the first call date.  This communication aims to provide transparency, reflecting Avida's focus on maintaining positive investor

    Avida Finans AB (publ) publishes bond prospectus and applies for admission to trading of bonds on Nasdaq Stockholm

    Avida Finans AB (publ) (the "Company") issued on 27 October 2023 subordinated tier 2 bonds in an amount of SEK 250,000,000. The bonds carry a floating interest rate of STIBOR 3m + 9.25 per cent. per annum and mature on 27 January 2034. The Company will apply for admission to trading of the bonds on the Corporate Bond list at Nasdaq Stockholm. The bonds will be admitted to trading at Nasdaq Stockholm as soon as possible. In connection with this, the Company has prepared a prospectus. The prospectus has been approved by, and registered with, the Swedish Financial Supervisory Authority

    Avida Finans AB (publ) announces a change of CFO.

    Avida Finans AB (publ) has appointed Peter Franks as Interim CFO. Peter Franks has over 30 years’ experience serving across the spectrum of the international financial services sectors. He replaces current CFO Pehr Olofsson, who will take up a new position within Avida where he will establish and head the new business area, and have product ownership for, the recently started alliance with the Norwegian & Strawberry-owned loyalty company, which is under formation. “I am very happy that we have managed to attract such an experienced person as Peter to the important role of CFO in Avida”,

    Avida's rights issue oversubscribed

    On the 27[th] of March 2023, the board of directors of Avida Finans AB (publ) (”Avida” or the ”Company”) resolved on a rights issue of no more than SEK 201,646,740 with preferential rights for existing shareholders (the ”Rights issue”), subject to the approval of the general meeting of shareholders. On the 20[th] of April 2023, the extraordinary general meeting of Avida resolved to approve the Rights Issue. The subscription period in the Rights Issue ended on 10[th] of May 2023. In total, 8,135,824 shares, corresponding to approximately 80.7 percent of the Rights Issue, was subscribed by

    Bulletin from the extraordinary general meeting in Avida Finans AB (publ)

    The extraordinary general meeting in Avida Finans AB (publ) (”Avida” or the ”Company”) that was held today on the 20[th] of April 2023 resolved to approve the board of directors' resolution on a rights issue of no more than SEK 201,646,740 with preferential rights for existing shareholders (the ”Rights issue”).The Rights issue amount to no more than 10,082,337 shares, with a subscription price of SEK 20.00 per share. Subscription for new shares with subscription rights will take place through payment for the newly-issued shares during the period 26[th] of April – 10[th] of May 2023.

    The Board of Avida Finans AB (publ) resolves on a rights issue, subject to the approval of the General Meeting, and convenes an extraordinary General Meeting

    Not for release, distribution or publication in the United States, the United Kingdom, Australia, Japan, Canada, New Zealand, South Africa, Switzerland or any other jurisdiction in which the release, distribution or publication would be unlawful or require registration or any other measure in accordance with applicable law. The board of directors of Avida Finans AB (publ) (”Avida” or the ”Company”) has today resolved on a rights issue of no more than SEK 201,646,740 with preferential rights for existing shareholders (the ”Rights issue”), subject to the approval of the general meeting of

    Avida sells Finnish portfolio of overdue private loans to Modhi

    Avida has signed an agreement to sell the company's portfolio of overdue Finnish private loans to the debt collection company Modhi. The sale is the first transaction of this type for Avida, and it will be followed by several similar sales in the future.“We experienced great interest in the market for our Finnish private loan portfolio”, says Pehr Olofsson, interim CEO at Avida. After an initial phase with several stakeholders on the buying side, we chose to sign an agreement with Mohdi and their Finnish operations as they offered the best overall solution for us and Modhi has been very

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