94% of votes tabulated to date are in favour
of the amendments
VANCOUVER, May 19, 2020 /PRNewswire/ - Mogo Inc. (TSX:MOGO)
(NASDAQ:MOGO) ("Mogo" or the "Company"), one of Canada's leading financial technology
companies, announced today that it has received a positive response
from holders of its convertible senior secured debentures (TSX:
MOGO.DB) (the "Convertible Debentures") regarding the
previously announced amendments (the "Amendments") to be considered
at the meeting of holders of the Convertible Debentures
("Convertible Debentureholders") to be held on May 22, 2020 (the "Meeting").
In a preliminary tally following the early consent deadline of
May 15, 2020, proxies representing
more than 68% of the principal amount of Convertible Debentures
outstanding have been tabulated, with 94% of the votes received to
date in favour of the Amendments.
For the Amendments to be approved, holders representing at least
25% of the principal amount of Convertible Debentures outstanding
must be represented live or by proxy at the Meeting and at least 66
⅔% of these holders must vote FOR the extraordinary resolution
approving the Amendments.
In light of the ongoing COVID-19 public health emergency, the
Company will be conducting the Meeting as a virtual-only meeting
via live audio webcast. All Convertible Debentureholders,
regardless of geographic location, will have an equal opportunity
to participate in the Meeting online but will no longer be able to
attend the Meeting in person. Convertible Debentureholders may
continue to submit, amend or revoke their proxies and voting
information forms at any time prior to 1:00
pm (Vancouver time) on
Wednesday, May 20, 2020.
The Company's management information circular describing the
formal business to be conducted at the Meeting, as supplemented by
a press release issued on May 7,
2020, and detailed instructions about how to participate in
the Meeting are available on the Investors section of the Company's
website at https://investors.mogo.ca .
Meeting Access Information
Date: Friday, May 22, 2020
Time: 1:00 pm PDT
Live Audio Webcast Online at:
https://web.lumiagm.com/202771137
Meeting ID: 202771137
Password: mogo2020
About Mogo
Mogo — a financial technology company — offers a finance app
that empowers consumers with simple solutions to help them get in
control of their financial wellness. Financial wellness continues
to be the #1 source of stress across all demographics and highest
among millennials. At Mogo, users can sign up for a free account in
only three minutes and begin to learn the 4 habits of financial
health and get convenient access to products that can help them
achieve their financial goals. The Mogo platform has been
purpose-built to deliver a best-in-class digital experience, with
best-in-class products all through one account. With more than one
million members and a marketing partnership with Canada's largest news media company, Mogo
continues to execute on its vision of becoming the go-to financial
app for the next generation of Canadians. To learn more, please
visit mogo.ca or download the mobile app (iOS or Android).
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SOURCE Mogo Inc.
