LONDON - Investment Evolution Credit plc (AQSE: IEC), a global fintech group specializing in online consumer loans, has announced its annual general meeting (AGM) to be held at the end of this month. The meeting, scheduled for January 31, 2025, at the company's London office, will address several key corporate matters, including the annual financial report and the re-election of directors.
The AGM will take place at 4:00 p.m. at 60 Gracechurch Street, where shareholders will review the company's financial performance and deliberate on the appointment of auditors. Additionally, the meeting will consider granting the board increased authority to conduct future equity fundraisings and explore potential acquisitions of consumer finance companies or loan books in alignment with IEC's strategic business plan.
IEC operates under the consumer brand Mr. Amazing Loans in the United States, holding state consumer lending licenses in California, Florida, Georgia, Illinois, Nevada, and New Jersey. With over 14 years of regulatory compliance, IEC has established a significant presence in the financial technology sector.
As part of its expansion strategy, IEC intends to replicate its U.S. lending model in the United Kingdom (TADAWUL:4280). The company plans to offer personal online loans ranging from £2,000 to £10,000 with fixed and affordable repayments. This UK market entry is contingent upon the successful acquisition of an existing UK Financial Conduct Authority (FCA) licensed consumer lender.
The directors of Investment Evolution Credit have taken responsibility for this announcement, which is based on a press release statement. The information provided is intended to keep shareholders and the investment community informed of the upcoming AGM and the company's strategic directions for future growth and expansion.
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