Key Details
| Name: | Investment Evolution Corporation |
| Seychelles Company Number: | 217938 |
| Share code: | IEC |
| Share price: | The IEC closing share price on MERJ Exchange can be viewed at: https://merj.exchange/exchange/market/listings |
| Country of Incorporation: | Incorporated in the Republic of Seychelles |
| Registered Address: |
105 First Floor Waterside Property Eden Island, Seychelles |
| Trading Address: |
106 First Floor Waterside Property Eden Island, Seychelles |
| Securities Exchange Listings: |
Investment Evolution Corporation is listed on the Main Board of the MERJ Exchange (Seychelles). More information about MERJ Exchange can be found on its website: https://merj.exchange |
Notifications and Publications
All market notifications and publications can be found at:
https://www.investmentevolution.com/media
and
Financial Statements
Calendar of Events
| 31 December 2021: | annual reporting date |
| 4 May 2022: | 2021 Annual General Meeting |
| 9 May 2022: | IEC Rights Issue Circular |
| 13 May 2022: | IEC Rights Issue opening date |
| 15 June 2022: | IEC Rights Issue closing date |
| 30 June 2022: | interim reporting date |
| 31 December 2022: | annual reporting date |
Business Activities
Investment Evolution Corporation (MERJ: IEC) is the Seychelles parent holding company of a group of fintech companies whose main business activities are consumer loans.
The group has been operating in the consumer finance industry in the United States since 2010 via licensed subsidiary Investment Evolution Corporation dba Mr. Amazing Loans (MRAL), which provides $5,000 - $10,000 USD online personal loans.
IEC also provides €1,000 and €2,000 online consumer loans in Spain, via subsidiary Investment Evolution UAB under the consumer brand IEC Credit.
Share Capital
As at 31 December 2021, 103,433,000 Ordinary Shares are in issue and 9.42% of the Ordinary Shares in issue are not in public hands (held by IEC Directors and 100% owned subsidiary company Investment Evolution Ltd.).
Significant shareholders
| Shareholder | Number of Shares | Percentage |
|---|---|---|
| Paul Mathieson | 36,263,785 | 35.06% |
| Sameer Prasad | 9,714,030 | 9.39% |
| Fenwick Corporation Pty Ltd | 4,594,100 | 4.44% |
| Lakshman Prasad | 4,323,225 | 4.18% |
| Clem Tacca Pty Ltd | 3,598,475 | 3.48% |
Directors
| Chairman | Sam Prasad |
| Director | Andrew Cassar |
| Director | Glendys Aguilera |
Contacts
| Company Secretary |
Andrew Cassar Dragonara Business Centre 5th Floor Dragonara Road St Julian’s STJ 3141 Malta |
| Sponsor Advisor |
PKF Capital Markets (Seychelles) Limited 104, First Floor, Waterside Property, Eden Island, Seychelles |
| Auditors |
Baker Tilly 1st Floor, CyberTower One Ebene 72201 Mauritius |