After the management change of AS Monify on the 17th of September, iuvo is now in contact with the new people in charge of the originator. We are communicating with the Commercial Director Vjaceslav Jurgelevic. The company is going to analyze their previous business process and they will make an offer for repayment or restructuring of their debt. Considering that, payments and buyback guarantee activation will be suspended for 60 days. Iuvo, of course, will try to shorten the initially offered period.
The new Management of AS Monify has serious ambitions for company development, which we expect to share with you as soon as possible.