Multitude SE Announces Approval for Transfer of Registered Office to Malta

On March 21, 2024, Multitude SE, a European FinTech company known for its digital lending and online banking services, received approval from its Extraordinary General Meeting (EGM) for the relocation of its registered office to Malta. This strategic move, initially proposed by the Board of Directors, aligns with the Council Regulation (EC) No 2157/2001 allowing such transfers for European companies.

The decision is part of a larger strategy that aims to eventually relocate the company's operations to Switzerland. The transfer to Malta serves as the initial phase, with further plans to convert Multitude into a Maltese public limited liability company before moving to Switzerland by the end of 2024. The EGM not only approved the transfer but also introduced changes like altering the issuer central securities depository (CSD) to Malta Stock Exchange (MSE CSD) and amending the company's share capital.

Despite these significant administrative shifts, no shareholders opposed the move to demand redemption of shares. Multitude's transition remains contingent on satisfying prerequisites, including obtaining required approvals and registering in the Malta Business Registry, expected around June 30, 2024.

Additional resolutions by the EGM included the appointment of a Maltese company secretary, Ganado Services Limited, and the engagement of PricewaterhouseCoopers Malta as the company's auditor post-registration. Multitude assured that its shareholders would receive detailed instructions on the changes, especially regarding the issuer CSD transition.