Mogo Inc., one of Canada’s leading financial technology companies, announced today that it will be relying on the exemptions provided in BC Instrument 51-315 – Temporary Exemption from Certain Corporate Finance Requirements and BC Instrument 51-516 – Temporary Exemptions from Certain Requirements to File or Send Securityholder Materials (and similar exemptions provided by the other Canadian securities regulators) in connection with the COVID-19 pandemic to postpone the filing of the following continuous disclosure documents pursuant to National Instrument 51-102 – Continuous Disclosure Obligations: (i) the Company’s interim financial report for the quarter ended March 31, 2020; (ii) the associated management’s discussion & analysis (together with the Company’s interim financial report for the quarter ended March 31, 2020, the “Q1 2020 Financial Reports”); and (iii) the executive compensation disclosure to be contained in its management information circular in connection with its annual general meeting of shareholders.
The Company currently expects to file Q1 2020 Financial Reports on or about June 2, 2020 and will issue a separate press release confirming the details of the Q1 2020 conference call for investors and analysts.
Until the Company has filed the Q1 2020 Financial Reports, members of the Company’s management and other insiders are subject to an insider trading black-out policy that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions. There have been no material business developments since the date of the Company’s annual financial statements for the year ended December 31, 2019 that have not been otherwise disclosed by the Company by way of a press release.
Mogo is also relying on the temporary blanket relief provided by the Canadian Securities Administrators to postpone the filing of its executive compensation disclosure required under applicable securities laws until such time as it is filed and delivered to shareholders as part of Mogo’s information circular relating to its 2020 annual general meeting of shareholders.