Principion and LDA Capital signed a Put Option Agreement for up to 10 million Azerion shares
December 30 2022 - 2:00AM
Amsterdam, 30 December 2022 –
Today, Azerion has announced that its largest shareholder,
Principion Holding BV, has signed a put option agreement with LDA
Capital Limited for the sale of up to 10 million ordinary shares in
Azerion, with the primary purpose of supporting liquidity of
Azerion’s shares and directing part of the proceeds to fund growth
in Azerion.
Azerion CEO, Atilla Aytekin,
commented: “I am pleased to welcome another institutional investor
into Azerion’s shareholder base. On the back of our Strategy Deep
Dive in November 2022, we continued engaging with the market and
have seen a growing interest from investors in our investment case.
For 2023, we envisage to grow our exposure to institutional
investors and the liquidity of our stock.”
The put option agreement grants Principion
Holding BV the option to sell Azerion ordinary shares to LDA
Capital Limited in tranches that can, in aggregate, add up to 10
million shares or €50 million over 3 years. The volume and price of
each tranche will be the result of a formula that takes into
account Azerion shares trading volumes and price. Principion
Holding BV is one of the investment vehicles of Azerion’s founders
and holds over 48 million ordinary shares in Azerion.
Contact:Investor
Relationsir@azerion.com
Mediapress@azerion.com
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