{"id":28940,"date":"2022-07-15T10:50:18","date_gmt":"2022-07-15T05:50:18","guid":{"rendered":"https:\/\/pr.asianetpakistan.com\/?p=94966"},"modified":"2022-07-15T10:50:18","modified_gmt":"2022-07-15T05:50:18","slug":"azerion-raises-e10-5-million-in-equity","status":"publish","type":"post","link":"https:\/\/myanmarnewsgazette.com\/azerion-raises-e10-5-million-in-equity\/","title":{"rendered":"Azerion raises \u20ac10.5 million in equity"},"content":{"rendered":"
\n

Amsterdam<\/strong>, <\/strong>1<\/strong>5<\/strong> July 2022<\/strong> – <\/strong>Azerion today announces a small equity capital raise of \u20ac10.5 million in the form of a private placement of existing ordinary treasury shares of Azerion, predominantly to Azerion\u2019s co-CEO\u2019s investment vehicles. The price of the private placement reflects a 5% discount on Azerion\u2019s closing share price of 13 July 2022. Azerion intends to use the net proceeds from the placement to support growth opportunities and for general corporate purposes, adding to the operating cash flows generated by the business.<\/p>\n

Atilla Aytekin, co-CEO of Azerion, commented: \u201cThis equity raise supports the funding of<\/em> our<\/em> growth, including the recently announced acquisition of <\/em>Madvertise\u2019s<\/em> subsidiaries in Germany and France<\/em>,<\/em> as well as <\/em>a number of<\/em> potential <\/em>additional asset purchase opportunities<\/em> in the current pipeline<\/em>. <\/em>It is a relatively small raise driven by market opportunities<\/em>,<\/em> and <\/em>as our M&A pipeline matures<\/em>,<\/em> we could consider <\/em>raising more<\/em> equity in the near term.<\/em>“<\/em><\/p>\n

As a result of this private placement, Azerion will transfer to a limited group of investors a total of 1,442,307 existing ordinary shares held in treasury by Azerion for \u20ac7.28 per share. The participating investors will not be subject to any lock-up arrangements. The private placement is expected to be settled on 19 July 2022.<\/p>\n

Contact<\/strong>
\nInvestor Relations
\nir@azerion.com<\/a><\/p>\n

Media
\npress@azerion.com<\/a><\/p>\n

DISCLAIMER<\/strong><\/p>\n

This communication may contain information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.<\/p>\n

The companies in which Azerion Group N.V. directly and indirectly owns investments are separate legal entities. In this announcement \u201cAzerion\u201d, \u201cAzerion Group\u201d and \u201cGroup\u201d are sometimes used for convenience where references are made to Azerion Group N.V. and its subsidiaries in general. Likewise, the words \u201cwe\u201d, \u201cus\u201d and \u201cour\u201d are also used to refer to Azerion Group N.V. and its subsidiaries in general or to those who work for them.<\/p>\n

This press release is for information purposes only. The information contained in this press release does not purport to be full or complete and, in particular, is not intended to form the basis of any investment decision. No reliance may be placed by any person for any purpose on the information contained in this press release or its accuracy, fairness or completeness. Azerion will not be held liable for any loss or damages of any nature ensuing from using, trusting or acting on information provided.<\/p>\n

This press release may include forward-looking statements. All statements other than statements of historical facts may be forward-looking statements. Words and expressions such as believes, estimates, plans, projects, anticipates, expects, intends, may, will, should or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause the actual results of Azerion to differ materially from future results expressed or implied by such forward-looking statements. Any forward-looking statements reflect Azerion’s current views and assumptions based on information currently available to Azerion’s management. Forward-looking statements speak only as of the date they are made, and Azerion does not assume any obligation to update such statements, except as required by law. No assurances can be given that the forward-looking statements will be realised. No representation or warranty is made that any of these forward-looking statements will come to pass or that any estimated result will be achieved. Accordingly, no undue reliance should be placed on any forward-looking statements.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Amsterdam, 15 July 2022 \u2013 Azerion today announces a small equity capital raise of \u20ac10.5 million in the form of a private placement of existing ordinary treasury shares of Azerion, predominantly to Azerion\u2019s co-CEO\u2019s investment vehicles. The price of the private placement reflects a 5% discount on Azerion\u2019s closing share price of 13 July 2022. 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