EQS-Adhoc

Samara Asset Group p.l.c. enters into a purchase agreement for the acquisition of various fund

EQS-Ad-hoc: Samara Asset Group p.l.c. / Key word(s): Strategic Company Decision/Acquisition Samara Asset Group p.l.c. enters into a purchase agreement for the acquisition of various fund 12-Dec-2023 / 20:30 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Public Disclosure under MAR Article 17

  

• Samara Asset Group p.l.c. enters into a purchase agreement for the acquisition of various fund shares and Limited Partnership interests with a net asset value of approx. EUR 121.4 million in total
• Partial payment for those fund stakes to be funded in kind through a share issue

 

Sliema, Malta, 12 December 2023. Samara Asset Group p.l.c. (ISIN: MT0001770107; Ticker: SRAG:GR) (“Samara”) announces that today it has signed a purchase agreement with Apeiron Investment Group Limited (C 51843) (“AIG”) pursuant to which Samara shall acquire shares / Limited Partnership interests in four venture capital funds (the “Stakes”), with underlying holdings in approx. 115 companies, predominantly in Europe and the US, across the Crypto, Fintech, Deep Tech and Life Sciences sectors. The combined net asset value of the Stakes, which is also the purchase price, amounts to approx. EUR 121.4 million.

This transaction strengthens Samara’s balance sheet and Samara’s positioning as a holding company in crypto, tech and life sciences.

The transaction is planned to be carried out in two steps, as described below.

As a first step Samara will acquire Stakes in one of the funds ("Assets”) from AIG with a net asset value (and hence purchase price) of approx. EUR 47.6 million. The consideration payable by Samara for this first step of the transaction consists of (a) a cash component in the amount of approx. EUR 10.0 million and (b) a share component whereby Samara will transfer (i) approx. 1.2 million shares in Northern Data AG (a German company, ISIN: DE000A0SMU87), and (ii) approx. 4.8 million ordinary shares in Samara (i.e. treasury shares) to AIG. This step of the transaction is expected to close today.