CRYPTOLOGY ASSET GROUP PLC EQS-Adhoc: Samara Asset Group p.l.c. sells its Block.one stake for approx. EUR 109.7 million and intends to propose a dividend of EUR 1.30 per share
Transparency directive : regulatory news
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EQS-Ad-hoc: Samara Asset Group p.l.c. / Key word(s): Dividend Public Disclosure under MAR Article 17
Samara Asset Group p.l.c. sells its Block.one stake for approx. EUR 109.7 million and intends to propose a dividend of EUR 1.30 per share
Malta, 19 June 2023. Samara Asset Group p.l.c. (ISIN: MT0001770107; Ticker: SRAG:GR) (“Samara”) announces that today it has sold its entire stake in crypto company Block.one for a cash consideration of USD 118.9 million, or roughly EUR 109.7 million. Considering the book value of the Block.one stake on Samara’s balance sheet, the transaction is expected to result in a profit on sale of approx. USD 52 million, or EUR 48 million. Against this background, Samara’s management intends to propose a dividend of EUR 1.30 per share for a total amount of approx. EUR 74 million, to be resolved at an extraordinary shareholder meeting. About Samara Asset Group p.l.c. Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is a deep-tech powered alternative asset manager with a hyperfocus on alpha-generating strategies and Bitcoin. We leverage our robust balance sheet to seed and invest in funds of emerging asset managers, primarily on the Samara Alpha platform, and back the world’s best builders in the Bitcoin ecosystem.
Media Contact: Samara Asset Group p.l.c. 66/67, Beatrice, Amery Street, Sliema, SLM 1707, Malta E-mail: info@samara-ag.com End of Inside Information
19-Jun-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Samara Asset Group p.l.c. |
| Beatrice 66 & 67, Amery Street | |
| SLM 1707 Sliema | |
| Malta | |
| E-mail: | info@cryptology-ag.com |
| Internet: | cryptology-ag.com |
| ISIN: | MT0001770107 |
| WKN: | A2JDEW |
| Listed: | Regulated Unofficial Market in Dusseldorf |
| EQS News ID: | 1660563 |
| End of Announcement | EQS News Service |
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1660563 19-Jun-2023 CET/CEST