Azerion confirms cancellation of 58,690,961 Treasury Shares
23 August 2023 - 7:30AM
Azerion confirms cancellation of 58,690,961 Treasury Shares
Amsterdam, 23
August 2023 – Azerion is pleased to confirm the
completion of the cancellation of 58,690,961 of its ordinary shares
held in treasury in line with the resolution of the company’s
shareholders at the Annual General Meeting held on 15 June
2023.
After the cancellation, a total of 2,906,088
Azerion ordinary shares will remain held in treasury for purposes
including employee bonus schemes, earn outs from previous
acquisitions of the Company and other general corporate
purposes.
Following cancellation of the treasury shares,
as of 23 August 2023, the ordinary shares outstanding in Azerion
Group N.V. may be summarised as follows:
Share summary table |
|
Ordinary Shares (excl. Treasury) |
119,964,699 |
Ordinary Shares in Treasury |
2,906,088 |
Total Ordinary Shares |
122,870,787 |
The respective treasury shares will be removed
from trading on Euronext Amsterdam in accordance with their usual
processes.
About Azerion
Founded in 2014, Azerion (EURONEXT: AZRN) is one of Europe’s
largest digital advertising and entertainment media platforms. We
bring global scaled audiences to advertisers in an easy and
cost-effective way, delivered through our proprietary technology,
in a safe, engaging, and high quality environment, utilizing our
strategic portfolio of owned and operated content with
entertainment and other digital publishing partners.
Having its roots in Europe and with its headquarters in
Amsterdam, Azerion has commercial teams based in over 26 cities
around the world to closely support our clients and partners to
find and execute creative ways to make a real impact through
advertising.
For more information visit: www.azerion.com
Contact:Investor Relationsir@azerion.com
Mediapress@azerion.com
DISCLAIMERThis communication may include
forward-looking statements. All statements other than statements of
historical facts are, or may be deemed to be, forward-looking
statements. Forward-looking statements include, among other things,
statements concerning the potential exposure of Azerion to market
risks and statements expressing management’s expectations, beliefs,
estimates, forecasts, projections, and assumptions. Words and
expressions such as aims, ambition, anticipates, believes, could,
estimates, expects, goals, intends, may, milestones, objectives,
outlook, plans, projects, risks, schedules, seeks, should, target,
will or other similar words or expressions are typically used to
identify forward-looking statements. Forward-looking statements are
statements of future expectations that are based on management’s
current expectations and assumptions and involve known and unknown
risks, uncertainties and other factors that are difficult to
predict and that could cause the actual results, performance, or
events to differ materially from future results expressed or
implied by such forward-looking statements contained in this
communication. Readers should not place undue reliance on
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 or revise such statements as a result of new information,
future events, or other information, except as required by law.
This communication does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities or any other
financial instruments.
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