PRESS RELEASE

from Cryptology Asset Group PLC (isin : MT0001770107)

Samara’s Proposed Dividend of EUR 1.30 per Share is proposed to have a Record Date of July 4, 2023, same as the EGM Date

EQS-News: Samara Asset Group p.l.c. / Key word(s): Statement/Dividend
Samara’s Proposed Dividend of EUR 1.30 per Share is proposed to have a Record Date of July 4, 2023, same as the EGM Date

28.06.2023 / 12:02 CET/CEST
The issuer is solely responsible for the content of this announcement.


Corporate News

 

Samara Asset Group p.l.c. (Samara)
Malta, 06.28.2023

 

Samara’s Proposed Dividend of EUR 1.30 per Share is proposed to
have a Record Date of July 4, 2023, same as the EGM Date

 

Malta, June 28, 2023. Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) announced earlier this month it has sold its entire stake in crypto company Block.one for a cash consideration of approximately USD 118.9 million, or roughly EUR 109.7 million. Samara’s management announced its intention to propose a dividend of EUR 1.30 per share, which equals a total gross amount of approx. EUR 74 million being distributed to shareholders as a cash dividend.

An EGM to ratify the dividend was announced to be held on July 4, 2023, which will be used as the record date of the dividend. Should the dividend proposal pass, shareholders of Samara at the end of trading on July 4, 2023, according to custody records, will be eligible to participate in the proposed dividend. The intended payment date of the dividend is July 5, 2023, subject to shareholder approval.

The remaining estimated Net Asset Value of Samara, after the distribution of EUR 1.30 per share as a dividend, would be EUR 2.41 per share, ceteris paribus as of June 14, 2023. The proceeds from the sale of Block.one shares are in line with the estimated fair value Samara’s management assigned Block.one for its internal estimated NAV calculation. 

The remaining cash amount from the Block.one sale will be used to further strengthen Samara’s balance sheet, primarily with new investments in promising venture and hedge funds in the technology and blockchain space, to grow the Samara Alpha Asset Management platform as well as for strategic, direct investments into promising technology and blockchain companies.

Furthermore, Samara’s management team continues to regard Samara’s stock as undervalued and will continue its share buyback program, which began last July.
 

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.

Samara was co-founded by Christian Angermayer’s family office, Apeiron Investment Group, crypto legend Mike Novogratz, and is led by CEO Patrick Lowry. We believe the future of finance lies in decentralization and democratization, empowered by Bitcoin.

 

Media Contact:

Samara Asset Group p.l.c.

66/67, Beatrice, Amery Street,

Sliema, SLM 1707, Malta

https://samara-ag.com/

E-mail: info@samara-ag.com



28.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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 Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange
EQS News ID:1667683

 
End of NewsEQS News Service

1667683  28.06.2023 CET/CEST

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