27 Jun 2024 16:14 CEST
MUTTER VENTURES, S.A.
Barcelona, on June 27th, 2024
On June 26th, 2024, MUTTER VENTURES (hereinafter "MUTTER" or "The Company") formalized the sale of 579 shares of the company SALDADOS, S.L. (hereinafter "SALDADOS" or "The Subsidiary") for the amount of 526.174 euros to a current shareholder of SALDADOS ("The Buyer") in the structure detailed below:
• A total of 266 shares of SALDADOS were sold through a cash payment of 266.429 euros.
• A total of 313 shares of SALDADOS were sold through the contribution of a credit right worth 299.745 euros in advertising services from a leading audiovisual group in Spain.
After this initial partial divestment, MUTTER VENTURES still holds 1.647 shares of SALDADOS, representing 35.05% of the share capital.
Additionally, on June 26th, 2024, a sales agreement was formalized with The Buyer, under which MUTTER will divest its remaining 1.647 shares for 2,09 million euros between 2025 and 2027, subject to the accomplishment of a Business Plan in the Subsidiary, bringing MUTTER's total divestment in SALDADOS to 2,62 million euros.
This corporate operation represents the first divestment by MUTTER and marks the closing of an investment cycle since the Company was established in 2019. With this operation, MUTTER will realize a return on its investment of more than 6x times the invested capital by the end of the 2027 fiscal year.
_________________________
Cristian Rodríguez Fornós
Chairman of the Board of Directors
sale-significant-shares-subsidiary.pdf
MUTTER VENTURES
Euronext
MUTTER VENTURES, S.A.
ES0105697009
MLMUT
Euronext Access
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Mutter Ventures, SA published this content on 27 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2024 14:19:21 UTC.