Yoda PLC acquired VYP Group Ltd from Ioannis Papalekas and Vasileios Papalekas for approximately €260 million on February 23, 2023. The consideration was paid by allotting ordinary shares of Yoda - 410.56 million shares to Ioannis Papalekas and 102.64 million shares to Vasileios Papalekas. The number of the consideration shares issued and allotted by Yoda as consideration for the transfer of the contributed shares, is based on the fair value of VYP, which as per the valuation performed by an independent valuer, is estimated approximately €260 million. As per the unaudited consolidated management accounts as at December 31, 2022, VYP received rental income of €11.73 during 2022 and its total assets amounted to €256.6 million. Marios Alexandrou, Alon Bar, Vasileios Papalekas and Ioannis Papalekas will have personal direct or indirect interest in Yoda and in VYP. The deal has been approved by the Board of Directors and the shareholders of Yoda who have waived, in writing, all their pre-emption rights in connection with the issuance and allotment of the consideration shares.

Yoda PLC completed the acquisition of VYP Group Ltd from Ioannis Papalekas and Vasileios Papalekas on February 23, 2023.