Samara Asset Group Closes the Majority of the Acquisition of Multiple Funds from the December 2023 Transaction

Malta, Sept. 17, 2024. Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is pleased to announce it has successfully been able to close the majority of a purchase agreement signed in December 2023 relating to the acquisition of Limited Partnership interests in multiple funds. A small fraction of the transaction is yet to be completed but is expected to close and be announced via Corporate News in the coming days, bringing the entirety of the December 2023 transaction to a close.

As highlighted in the Ad Hoc statement issued on December 12, 2023, which first announced the purchase agreement, the transaction was completed in multiple steps, including a built-in price adjustment in the event that the aggregate net asset value of the assets in the FY23 audited accounts of the underlying funds differs from the aggregate valuation originally attributed to them in the purchase agreement in December 2023. With the entirety of the fund’s audits being completed in the late summer, thus finalizing the valuation of the assets in the fund’s as of Dec. 31, 2023, Samara is now finally able to bring the transaction to a close.

“This marks the completion of our transition from Cryptology, our former brand as a ‘crypto holding company’, into Samara, the stalwart foundation from which the best investment seeds grow,” said Patrick Lowry, Samara CEO. “This opens the new chapter for Samara and its shareholders, as together we will invest in the best emerging managers backing the best entrepreneurs in the world in our unrelenting pursuit of advancing humanity through innovation. And yes, we will continue to stack as much Bitcoin as we are possible. I will address the completion of this transition in more depth, as well as lay out my vision for Samara’s future in more detail in a Shareholder Letter I will publish in the coming days.”

With the bulk of the transaction now complete, Samara’s has an updated Authorized Share Capital of 121 million Ordinary Shares and has Issued Capital of 91,637,959 Ordinary Shares of €0.05 each. It is expected in the coming weeks that approximately another 550,000 shares will be issued, bringing the transaction to a complete close. An additional Corporate News will be issued once the transaction is completely ratified by all relevant parties and service providers where the final calculation of Issued Capital will be made available.

About Samara Asset Group p.l.c.

Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is the stalwart foundation from which the strongest investment seeds grow. We leverage our robust balance sheet to seed the best emerging asset managers and back the world’s best builders in our unrelenting pursuit of advancing humanity through innovation, and we “hodl” Bitcoin! We deploy our assets in external managers and through our digital asset management platform, Samara Alpha Management, investing in cutting-edge, under-the-radar managers with the aim to deliver outsized risk-adjusted returns to our shareholders.

Samara was co-founded by Christian Angermayer’s family office, Apeiron Investment Group, crypto legend Mike Novogratz, and is led by CEO Patrick Lowry.

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

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