Common Contracts
1 similar Sale and Purchase Agreement contracts
AYONDO LTD.Sale and Purchase Agreement • May 8th, 2019
The Board of Directors (the “Board”) of ayondo Ltd. (“ayondo” or the “Company” together with its subsidiaries, the “Group”) refers to the Company’s announcement on 14 February 2019 (“Announcement”) in relation to the entering into a non-binding heads of terms with BUX Holdings B.V. (the “Purchaser”) for the disposal of the entire issued shares of ayondo Markets Limited (“AML”) held by Sycap Group (UK) Limited (“Sycap”) to the Purchaser (“Proposed Disposal”). The Board wishes to announce that the Company and Sycap, a 99.91%-owned subsidiary of ayondo Holding AG (“AHAG”), which in turn is a 99.97%-owned subsidiary of the Company, have, on 7 May 2019 entered into a sale and purchase agreement with the Purchaser for the Proposed Disposal. The Proposed Disposal will result in AML ceasing to be an indirect subsidiary of the Company.
