AFM has initiated an investigation into irregularities in trading of Azerion shares
13 Mars 2023 - 8:00AM
Amsterdam, 13 March 2023 – Today Azerion has
announced an investigation by the Autoriteit Financiële Markten
(AFM), which according to AFM-information known to the Company,
appears to be related to compliance with article 15 of the Market
Abuse Regulation and seems to be focused on the shareholders of
Principion Holding B.V., including Azerion co-CEOs Atilla Aytekin
and Umut Akpinar. Principion is Azerion’s largest shareholder.
Based on the information available and the information provided
by co-CEO Atilla Aytekin, he decided, in close consultation with
the Supervisory Board, that the interests of the Company and its
stakeholders are best served by him temporarily stepping aside at
this moment in time from his duties and responsibilities as co-CEO
of the Company.
The operational leadership of the Company remains with Azerion’s
Executive Committee and broader leadership team, with Umut Akpinar
as CEO and Ben Davey as CFO. This is a continuation of the current
day-to-day practice for organic and inorganic activities. The team
remains focused on fulfilling Azerion’s strategy and dedicated
execution of the business plan.
The AFM approached Azerion on Tuesday 7 March 2023 to obtain
information. The Company is fully available to answer any questions
of the AFM.
The Supervisory Board has installed a Special Committee to steer
the process and to be kept fully informed.
The Company is limited in its possibilities to provide further
information pending the investigation, and will share information
if and when appropriate.
About AzerionAzerion is a high-growth digital
entertainment and media platform. As a content-driven, technology
and data company, Azerion serves consumers, digital publishers,
advertisers, and game creators globally. Azerion’s integrated
platform provides technology solutions to automate the purchase and
sale of digital advertising for media buyers and sellers, supported
by in-market sales and campaign management teams. Through our
technology, content creators, digital publishers and advertisers
work with Azerion to reach the millions of people across the globe
that play Azerion’s games and view its distributed entertainment
content to increase engagement, loyalty, and drive e-commerce.
Founded in 2014 by two Dutch entrepreneurs, Azerion has
experienced rapid expansion driven by organic growth and strategic
acquisitions. Azerion is headquartered in Amsterdam, the
Netherlands and is a publicly traded company listed on Euronext
Amsterdam.
This press release contains information that qualifies as inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation.
For more information visit: www.azerion.com
ContactInvestor Relationsir@azerion.com
Mediapress@azerion.com
DISCLAIMER
The companies in which Azerion Group N.V. directly and
indirectly owns investments are separate legal entities. In this
announcement “Azerion”, “Azerion Group”, “Company” and “Group” are
sometimes used for convenience where references are made to Azerion
Group N.V. and its subsidiaries in general. Likewise, the words
“we”, “us” and “our” are also used to refer to Azerion Group N.V.
and its subsidiaries in general or to those who work for them.
This press release is for information purposes only. The
information contained in this press release does not purport to be
full or complete and, in particular, is not intended to form the
basis of any investment decision. No reliance may be placed by any
person for any purpose on the information contained in this press
release or its accuracy, fairness or completeness. Azerion will not
be held liable for any loss or damages of any nature ensuing from
using, trusting or acting on information provided.
This press release may include forward-looking statements. All
statements other than statements of historical facts may be
forward-looking statements. Words and expressions such as believes,
estimates, plans, projects, anticipates, expects, intends, may,
will, should or other similar words or expressions are typically
used to identify forward-looking statements. Forward-looking
statements are subject to risks, uncertainties and other factors
that are difficult to predict and that may cause the actual results
of Azerion to differ materially from future results expressed or
implied by such forward-looking statements. Any forward-looking
statements reflect Azerion's current views and assumptions based on
information currently available to Azerion's management.
Forward-looking statements speak only as of the date they are made,
and Azerion does not assume any obligation to update such
statements, except as required by law. No assurances can be given
that the forward-looking statements will be realised. No
representation or warranty is made that any of these
forward-looking statements will come to pass or that any estimated
result will be achieved. Accordingly, no undue reliance should be
placed on any forward-looking statements.
Azerion Group NV (EU:AZRN)
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