Samara Asset Group Sells its Block.one Stake, Intends to Announce a Dividend of EUR 1.30 per Share
June 19, 2023
Malta, June 19, 2023. Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) has sold its entire stake in crypto company Block.one for a cash consideration of approximately USD 118.9 million, or roughly EUR 109.7 million.
Samara’s management intends to propose a dividend of EUR 1.30 per share, which equals a total gross amount of approx. EUR 74 million being distributed to shareholders as a cash dividend. An invitation to an extraordinary shareholder meeting to approve the intended dividend including all details and timelines will be issued shortly.
The remaining estimated Net Asset Value of Samara, after the distribution of EUR 1.30 per share as a dividend, would be EUR 2.41 per share, ceteris paribus as of June 14, 2023. The proceeds from the sale of Block.one shares are reflective of the estimated fair value Samara’s management assigned Block.one for its internal estimated NAV calculation.
The remaining cash amount from the Block.one sale will be used to further strengthen Samara’s balance sheet, primarily with new investments in promising venture and hedge funds in the technology and blockchain space, to grow the Samara Alpha Asset Management platform as well as for strategic, direct investments into promising technology and blockchain companies.
Furthermore, Samara’s management team continues to regard Samara’s stock as undervalued and will continue its share buyback program, which began last July.
About Samara Asset Group p.l.c.
Samara Asset Group (ISIN: MT0001770107; Ticker: SRAG:GR) is a deep-tech powered alternative asset manager with a hyperfocus on alpha-generating strategies and Bitcoin. We leverage our robust balance sheet to seed and invest in funds of emerging asset managers, primarily on the Samara Alpha platform, and back the world’s best builders in the Bitcoin ecosystem.
Samara was co-founded by Christian Angermayer’s family office, Apeiron Investment Group, crypto legend Mike Novogratz, and is led by CEO Patrick Lowry. We believe the future of finance lies in decentralization and democratization, empowered by Bitcoin.
Samara Asset Group p.l.c.
66/67, Beatrice, Amery Street,
Sliema, SLM 1707, Malta