Management Board of Venture INC S.A. “Emient” informs that on November 25, 2020 an investment agreement was signed between the Issuer, Patent Fund SA (“Company”) and Movie Games SA (“Investor”) for the sale of 5,500,000 shares of the Company “Agreement” held by the Issuer for the Investor.
The sale of 5,500,000 shares of the Company between the Issuer and the Investor or entities indicated by him will take place within 3 days from the date of signing the investment agreement. Pursuant to the Agreement, the Company and the Issuer will take actions, among others: to repeal Resolution No. 8/06 / ZWZ / 2020 of the Company’s ordinary general meeting of June 30, 2020 on the dissolution of the company and the opening of liquidation of the company. Additionally, the parties to the Agreement decided to increase the share capital of the Company by issuing 177,600,000 series I ordinary bearer shares, which will be acquired in full by the shareholders of Pixel Crow sp.z o.o. with its registered office in Warsaw, in return for a non-cash contribution in the form of Pixel Crow shares, the valuation of which will be made and provided to the Company and the Issuer by the Investor. After the new issue, the Issuer will hold 3,653,585 shares, which will constitute 1.94% of the Company’s share capital.
The consent of the parties participating in the Agreement is that the Company undertakes actions resulting in the cancellation of the liquidation of the Company, in connection with the intention to continue its business activities within the Company.
Art. 17 sec. 1 of MAR – confidential information.