The Management Board of Venture INC ASI S.A. (“Issuer”) informs that on May 23, 2022, it signed agreements for the sale of shares in the portfolio company Infermedica Inc. based in Delware, USA (“Infermedica”). The total number of shares in Infermedica for sale is 408,300 shares, for a total amount of USD 2,177,259.75.
As a result of the sale agreements signed by both parties, the Issuer has sold a total of 297,850 shares of Infermedica for the total amount of USD 1,588,285.12. The Issuer anticipates the execution of the transaction of remaining shares for sale in the number of 110,450, with a value of USD 588,974.63 by May 30, 2022. The condition for the transfer of ownership of the shares to the buyer is payment for the shares within 30 days from the date of signing the Agreement.
Before the transaction, the Issuer owned 1,308,300 shares, representing 7.4% of Infermedica’s shares. After completing all the envisaged transactions, the Issuer will hold 900,000 shares, representing 5% in Infermedica.
Art. 17 sec. 1 of MAR – confidential information.