EVERGENT Investments proposes buyback of 7% of its own shares to shareholders

The Board of Directors of EVERGENT Investments, a publicly listed investment company under the symbol EVER, is convening the Extraordinary and Ordinary General Meetings of Shareholders on October 28/29, 2024.

The key agenda items submitted for shareholder voting are:

• Approval of a Public Tender Offer for the purchase of 63,632,000 EVER shares (7% of the share capital) through a public exchange offer. The purpose of the offer is to reduce the share capital by canceling the shares.

• Approval of the election of the members of the Board of Directors of EVERGENT Investments for a 4-year term and the remuneration policy for executives.

The company proposes that its shareholders approve the public tender offer for the purchase of up to 63,632,000 shares, representing 7% of the company’s share capital at the time the offer is initiated. In exchange for EVER shares, AEROSTAR shares, listed under the symbol ARS, which are held by EVERGENT Investments, will be offered for a maximum of 57,268,800 EVER shares, and cash will be offered for up to 6,363,200 EVER shares.

The offer has the potential to enhance returns for shareholders, support the recognition of the value of managed assets through the market price of shares, and contribute to improving the liquidity of EVER shares.

EVERGENT Investments shareholders who choose to subscribe to the offer will benefit from high liquidity, allowing them to capitalize on their shares and adjust their portfolio positions according to their investment objectives, whether they opt to receive shares in exchange or cash. Shareholders who choose not to participate in the offer will benefit from a proportional increase in their stake in the share capital, following the reduction in the number of shares in circulation. This could contribute to long-term returns, depending on the positive evolution of the share price and earnings per share (EPS).

The company will also benefit from a fiscal advantage, which will help maximize shareholder gains. Thus, the company continues to achieve its goals of creating value and strengthening its financial position for the benefit of shareholders and the broader community.

“Through the public tender offer, we continue to return value to our shareholders. We anticipate that this initiative will contribute to increasing net results, the company’s performance indicator, which could improve both the net asset value per share and the company’s ability to distribute higher dividends, both directly benefiting shareholders. The improvement in financial results will enhance the company’s market attractiveness. The transaction will have a minimal impact on liquidity and will allow us to continue investment programs according to our strategy. We have a sustainable investment strategy, we are ready to seize capital market opportunities, and we are confident that we will continue to develop the company to the benefit of all EVERGENT Investments stakeholders,” said Claudiu Doroș, President and CEO of EVERGENT Investments.