In accordance with Sections 55 of Act CXX of 2001 on the Capital Market and to comply with the disclosure requirement set out in Annex 4 in PM Decree No. 24/2008. (VIII. 15.), AutoWallis Nyrt. (registered office: 1055 Budapest, Honvéd utca 20.; hereinafter: “Company”) hereby informs market participants as follows.
The Company has entered into a share purchase agreement (hereinafter: "Agreement") on this day for the acquisition of 100% of the shares issued by Net Mobilitás Zrt. (hereinafter: “Net Mobilitás”) with the shareholders of the company concerned, namely with WAM Immobilia Ingatlanhasznosító és Üzemeltető Zártkörűen Működő Részvénytársaság (a company wholly owned by WALLIS ASSET MANAGEMENT Zrt.) and with Car Alliance Kft.
AutoWallis shares are transferred to the sellers as consideration for the shares. The parties have determined the value of the AutoWallis shares for the transaction at HUF 97.93 per share, based on the average stock exchange price of the last 30 calendar days.
According to the Agreement, the Company has transferred a total of 3,267,640 shares of AutoWallis shares to the sellers today. Following this transaction, the Company's own share portfolio turns to 1,757,144 pcs of shares.
Provided that the earn-out conditions under the Agreement fully comply, a maximum of 4,901,460 AutoWallis shares may still be transferred to the sellers in two instalments on the dates specified in
the Agreement up to May 31, 2025. The Company will inform its investors of the own share transactions.
With this transaction, the AutoWallis Group opens to the automotive online sales market, since Net Mobilitás operates the JóAutók.hu and Autó-Licit.hu portals.