Amsterdam, 13 January 2023 - Today, Azerion has announced that it will simplify its reporting structure by merging the parent company Azerion Group N.V. and Azerion Holding B.V.. As a result, the surviving entity Azerion Group N.V. will publish one report with the interim unaudited results for the fourth quarter 2022 and one set of consolidated financial statements for the full year 2022.
Ben Davey, CFO of Azerion, commented: "As we build our track record as a listed company, we continue to focus on simplifying our operating structure and improving transparency. Merging our two main reporting entities is an important step in this process."
The intention to affect this merger was announced on 28 October 2022 and the merger was completed on 31 December 2022.
The companies in which Azerion Group N.V. directly and indirectly owns investments are separate legal entities. In this announcement "Azerion", "Azerion Group" and "Group" are sometimes used for convenience where references are made to Azerion Group N.V. and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to Azerion Group N.V. and its subsidiaries in general or to those who work for them.
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