Regulatory News:
Winamp Group SA (Paris: ALWIN) (Brussels: ALWIN) informs the market of the finalisation of the price protection mechanism provided for under the Share Purchase Agreement signed in 2022 in connection with the disposal of the Radionomy/Targetspot business to Azerion.
In accordance with the contractual provisions, as the conditions triggering the mechanism have been met, the maximum amount of the guarantee had been set, following adjustments made in January 2025, at €6,554,780.95. After deduction of the €1,350,000 prepayment made in January 2025, the final outstanding balance due under this guarantee amounts to €5,204,780.95.
Azerion has exercised its contractual option to settle this guarantee in Azerion shares. The number of shares allocated has been determined in accordance with the contractual provisions.
The proceeds of this guarantee, together with part of the 1,166,606 Azerion shares already held by Winamp Group SA, will be allocated to the repayment of the first instalment of the existing debt owed to its long-term financial partner.
This transaction contributes to the repayment of the first debt instalment, enhances the Group's financial visibility and brings to a definitive close a contractual mechanism arising from the 2022 disposal.
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About Winamp Group
Winamp Group is a pioneering and leading company in the digital music industry. With extensive expertise spanning multiple business areas, the Group owns the iconic Winamp platform, the copyright management company Bridger, and the music licensing company Jamendo.
Winamp Group aims to build the future of the music industry by making sustained investments in innovative solutions, as well as in the talent and skills of people who love music.
The Group upholds the core values of its brands: empowerment, access, simplicity and fairness.
Winamp envisions a world where artists and their fans are more connected than ever through a cutting-edge music platform. Bridger's mission is to support songwriters by offering a simple and innovative solution to collect their rights. Jamendo enables independent artists to generate additional revenues through commercial licensing. Finally, Hotmix offers a bouquet of more than sixty free thematic digital radio stations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260304379575/en/
Contacts:
Investors Relations
Olivier Van Gulck
investors@llama-group.com
