Jumia sells 905,797 ADSs in private placement at USD 5.52 each - JMIA News | RalliesJumia sells 905,797 ADSs in private placement at USD 5.52 each
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JMIA• Private placement terms
- Jumia Technologies AG signed a private placement for 905,797 new American Depositary Shares at USD 5.52 each.
- Gross proceeds set at USD 5 million from Yas Holding Ltd, a related party linked to supervisory board member Hassanein Hiridjee.
- Each ADS represents two new bearer no-par shares, implying issuance of 1,811,594 new shares under authorized capital.
- The supervisory board cleared the transaction on Aug. 12; Hiridjee did not take part in the decision.
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