Azerion to simplify its reporting structure
13 January 2023 - 6:15PM
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.
Contact:Investor
Relationsir@azerion.com
Mediapress@azerion.com
DISCLAIMER
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.
This press release is for information purposes
only. The information contained in this press release does not
purport to be full or complete and, in particular, is not intended
to form the basis of any investment decision. No reliance may be
placed by any person for any purpose on the information contained
in this press release or its accuracy, fairness or completeness.
Azerion will not be held liable for any loss or damages of any
nature ensuing from using, trusting or acting on information
provided.
This press release may include forward-looking
statements. All statements other than statements of historical
facts may be forward-looking statements. Words and expressions such
as believes, estimates, plans, projects, anticipates, expects,
intends, may, will, should or other similar words or expressions
are typically used to identify forward-looking statements.
Forward-looking statements are subject to risks, uncertainties and
other factors that are difficult to predict and that may cause the
actual results of Azerion to differ materially from future results
expressed or implied by such forward-looking statements. Any
forward-looking statements reflect Azerion's current views and
assumptions based on information currently available to Azerion's
management. Forward-looking statements speak only as of the date
they are made, and Azerion does not assume any obligation to update
such statements, except as required by law. No assurances can be
given that the forward-looking statements will be realised. No
representation or warranty is made that any of these
forward-looking statements will come to pass or that any estimated
result will be achieved. Accordingly, no undue reliance should be
placed on any forward-looking statements.
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