REG-Anemoi International Ltd Anemoi enters into amended and updated binding Sale and Purchase Agreement to acquire Trasna, Share Consolidation and Warrantholder Surrender and Subscription Offer
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Anemoi International Ltd (AMOI)
Anemoi enters into amended and updated binding Sale and Purchase Agreement
to acquire Trasna, Share Consolidation and Warrantholder Surrender and
Subscription Offer
14-Apr-2026 / 07:29 GMT/BST
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Anemoi International
Anemoi International Ltd
(Reuters: AMOI.L, Bloomberg: AMOI:LN)
("Anemoi" or the "Company")
Anemoi enters into amended and updated binding Sale and Purchase Agreement
to acquire Trasna
Share Consolidation
Warrantholder Surrender and Subscription Offer
Further to the Company’s announcement dated 22 December 2025 in respect of
the proposed acquisition of the Trasna group of companies, the Company is
pleased to announce that it has entered into an amended and updated share
purchase agreement to acquire 100% of the entire issued share capital of
Trasna Solutions FZ LLC (“Trasna”) (“SPA”) by way of a reverse takeover
(“RTO”) (the "Proposed Transaction").
Highlights
• Binding SPA values Trasna at an enterprise value of $150,000,000
• Consideration payable via the issue of new Anemoi shares at a maximum
price of £0.02 per ordinary share
• Proposed consolidation of Company’s shares and change of name to
Trasna Ltd on completion of RTO
• Offer to current warrant holders to allow temporary re-pricing and
exercise of outstanding warrants at £0.02 per ordinary share
Background
• Acquisition of Trasna on an enterprise value of $150,000,000, payable
via the issue of new ordinary shares in Anemoi at a price of £0.02 per
ordinary share less the amount of cash required to repay the
outstanding debt of Trasna’s parent company (Trasna Solutions
Technologies Limited, Ireland) of $40,000,000 plus accrued interest
estimated to amount to ~$8.5m to ~$10m at the time of closing, to be
paid from the RTO placing proceeds (“Consideration”), based on the
following Formula:
Enterprise value - (Debt + Accrued Interest) = Value of Shares to be
Issued
or
$150m – ($40m + ~$10m) = ~$100m (or ~3.8bn shares)
It is anticipated that, at the closing of the RTO, the Company will
undertake a consolidation of the number of shares outstanding, to reduce
the number of shares outstanding to a reasonable number, which will result
in an increase in the price of the Company’s shares, such that a 1 for 100
reverse stock split (consolidation) would result in the number of shares
in issue being divided by 100, whilst the price of the shares would be
multiplied by 100. (See Proposed Share Consolidation below).
• The SPA contains a number of conditions precedent as to completion
including, inter alia, that at or prior to completion all operating
Trasna group entities would be transferred to Trasna ownership.
• On completion of the Proposed Transaction the Company will apply for
readmission of the enlarged group’s shares to trading on the Main
Market of the London Stock Exchange in the Equity Shares (Commercial
Companies) category.
• Upon completion of the Proposed Transaction, it is proposed that the
name of the Company be changed to “Trasna Ltd”.
Further Details
The Proposed Transaction also remains subject to various conditions,
including due diligence and a fundraise at the time of the RTO and
Readmission (defined below). Due to the size of the Proposed Transaction
relative to the Company's market capitalisation, the Proposed Transaction
will be classified as a reverse takeover. The Company will be seeking
readmission and trading of its shares to the Equity Shares (Commercial
Companies) category on the Main Market of the London Stock Exchange and
will, in due course, publish a prospectus.
Shareholders should be aware that there is a possibility that the Proposed
Transaction will not proceed or that the terms may change depending upon
the outcome of due diligence.
Proposed Share Consolidation
Due to the large number of shares to be issued as part of the
Consideration at the closing of the RTO, the Board is considering a
consolidation of the Company’s existing ordinary shares on the basis of 1
new ordinary share for every 100 existing ordinary shares held (the “Share
Consolidation”).
Under the Share Consolidation, every 100 existing ordinary shares will be
consolidated into 1 new ordinary share. The effect of the Share
Consolidation will be to reduce the number of ordinary shares in issue by
a factor of 100.
The Share Consolidation is being contemplated in order to reduce the
number of shares outstanding and to create a share price level that the
Directors believe is more appropriate for the enlarged group and improve
marketability to a broader range of investors post-RTO.
Entitlements arising under the Share Consolidation will be rounded down to
the nearest whole new ordinary share. Fractional entitlements to new
ordinary shares will not be issued to shareholders. Instead, such
fractional entitlements will be aggregated and sold in the market for the
benefit of the Company or cancelled.
The rights attaching to the new ordinary shares would be identical in all
respects to those attaching to the existing ordinary shares.
The Share Consolidation will be conditional upon, among other things,
admission of the new ordinary shares to trading on the Main Market of the
London Stock Exchange. The Share Consolidation is expected to take effect
prior to, or at, closing of the RTO, however, the Company will update the
market in due course.
Voluntary Surrender and Subscription Offer to Existing Warrantholders
Further, the Company’s Board has resolved to invite all existing holders
of A, B and C class warrants in the Company (“Warrantholders”) from the
date of this announcement until 1 May 2026, to enter into a voluntary
bilateral surrender and subscription arrangement with the Company.
Under the arrangement, participating Warrantholders will agree to
surrender their warrants to the Company for cancellation and, in
consideration, be permitted to subscribe for ordinary shares in the
Company at a price of £0.02 per share. The Board believes this provides
existing Warrantholders with an opportunity to participate at an early and
potentially advantageous stage in the Proposed Transaction, may reduce any
perceived stock overhang prior to completion of the RTO and will provide
additional capital to the Company to further bolster its balance sheet
ahead of the Proposed Transaction.
Accordingly, all Warrantholders are invited, on a voluntary basis, to
surrender some or all of their warrants and subscribe for the
corresponding number of ordinary shares at a price of £0.02per share (the
“Offer”).
The Offer will apply only where the Company receives, on or before 12.00
p.m. BST on 1 May 2026, duly completed surrender and subscription
documentation in the agreed form together with the full subscription
monies, and the relevant surrender and subscription arrangement is
approved by the Board.
Should all Warrantholders participate in the Offer, the total proceeds
would be as follows:
Number of relevant warrants Total proceeds
96,324,998 £1,926,498
In the event that a Warrantholder does not participate in the Offer, or
the relevant surrender and subscription arrangement does not become
effective, that Warrantholder will continue to hold warrants subject to
the existing terms of the warrant instrument constituting that class of
warrants, including as to exercise price and exercise period.
Any Warrantholders wishing to participate in the Offer should in the first
instance contact the Company at the following email address:
1 enquiries@anemoi-international.com
END
2 www.anemoi-international.com
Anemoi International Ltd 3 enquiries@anemoi-international.com
4 www.trasna.io
Trasna Solutions Technologies
Limited 5 media@trasna.io
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Dissemination of a Regulatory Announcement that contains inside
information in accordance with the Market Abuse Regulation (MAR),
transmitted by 6 EQS Group.
The issuer is solely responsible for the content of this announcement.
View original content: 7 EQS News
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ISIN: VGG0419A1057
Category Code: MSCL
TIDM: AMOI
LEI Code: 213800MIKNEVN81JIR76
Sequence No.: 423795
EQS News ID: 2307664
End of Announcement EQS News Service
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References
Visible links
1. mailto:enquiries@anemoi-international.com
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3292bdc9c5fdb07c4543574e8636cb60&application_id=2307664&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news
3. mailto:enquiries@anemoi-international.com
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8900986d836bbb5421910c098bb5a584&application_id=2307664&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news
5. mailto:media@trasna.io
6. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f5d50dc7e8798b6eb177f7955e598e60&application_id=2307664&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news
7. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=cce2c398fa060431bb2330e7bde901e9&application_id=2307664&site_id=refinitiv~~~790ea929-3c21-49b8-8ff9-1aed464daef1&application_name=news
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