|
Anemoi International Ltd on Monday proposed the acquisition of Trasna Solutions Technologies Ltd via a reverse takeover. Anemoi is the British Virgin Islands-based holding company of wholly owned subsidiary ID4 AG, a Lucerne, Switzerland-based regulatory technology company that provides digital solutions to small and medium-sized financial institutions. Millstreet, Ireland-based Trasna specialises in semiconductor and mobile Internet of Things solutions. It has about 600 employees and 200 clients worldwide. The acquisition for up to £150 million is payable entirely via the issue of new shares in Anemoi at 2 pence each, a rounded book value per share as at June 30. Following the takeover, the consideration shares will represent about 95% of the share capital of the enlarged group. Anemoi shares surged to 1.92 pence each on Monday morning in London, more than doubled from Friday’s closing price of 0.90p. After the planned takeover, Anemoi plans to change its name to Trasna Technologies Ltd. Further, Anemoi will be seeking re-admission and trading of its shares on London’s Main Market. Anemoi said it considers the proposed transaction to be a transformational, value enhancing for all company stakeholders. Anemoi Chair Duncan Soukup said: ‘We are extremely pleased to have signed heads of terms with Trasna. We believe the proposed transaction presents a significant, and scalable growth opportunity for both AMOI - as well as Trasna shareholders; we look forward to working with the Trasna team.’ Trasna Founder & Chief Executive Officer Stephane Fund said: ‘This marks a defining moment in Trasna’s journey. By joining forces with Anemoi, we are opening a new chapter. One that gives Trasna the reach, visibility, and capital framework of a listed company. Our goal remains clear: to make connected devices smarter, more secure, and more accessible worldwide.’ Copyright 2025 Alliance News Ltd. All Rights Reserved.
|