SQLI has been notified of the signing of an agreement whereby the Nobel fund and Amar Family Office are to transfer their respective 9.85% and 11.98% equity interests in SQLI to DBAY Advisors through an over-the-counter transaction.
DBAY Advisors is a Ilse of Man-based international asset management firm that invests in European growth stocks.Furthermore, Philippe de Verdalle and David Amar have tendered their resignation as Board members with effect after the settlement of the price of the divested interests, which is expected to take place this week.
SQLI Board chairman Philippe Donche-Gay said: “We would like to thank Philippe de Verdalle and David Amar for their commitment and involvement as members of the Board. With DBAY Advisors in his capital, SQLI will continue to be supported by its shareholders in the achievement of its strategic plan.”
SQLI will publish its 2019 full-year turnover on 6 February 2020 after close of trading.