Maxximum SA Strengthens Its Commitment to Llama Group SA through a Structured Financing Operation
BRUSSELS--(BUSINESS WIRE)--Regulatory news:
Llama Group SA (Paris: ALLAM) (Brussels: ALLAM) announces the implementation of a structured financing mechanism by its main shareholder, Maxximum SA, aimed at supporting the company's strategic development in the coming months.
As part of this initiative, Maxximum SA, which currently holds 5,307,818 shares representing 39.27% of Llama Group SA's share capital and 56.39% of the voting rights, plans to sell up to 1,307,818 of its Llama Group shares during the course of 2025. The net proceeds from each of these sales will then be made available to Llama Group SA, at a rate of 90% and immediately after each sale, in the form of a loan intended to finance the company's development. The remaining 10% will be used to cover the costs associated with the implementation of the operation.
The receivable of Maxximum SA on Llama Group SA resulting from this loan will subsequently, and in any case no later than December 31, 2025, be contributed to the capital of Llama Group SA. This capital increase will be carried out based on the volume-weighted average selling price (VWAP) of the shares sold, reduced by 3%, in order to take into account the costs related to the operation, including the interest attached to the loan granted by Maxximum SA.
The transaction has been designed to preserve market stability and to minimize any potential impact on the share price. The share sales will be conducted progressively throughout 2025, ensuring that they are integrated within normal market volumes, in order to avoid any undue pressure on the stock. The execution of the sales will be managed by TP Icap, an independent specialized firm, with a focus on full transparency and controlled execution.
This mechanism enables Llama Group SA to access financial resources while limiting the dilutive impact for existing shareholders. The capital increase through the contribution in kind of the receivable held by Maxximum SA will take place at a pace aligned with the company's growth strategy and will support the gradual strengthening of its equity base.
Illustrative example (for indicative purposes only):
If Maxximum SA were to sell the full 1,307,818 shares at a volume-weighted average price of €1.212 (closing price as of April 23, 2025), the gross proceeds from the sale would amount to €1,585,075. Of this amount, €1,426,568 — i.e., 90% — would be loaned to Llama Group SA. Based on a contribution price of €1.1756 (VWAP minus 3%), this would result in the issuance of approximately 1,213,439 new shares as part of the capital increase by contribution in kind of the receivable, leading to a dilution of approximately 8.24%.
Statement from Alexandre Saboundjian, main shareholder of Llama Group SA via Maxximum SA
'I firmly believe that Llama Group, through the Winamp project, carries a strong strategic vision and long-term value creation potential. This transaction reflects my personal commitment to support the company in its next stages of development. I am fully confident in the long-term success of this project and remain deeply committed to building an independent, innovative technology platform that serves artists. This financing mechanism was also designed to best protect the interests of existing shareholders, ensuring a gradual and controlled dilution, and was chosen as the most suitable option after an in-depth review of multiple financing solutions.'
Next Meeting
May 28, 2025 – General Ordinary Meeting
About Llama Group
Llama Group is a pioneer and leader in the digital music industry. With extensive expertise across various sectors, the group owns the iconic Winamp platform, the Bridger copyright management company, and the Jamendo music licensing company. Llama Group's ambition is to build the future of the music industry through sustained investment in a range of innovative solutions and in the talent and skills of people who love music. The group stands by its brand values: empowerment, access, simplicity, and fairness. Winamp's vision is a world where a cutting-edge music platform connects artists and their fans like never before. Bridger's mission is to support songwriters and composers by providing a simple and innovative solution for collecting royalties. Jamendo enables independent artists to generate additional income through commercial licenses. Finally, Hotmix offers a bouquet of more than sixty thematic and free digital radio stations.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
5 days ago
- Business Wire
Interactive Brokers Group Reports Brokerage Metrics and Other Financial Information for May 2025, includes Reg.-NMS Execution Statistics
GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (Nasdaq: IBKR) an automated global electronic broker, today reported its Electronic Brokerage monthly performance metrics for May. Brokerage highlights for the month included: 3.384 million Daily Average Revenue Trades (DARTs) 1, 43% higher than prior year and 11% lower than prior month. Ending client equity of $628.2 billion, 29% higher than prior year and 7% higher than prior month. Ending client margin loan balances of $61.2 billion, 15% higher than prior year and 5% higher than prior month. Ending client credit balances of $134.7 billion, including $5.4 billion in insured bank deposit sweeps 2, 26% higher than prior year and 1% higher than prior month. 3.79 million client accounts, 32% higher than prior year and 2% higher than prior month. 196 annualized average cleared DARTs 1 per client account. Average commission per cleared Commissionable Order 3 of $2.61 including exchange, clearing and regulatory fees. Key products: Futures include options on futures. We estimate exchange, clearing and regulatory fees to be 58% of the futures commissions. Other financial information for Interactive Brokers Group: GLOBAL 4: The value of the GLOBAL, reported in U.S. dollars, increased by 0.04% in May and increased by 1.758% for the year to date. In the interest of transparency, we quantify our IBKR PRO clients' all-in cost of trade execution below. For the full multimedia release with graph see link: Average U.S. Reg-NMS stock trade was $20,437 in May (dividing 2c by 1a in table below). In May, IBKR PRO clients' total cost of executing and clearing U.S. Reg.-NMS stocks through IB was about 2.1 basis points of trade money 5, as, measured against a daily VWAP 6 benchmark (3.8 basis points net cost for the rolling twelve months). IBKR PRO Clients' Reg.-NMS Stock Trading Expense Detail All amounts are in millions, except % Previous Jun '24 Jul '24 Aug '24 Sep '24 Oct '24 Nov '24 Dec '24 Jan '25 Feb '25 Mar '25 Apr '25 May '25 12 Months #1a - Number of orders Buys 8.07 10.09 9.84 8.38 10.93 11.40 13.32 12.74 12.40 12.19 13.79 12.15 135.30 Sells 5.83 7.55 7.53 6.54 8.33 8.62 9.66 8.97 9.08 8.71 10.16 9.49 100.47 Total 13.90 17.64 17.37 14.92 19.26 20.02 22.98 21.71 21.48 20.90 23.95 21.65 235.77 #1b - Number of shares purchased or sold Shares bought 3,305 3,855 4,154 3,614 4,645 4,744 5,517 5,223 4,946 5,047 6,008 5,659 56,716 Shares sold 3,100 3,767 3,960 3,436 4,390 4,497 5,232 4,868 4,738 4,804 5,850 5,212 53,853 Total 6,405 7,622 8,114 7,050 9,035 9,241 10,749 10,090 9,683 9,851 11,858 10,871 110,569 #2 - Trade money including price, commissions and fees 2a Buy money $151,903 $189,920 $182,908 $155,758 $190,627 $204,300 $214,806 $208,418 $200,026 $216,767 $254,062 $222,977 $2,392,472 2b Sell money $147,514 $191,745 $186,274 $154,825 $188,444 $201,932 $215,520 $203,359 $204,689 $218,670 $259,783 $219,486 $2,392,241 2c Total $299,417 $381,664 $369,182 $310,583 $379,071 $406,232 $430,326 $411,778 $404,715 $435,437 $513,845 $442,463 $4,784,713 #3 - Trade value at Daily VWAP 3a Buy value $151,684 $189,851 $182,849 $155,692 $190,537 $204,249 $214,660 $208,258 $199,957 $216,676 $254,052 $223,005 $2,391,469 3b Sell value $147,417 $191,812 $186,440 $154,890 $188,493 $201,995 $215,621 $203,305 $204,744 $218,725 $259,985 $219,608 $2,393,037 3c Total $299,101 $381,663 $369,289 $310,582 $379,030 $406,243 $430,281 $411,563 $404,702 $435,401 $514,038 $442,613 $4,784,506 #4 - Total trade expense, including commissions and fees, relative to Daily VWAP 4a Buys (2a-3a) $219.1 $68.8 $58.6 $66.6 $90.7 $51.4 $145.7 $160.6 $68.5 $90.6 $9.6 ($28.0) $1,002.2 4b Sells (3b-2b) ($97.1) $67.5 $166.0 $65.7 $49.6 $62.3 $100.9 ($54.3) $55.2 $55.2 $202.8 $122.0 $795.8 4c Total trade expense $122.0 $136.3 $224.6 $132.3 $140.3 $113.8 $246.6 $106.4 $123.7 $145.8 $212.4 $94.0 $1,798.0 Trade expense as percentage of trade money 4c/2c 0.041% 0.036% 0.061% 0.043% 0.037% 0.028% 0.057% 0.026% 0.031% 0.033% 0.041% 0.021% 0.038% #5 - Trade expense categories 5a Total commissions & fees $30.4 $37.1 $38.1 $33.2 $41.9 $43.5 $47.4 $46.2 $45.5 $45.7 $52.7 $44.5 $506.2 5b Execution cost (4c-5a) $91.6 $99.2 $186.5 $99.1 $98.4 $70.3 $199.2 $60.2 $78.2 $100.0 $159.7 $49.5 $1,291.9 #6 - Trade expense categories as percentage of trade money Total commissions & fees (5a/2c) 0.010% 0.010% 0.010% 0.011% 0.011% 0.011% 0.011% 0.011% 0.011% 0.010% 0.010% 0.010% 0.011% Execution cost (5b/2c) 0.031% 0.026% 0.051% 0.032% 0.026% 0.017% 0.046% 0.015% 0.020% 0.023% 0.031% 0.011% 0.027% Net Expense to IB Clients 0.041% 0.036% 0.061% 0.043% 0.037% 0.028% 0.057% 0.026% 0.031% 0.033% 0.041% 0.021% 0.038% Expand The above illustrates that the rolling twelve months' average all-in cost of an IBKR PRO client U.S. Reg.-NMS stock trade was 3.8 basis points. ____________________________ Expand Note 1: Daily Average Revenue Trades (DARTs) – customer orders divided by the number of trading days in the period. Note 2: FDIC insured client bank deposit sweep program balances with participating banks. These deposits are not reported in the Company's statement of financial condition. Note 3: Commissionable Order – a customer order that generates commissions. Note 4: In connection with our currency diversification strategy, we have determined to base our net worth in GLOBALs, a basket of 10 major currencies in which we hold our equity. The total effect of the currency diversification strategy is reported in Comprehensive Income and the components are reported in (1) Other Income and (2) Other Comprehensive Income ('OCI') on the balance sheet. The effect of the GLOBAL on our comprehensive income can be estimated by multiplying the total equity for the period by the change in the U.S. dollar value of the GLOBAL during the same period. Note 5: Trade money is the total amount of money clients spent or received, including all commissions and fees. Note 6: Consistent with the clients' trading activity, the computed VWAP benchmark includes extended trading hours. More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, About Interactive Brokers Group, Inc.: Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, foreign exchange, and forecast contracts around the clock on over 160 markets in numerous countries and currencies, from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation has enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, and many others. Cautionary Note Regarding Forward-Looking Statements: The foregoing information contains certain forward-looking statements that reflect the company's current views with respect to certain current and future events and financial performance. These forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the company's operations and business environment which may cause the company's actual results to be materially different from any future results, expressed or implied, in these forward-looking statements. Any forward-looking statements in this release are based upon information available to the company on the date of this release. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any statements expressed or implied therein will not be realized. Additional information on risk factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission.
Yahoo
27-05-2025
- Yahoo
Why every pro-trader swears by VWAP - and you should too
Listen and subscribe to Stocks In Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcast. In this episode of Stocks in Translation, owner and operator Kenny Glick joins Markets and Data Editor Jared Blikre and Producer Sydnee Fried to discuss VWAP (volume weighted average price) and why it's critical for investors trying to navigate the market. Glick breaks down why he prefers trading on VWAP versus other technical tools and a week, Stocks In Translation cuts through the market mayhem, noisy numbers and hyperbole to give you the information you need to make the right trade for your portfolio. You can find more episodes here, or watch on your favorite streaming service. This post was written by Lauren Pokedoff
Yahoo
27-05-2025
- Yahoo
Llama Group: Hotmix Radio Now Available on Eversolo Devices, Delivering 70 Curated Music Stations to HiFi Enthusiasts Worldwide
BRUSSELS, May 27, 2025--(BUSINESS WIRE)--Regulatory News: Llama Group (Paris: ALLAM) (Brussels: ALLAM): Eversolo, a leading innovator in high-fidelity audio systems, is enhancing its premium streaming capabilities through a new integration with Hotmix Radio. Starting today, all Eversolo DMP Streamer series devices will offer direct access to Hotmix Radio's 70 expertly curated music stations, providing users with a seamless and immersive listening experience across 12 diverse categories. With this integration, Eversolo users can now enjoy uninterrupted, talk-free music, thoughtfully designed by passionate human curators. Whether it's relaxing with Chill Out, energizing a workout with Party Time, or exploring global sounds on Around the World, Hotmix Radio delivers a rich, genre-spanning lineup for every mood. "At Eversolo, we strive to pair state-of-the-art hardware with the finest content," said the Head of Product at Eversolo Audio. "The addition of Hotmix Radio brings a wide variety of professionally curated music to our ecosystem—music that's not only high-quality but also emotion-driven and perfectly aligned with our HiFi philosophy." Founded in 2013 and part of the Winamp family, Hotmix Radio is a beloved digital radio platform already available on desktop, mobile, and platforms like TuneIn and Amazon. With this new partnership, Hotmix becomes a native part of the Eversolo experience, accessible directly from the DMP Streamer series interface. "Hotmix is more than just radio—we're crafting a modern, emotional journey through music," said Alexandre Saboundjian, CEO of Hotmix Radio. "The precision and sound quality of Eversolo devices elevate that journey, letting every listener feel the full depth and texture of the music we program." Availability Hotmix Radio is now available on the full range of DMP series and the coming soon Eversolo play series. Users can access the service through the built-in streaming menu after updating to the latest firmware. For additional product information, please visit Next Meeting May 28, 2025 – 10:00 am : Ordinary General MeetingMay 28, 2025 – 11:30 am : Extraordinary General Meeting About Llama Group Llama Group is a pioneer and leader in the digital music industry. With extensive expertise across various sectors, the group owns the iconic Winamp platform, the Bridger copyright management company, and the Jamendo music licensing company. Llama Group's ambition is to build the future of the music industry through sustained investment in a range of innovative solutions and in the talent and skills of people who love music. The group stands by its brand values: empowerment, access, simplicity, and fairness. Winamp's vision is a world where a cutting-edge music platform connects artists and their fans like never before. Bridger's mission is to support songwriters and composers by providing a simple and innovative solution for collecting royalties. Jamendo enables independent artists to generate additional income through commercial licenses. Finally, Hotmix offers a bouquet of more than sixty thematic and free digital radio stations. About Hotmix Radio Hotmix offers a curated selection of over 60 custom-made music stations, accessible via and the Hotmix mobile apps. Designed for true music lovers, Hotmix provides an authentic, seamless listening experience, perfectly tuned to your mood, atmosphere, and daily rhythm—whether you're at home, on a road trip, enjoying dinner with friends, or working out. Crafted with passion by our best-in-class human programmers, every stream is carefully designed to bring you music that resonates. Pick your Hotmix. Click & listen! About Eversolo Eversolo Audio Technology Co., Ltd., backed by Zidoo Technology Co., Ltd., is led by a team with extensive HiFi industry experience. The R&D expertise spans audio decoding, analog audio, acoustic tuning, amplifiers, and system integration. Eversolo specializes in audio playback devices, HiFi DACs, and amplifiers. View source version on Contacts Investors Relations Olivier Van Gulckinvestors@ Media Contactmarketing@ Media Contact:sales@
