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Business Wire
14 hours ago
- Business
- Business Wire
Llama Group: Convening Notice to the Extraordinary General Meeting of Shareholders
BRUSSELS--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Llama Group SA (the ' Company ') (Paris: ALLAM) (Brussels: ALLAM) is pleased to invite shareholders, holders of convertible bonds and holders of subscription rights to attend the extraordinary general meeting of shareholders to be held on June 19, 2025 at 11:30 a.m. (Belgian time) at the Company's headquarters. This extraordinary general meeting is convened following the absence of a quorum at the first meeting held on May 28, 2025, in accordance with Article 28 of the company's articles of association. The agenda remains unchanged. Agenda and proposed decisions : 1. Authorized capital. 1.1. Review of the special report drawn up by the board of directors, in accordance with Article 7:199, paragraph 2 of the Companies and Associations Code, indicating the specific circumstances in which it may use the authorized capital and the objectives that, in doing so, it will pursue. 1.2. Proposal to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of 28 May 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of 19 June 2025), to increase the capital in one or more times up to a maximum amount of twenty-two million eight hundred forty-one thousand seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred sixty-five thousand six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80) . This authorization will be valid from the date of publication of this authorization. Until the approval of this proposed decision and its publication in extracts in the Annexes to the Belgian Official Journal, the existing authorization will continue to apply. Proposed decision: The general meeting decides to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025), to increase the capital in one or more times up to a maximum amount of twenty- two million, eight hundred forty-one thousand, seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million, six hundred sixty-five thousand, six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80). This authorization will be valid from the date of publication of this authorization . Until that date, the existing authorization will continue to apply. 2. Decision to adapt Article 7 of the Company's Articles of Association to reflect the renewal and extension of the authorized capital. Proposed decision: The general meeting decides to amend Article 7 of the statutes as follows: ' Article 7 – Authorized capital The board of directors is authorized to increase the capital in one or more times, up to a maximum amount of twenty-two million eight hundred and forty-one thousand seven hundred and forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred and sixty-five thousand six hundred and ninety-nine euros and eighty cents (EUR 14,665,699.80) on the dates and in accordance with the terms and conditions to be set by the board of directors and for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025) . This authorization is renewable under the conditions provided for by law. The terms of use of the capital authorized by the board of directors will be identical to the terms of capital increase decided by a general meeting, without any other restriction and in accordance with the Companies and Associations Code. Within the framework of this authorized capital, the board of directors may issue shares and, in general, securities that may eventually give entitlement to shares in the company. More specifically, this authorization will allow the board of directors to increase the subscribed capital in one or more installments within the limits provided for by Article 7:198 of the Companies and Associations Code, under the conditions it determines, and in particular: (i) by capital increase, by cash subscription, by contribution in kind within legal limits, by incorporation of available or unavailable reserves or issue premiums, with or without creation of new securities, with or without voting rights; (ii) by issuing convertible bonds or bonds repayable in shares, subordinated or not; (iii) by issuing subscription rights attached or not to bonds or other securities; (iv) by any other security, including capital increases made in favor of one or more specific persons and in particular for the benefit of staff. Capital increases decided under this authorization may be carried out both by contributions in cash or in kind, within the limits permitted by the Companies and Associations Code, and by incorporation of available or unavailable reserves or issue premiums, with or without creation of new shares. The board of directors may, when using the authorized capital, limit or remove the preferential right of existing shareholders. The board of directors may, generally and in cases authorized by law or the company's articles of association, remove or limit the preferential right of existing shareholders whenever it deems it necessary in the corporate interest. Where applicable, the board of directors may also, if it deems it necessary, grant to the shares issued within the framework of the authorized capital a right to dividends allocated during the financial year in which these shares are issued. The board of directors may, with the power of subdelegation, amend the articles of association to take into account capital increases resulting from the exercise of its powers under this article. 3. Powers. Proposed decision: The meeting grants all powers (i) to each director, for the purpose of carrying out the administrative procedures subsequent to the meeting; and (ii) to the notary acting for the establishment and filing of a coordinated version of the statutes. 4. Approval of Maxximum SA's fees related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. 4.1. Review of the fees of Maxximum SA included in the draft Compensation and Subrogation Agreement to be concluded between the Company and Maxximum SA. 4.2. Due to the potential conflict of interest that may exist between Mr. Alexandre Saboundjian and Ms. Pioch , directors of Maxximum SA and the Company, the Company's board has, in accordance with best practices and the spirit of Article 7:96 of the Companies and Associations Code, decided to submit this item to the Company's general meeting of shareholders for approval. Proposed decision: The general meeting decides to approve the fees of Maxximum SA related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. In order to be adopted, the proposals included under items 1. to 3. of the agenda require a three-quarters majority vote of the votes present or represented at the extraordinary general meeting. The proposal included under item 4. does not require a quorum and requires an absolute majority vote of the votes present or represented at the extraordinary general meeting. In accordance with Article 7:153 of the Companies and Associations Code, no attendance quorum is required for this second meeting convened with the same agenda. Participation formalities To attend the extraordinary general meeting, shareholders must comply with the following provisions: In accordance with Article 25, first paragraph of the Company's articles of association, owners of registered shares who wish to attend the extraordinary general meeting or who wish to be represented there must inform the board of directors no later than Wednesday , June 11, 2025 by email to legal@ In accordance with Article 25, second paragraph of the Company's articles of association, owners of dematerialized shares who wish to attend the extraordinary general meeting or who wish to be represented there, must deposit at the Company's registered office or send by email to legal@ no later than Wednesday, June 11, 2025, a certificate issued by their approved financial institution certifying the unavailability of the dematerialized shares until the closing of the general meeting. Individuals participating in the meeting as owners of securities, agents or organs of a legal entity must be able to prove their identity in order to gain access to the meeting. Representatives of legal entities must provide documents establishing their status as organs or special agents. Participants are invited to come to the Company's headquarters between 11 a.m. and 11:30 a.m. to complete the registration formalities. Each shareholder may be represented at the general meeting by a proxy . Original proxies, drawn up in accordance with the model prescribed by the Company, must be submitted to the Company's registered office no later than Wednesday, June 11, 2025. Proxies may also be sent no later than Wednesday, June 11, 2025 by email to legal@ provided that the signed originals are submitted to the office of the general meeting at the latest before the start of the meeting. The proxies, drawn up in accordance with the model prescribed by the Company, are available on the Company's website at In accordance with Article 25, last paragraph of the Company's articles of association, holders of convertible bonds or subscription rights who wish to attend the extraordinary general meeting may attend (with an advisory vote only) but must inform the board of directors no later than Wednesday, June 11, 2025 by email to legal@ Proxies and certificates of participation validly received for the first extraordinary general meeting of May 28, 2025 remain valid for the current meeting of June 19, 2025, unless otherwise indicated by the shareholder. Shareholders' Right to Ask Questions In accordance with Article 7: 139 of the Companies and Associations Code, a shareholder may submit written questions to the directors and/or the auditor prior to the extraordinary general meeting. These questions must be submitted by Wednesday, June 11, 2025, by email to legal@ . Shareholder questions will only be considered if the shareholder has complied with all admission formalities to participate in the general meeting. Available documents All documents relating to the extraordinary general meeting that the law requires to be made available to shareholders may be consulted on the Company's website at the following address: from the publication of this notice. A copy of these documents will also be sent by email to shareholders who, no later than seven days before the extraordinary general meeting, have completed the formalities to be admitted to the general meeting. For the Board of Directors, Alexandre Saboundjian, Managing Director LLAMA GROUP SA Public limited company Seat: Lennik Road 451 1070 Brussels Belgium Company number (RPM Brussels , French-speaking section ): 0473.699.203
Business Wire
13-05-2025
- Business
- Business Wire
LLAMA GROUP SA: Convening Notice to the Extraordinary General Meeting of Shareholders of May 28, 2025
BRUSSELS--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Llama Group SA (the ' Company ') (Paris: ALLAM) (Brussels: ALLAM) is pleased to invite shareholders, holders of convertible bonds and holders of subscription rights to attend the Extraordinary General Meeting of Shareholders to be held (Belgian time) at the Company's headquarters. Agenda and proposed decisions : 1. Authorized capital. 1.1. Review of the special report drawn up by the board of directors, in accordance with Article 7:199, paragraph 2 of the Companies and Associations Code, indicating the specific circumstances in which it may use the authorized capital and the objectives that, in doing so, it will pursue. 1.2. Proposal to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of 28 May 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of 19 June 2025), to increase the capital in one or more times up to a maximum amount of twenty-two million eight hundred forty-one thousand seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred sixty-five thousand six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80) . This authorization will be valid from the date of publication of this authorization. Until the approval of this proposed decision and its publication in extracts in the Annexes to the Belgian Official Journal, the existing authorization will continue to apply. Proposed decision: The general meeting decides to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025), to increase the capital in one or more times up to a maximum amount of twenty-two million, eight hundred forty-one thousand, seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million, six hundred sixty-five thousand, six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80) . This authorization will be valid from the date of publication of this authorization. Until that date, the existing authorization will continue to apply. 2. Decision to adapt Article 7 of the Company's Articles of Association to reflect the renewal and extension of the authorized capital. Proposed decision: The general meeting decides to amend Article 7 of the statutes as follows: ' Article 7 – Authorized capital The board of directors is authorized to increase the capital in one or more times, up to a maximum amount of twenty-two million eight hundred and forty-one thousand seven hundred and forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred and sixty-five thousand six hundred and ninety-nine euros and eighty cents (EUR 14,665,699.80) on the dates and in accordance with the terms and conditions to be set by the board of directors and for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025) . This authorization is renewable under the conditions provided for by law. The terms of use of the capital authorized by the board of directors will be identical to the terms of capital increase decided by a general meeting, without any other restriction and in accordance with the Companies and Associations Code. Within the framework of this authorized capital, the board of directors may issue shares and, in general, securities that may eventually give entitlement to shares in the company. More specifically, this authorization will allow the board of directors to increase the subscribed capital in one or more installments within the limits provided for by Article 7:198 of the Companies and Associations Code, under the conditions it determines, and in particular: (i) by capital increase, by cash subscription, by contribution in kind within legal limits, by incorporation of available or unavailable reserves or issue premiums, with or without creation of new securities, with or without voting rights; (ii) by issuing convertible bonds or bonds repayable in shares, subordinated or not; (iii) by issuing subscription rights attached or not to bonds or other securities; (iv) by any other security, including capital increases made in favor of one or more specific persons and in particular for the benefit of staff. Capital increases decided under this authorization may be carried out both by contributions in cash or in kind, within the limits permitted by the Companies and Associations Code, and by incorporation of available or unavailable reserves or issue premiums, with or without creation of new shares. The board of directors may, when using the authorized capital, limit or remove the preferential right of existing shareholders. The board of directors may, generally and in cases authorized by law or the company's articles of association, remove or limit the preferential right of existing shareholders whenever it deems it necessary in the corporate interest. Where applicable, the board of directors may also, if it deems it necessary, grant to the shares issued within the framework of the authorized capital a right to dividends allocated during the financial year in which these shares are issued. The board of directors may, with the power of subdelegation, amend the articles of association to take into account capital increases resulting from the exercise of its powers under this article. 3. Powers. Proposed decision: The meeting grants all powers (i) to each director, for the purpose of carrying out the administrative procedures subsequent to the meeting; and (ii) to the notary acting for the establishment and filing of a coordinated version of the statutes. 4. Approval of Maxximum SA's fees related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. 4.1. Review of the fees of Maxximum SA included in the draft Compensation and Subrogation Agreement to be concluded between the Company and Maxximum SA. 4.2. Due to the potential conflict of interest that may exist between Mr. Alexandre Saboundjian and Ms. Pioch, directors of Maxximum SA and the Company, the Company's board has, in accordance with best practices and the spirit of Article 7:96 of the Companies and Associations Code, decided to submit this item to the Company's general meeting of shareholders for approval. Proposed decision: The general meeting decides to approve the fees of Maxximum SA related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. In order to be adopted, the proposals included under items 1. to 3. of the agenda of the extraordinary general meeting require a quorum of half of the capital and a majority vote of three-quarters of the votes present or represented at the extraordinary general meeting. In the event that the extraordinary general meeting cannot validly deliberate due to the lack of a quorum of at least half of the capital, a new extraordinary general meeting is already convened and may validly deliberate on the same items, regardless of the share of the capital represented. This second extraordinary general meeting, convened in the event of a quorum not being reached, will be held on June 19 at 11:30 a.m. (Belgian time) at the Company's headquarters. The proposal set out in point 4. does not require a quorum and requires a vote by an absolute majority of the votes present or represented at the extraordinary general meeting. Participation formalities To attend the extraordinary general meeting, shareholders must comply with the following provisions: • In accordance with Article 25, first paragraph of the Company's articles of association, owners of registered shares who wish to attend the extraordinary general meeting or who wish to be represented there must inform the board of directors no later than Tuesday, May 20, 2025 by email to legal@ • In accordance with Article 25, second paragraph of the Company's articles of association, owners of dematerialized shares who wish to attend the extraordinary general meeting or who wish to be represented there, must deposit at the Company's registered office or send by email to legal@ no later than Tuesday, May 20, 2025, a certificate issued by their authorized financial institution certifying the unavailability of the dematerialized shares until the closing of the general meeting. • Individuals participating in the meeting as owners of securities, agents or organs of a legal entity must be able to prove their identity in order to gain access to the meeting. Representatives of legal entities must provide documents establishing their status as organs or special agents. • Participants are invited to come to the Company's headquarters between 10 :30 a.m. and 11:00 a.m. to complete the registration formalities. • Each shareholder may be represented at the general meeting by a proxy . Original proxies, drawn up in accordance with the model prescribed by the Company, must be submitted to the Company's registered office no later than Tuesday, May 20, 2025. Proxies may also be sent no later than Tuesday, May 20, 2025 by email to legal@ provided that the signed originals are submitted to the office of the general meeting at the latest before the start of the meeting. The proxies, drawn up in accordance with the model prescribed by the Company, are available on the Company's website at In accordance with Article 25, last paragraph of the Company's articles of association, holders of convertible bonds or subscription rights who wish to attend the extraordinary general meeting may attend (with an advisory vote only) but must inform the board of directors no later than Tuesday, May 20, 2025 by email to legal@ Shareholders' Right to Ask Questions In accordance with Article 7: 139 of the Companies and Associations Code, a shareholder may submit written questions to the directors and/or the auditor prior to the extraordinary general meeting. These questions must be submitted by Tuesday, May 20, 2025, by email to legal@ Shareholder questions will only be considered if the shareholder has complied with all admission formalities to participate in the general meeting. Available documents All documents relating to the extraordinary general meeting that the law requires to be made available to shareholders may be consulted on the Company's website at the following address: from the publication of this notice. A copy of these documents will also be sent by email to shareholders who, no later than seven days before the extraordinary general meeting, have completed the formalities to be admitted to the general meeting. For the Board of Directors, Alexandre Saboundjian, Managing Director NEXT MEETING March 28, 2025 – 10:00 am: Ordinary General Meeting March 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. LLAMA GROUP SA Société anonyme HQ: Route de Lennik 451 1070 Brussels Belgium Company registered number (RPM Bruxelles, section francophone) : 0473.699.203
Yahoo
13-05-2025
- Business
- Yahoo
LLAMA GROUP SA: Convening Notice to the Extraordinary General Meeting of Shareholders of May 28, 2025
BRUSSELS, May 13, 2025--(BUSINESS WIRE)--Regulatory News: The Board of Directors of Llama Group SA (the " Company ") (Paris: ALLAM) (Brussels: ALLAM) is pleased to invite shareholders, holders of convertible bonds and holders of subscription rights to attend the Extraordinary General Meeting of Shareholders to be held on May 28, 2025 at 11:30 a.m. (Belgian time) at the Company's headquarters. Agenda and proposed decisions : 1. Authorized capital. 1.1. Review of the special report drawn up by the board of directors, in accordance with Article 7:199, paragraph 2 of the Companies and Associations Code, indicating the specific circumstances in which it may use the authorized capital and the objectives that, in doing so, it will pursue. 1.2. Proposal to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of 28 May 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of 19 June 2025), to increase the capital in one or more times up to a maximum amount of twenty-two million eight hundred forty-one thousand seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred sixty-five thousand six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80) . This authorization will be valid from the date of publication of this authorization. Until the approval of this proposed decision and its publication in extracts in the Annexes to the Belgian Official Journal, the existing authorization will continue to apply. Proposed decision: The general meeting decides to renew the authorization granted to the board of directors, for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025), to increase the capital in one or more times up to a maximum amount of twenty-two million, eight hundred forty-one thousand, seven hundred forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million, six hundred sixty-five thousand, six hundred ninety-nine euros and eighty cents (EUR 14,665,699.80) . This authorization will be valid from the date of publication of this authorization. Until that date, the existing authorization will continue to apply. 2. Decision to adapt Article 7 of the Company's Articles of Association to reflect the renewal and extension of the authorized capital. Proposed decision: The general meeting decides to amend Article 7 of the statutes as follows: " Article 7 – Authorized capital The board of directors is authorized to increase the capital in one or more times, up to a maximum amount of twenty-two million eight hundred and forty-one thousand seven hundred and forty-two euros and eighty-seven cents (EUR 22,841,742.87), an amount currently reduced to fourteen million six hundred and sixty-five thousand six hundred and ninety-nine euros and eighty cents (EUR 14,665,699.80) on the dates and in accordance with the terms and conditions to be set by the board of directors and for a period of five (5) years from the publication in extracts in the Annexes to the Belgian Official Gazette of the minutes of the extraordinary general meeting of May 28, 2025 (or in the event of postponement if the required attendance quorum is not reached, of the minutes of the extraordinary general meeting of June 19, 2025) . This authorization is renewable under the conditions provided for by law. The terms of use of the capital authorized by the board of directors will be identical to the terms of capital increase decided by a general meeting, without any other restriction and in accordance with the Companies and Associations Code. Within the framework of this authorized capital, the board of directors may issue shares and, in general, securities that may eventually give entitlement to shares in the company. More specifically, this authorization will allow the board of directors to increase the subscribed capital in one or more installments within the limits provided for by Article 7:198 of the Companies and Associations Code, under the conditions it determines, and in particular: (i) by capital increase, by cash subscription, by contribution in kind within legal limits, by incorporation of available or unavailable reserves or issue premiums, with or without creation of new securities, with or without voting rights; (ii) by issuing convertible bonds or bonds repayable in shares, subordinated or not; (iii) by issuing subscription rights attached or not to bonds or other securities; (iv) by any other security, including capital increases made in favor of one or more specific persons and in particular for the benefit of staff. Capital increases decided under this authorization may be carried out both by contributions in cash or in kind, within the limits permitted by the Companies and Associations Code, and by incorporation of available or unavailable reserves or issue premiums, with or without creation of new shares. The board of directors may, when using the authorized capital, limit or remove the preferential right of existing shareholders. The board of directors may, generally and in cases authorized by law or the company's articles of association, remove or limit the preferential right of existing shareholders whenever it deems it necessary in the corporate interest. Where applicable, the board of directors may also, if it deems it necessary, grant to the shares issued within the framework of the authorized capital a right to dividends allocated during the financial year in which these shares are issued. The board of directors may, with the power of subdelegation, amend the articles of association to take into account capital increases resulting from the exercise of its powers under this article. 3. Powers. Proposed decision: The meeting grants all powers (i) to each director, for the purpose of carrying out the administrative procedures subsequent to the meeting; and (ii) to the notary acting for the establishment and filing of a coordinated version of the statutes. 4. Approval of Maxximum SA's fees related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. 4.1. Review of the fees of Maxximum SA included in the draft Compensation and Subrogation Agreement to be concluded between the Company and Maxximum SA. 4.2. Due to the potential conflict of interest that may exist between Mr. Alexandre Saboundjian and Ms. Pioch, directors of Maxximum SA and the Company, the Company's board has, in accordance with best practices and the spirit of Article 7:96 of the Companies and Associations Code, decided to submit this item to the Company's general meeting of shareholders for approval. Proposed decision: The general meeting decides to approve the fees of Maxximum SA related to the personal guarantee of EUR 7,000,000 provided by Maxximum SA to Patronale Life NV as security for the proper performance by the Company of its obligations under the Debt Rescheduling and Security Restructuring Agreement entered into on February 18, 2025 between the Company, Maxximum SA, Winamp SA and Patronale Life NV, as these fees appear in the draft Compensation and Subrogation Agreement to be entered into between the Company and Maxximum SA. In order to be adopted, the proposals included under items 1. to 3. of the agenda of the extraordinary general meeting require a quorum of half of the capital and a majority vote of three-quarters of the votes present or represented at the extraordinary general meeting. In the event that the extraordinary general meeting cannot validly deliberate due to the lack of a quorum of at least half of the capital, a new extraordinary general meeting is already convened and may validly deliberate on the same items, regardless of the share of the capital represented. This second extraordinary general meeting, convened in the event of a quorum not being reached, will be held on June 19 at 11:30 a.m. (Belgian time) at the Company's headquarters. The proposal set out in point 4. does not require a quorum and requires a vote by an absolute majority of the votes present or represented at the extraordinary general meeting. Participation formalities To attend the extraordinary general meeting, shareholders must comply with the following provisions: • In accordance with Article 25, first paragraph of the Company's articles of association, owners of registered shares who wish to attend the extraordinary general meeting or who wish to be represented there must inform the board of directors no later than Tuesday, May 20, 2025 by email to legal@ • In accordance with Article 25, second paragraph of the Company's articles of association, owners of dematerialized shares who wish to attend the extraordinary general meeting or who wish to be represented there, must deposit at the Company's registered office or send by email to legal@ no later than Tuesday, May 20, 2025, a certificate issued by their authorized financial institution certifying the unavailability of the dematerialized shares until the closing of the general meeting. • Individuals participating in the meeting as owners of securities, agents or organs of a legal entity must be able to prove their identity in order to gain access to the meeting. Representatives of legal entities must provide documents establishing their status as organs or special agents. • Participants are invited to come to the Company's headquarters between 10 :30 a.m. and 11:00 a.m. to complete the registration formalities. • Each shareholder may be represented at the general meeting by a proxy . Original proxies, drawn up in accordance with the model prescribed by the Company, must be submitted to the Company's registered office no later than Tuesday, May 20, 2025. Proxies may also be sent no later than Tuesday, May 20, 2025 by email to legal@ provided that the signed originals are submitted to the office of the general meeting at the latest before the start of the meeting. The proxies, drawn up in accordance with the model prescribed by the Company, are available on the Company's website at In accordance with Article 25, last paragraph of the Company's articles of association, holders of convertible bonds or subscription rights who wish to attend the extraordinary general meeting may attend (with an advisory vote only) but must inform the board of directors no later than Tuesday, May 20, 2025 by email to legal@ Shareholders' Right to Ask Questions In accordance with Article 7: 139 of the Companies and Associations Code, a shareholder may submit written questions to the directors and/or the auditor prior to the extraordinary general meeting. These questions must be submitted by Tuesday, May 20, 2025, by email to legal@ Shareholder questions will only be considered if the shareholder has complied with all admission formalities to participate in the general meeting. Available documents All documents relating to the extraordinary general meeting that the law requires to be made available to shareholders may be consulted on the Company's website at the following address: from the publication of this notice. A copy of these documents will also be sent by email to shareholders who, no later than seven days before the extraordinary general meeting, have completed the formalities to be admitted to the general meeting. For the Board of Directors, Alexandre Saboundjian,Managing Director NEXT MEETINGMarch 28, 2025 – 10:00 am: Ordinary General MeetingMarch 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. LLAMA GROUP SASociété anonymeHQ: Route de Lennik 4511070 BrusselsBelgium Company registered number (RPM Bruxelles, section francophone) : 0473.699.203 View source version on Contacts Investor relations Olivier Van Gulckinvestors@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Tahawul Tech
11-02-2025
- Business
- Tahawul Tech
LEAP 2025 Opens with Announcement of Record-breaking US$14.9 Billion Investment in AI
LEAP 2025, Saudi Arabia's award-winning global tech event, announced a record-breaking US$14.9 billion in new Artificial Intelligence (AI) investments that further cement the Kingdom's status as a world-leading AI hub. Revealed on the opening day of this year's four-day event, which is being held at the Riyadh International Exhibition and Convention Centre in Malham, the new announcements increase the total amount of technology-related infrastructure investments in Saudi Arabia to more than US$42.4bn since LEAP debuted in 2022. The new investments in the Kingdom included an announcement between Groq and Aramco Digital confirming a US$1.5bn plan to expand AI-powered inference infrastructure and cloud computing; ALAT and Lenovo committing US$2bn to establish an advanced manufacturing and technology centre integrating AI and robotics; Google introducing new AI-driven digital infrastructure and the launch of a powerful computing cluster to meet regional and global demand; Qualcomm confirming the availability of its ALLAM language model on Qualcomm AI Cloud; and Alibaba Cloud launching the AI Enablement Programme comprising collaborations with Tuwaiq Academy and STC Academy to train national talent. Other announcements included Databricks investing US$300 million in integrated PaaS (Platform as a Service) solutions to empower application developers with cutting-edge AI tools; SambaNova committing US$140m to build advanced AI infrastructure; Global private equity firm KKR, in partnership with Gulf Data Hub, revealing a strategic investment in the development of data centres with a total capacity of up to 300 megawatts; Saudi Arabia's Salesforce investing US$500m to develop Hyperforce and enhance cloud capabilities for regional customers; and Tencent Cloud allocating US$150m to establish the Middle East's first AI-powered cloud region. Delivering a keynote address to formally open LEAP 2025, His Excellency Eng Abdullah Alswaha, the Saudi Minister of Communications and Information Technology (MCIT), insisted the new wave of investments brings one step closer His Royal Highness Crown Prince Mohammed bin Salman's vision of the Kingdom's tech sector becoming a global beacon for innovation and advancement. 'LEAP 2025 is a defining moment because when the Kingdom works, the region works, and the whole world works,' said His Excellency. 'LEAP has evolved from a movement to a multiplier effect – but now is our defining moment. Technology has catalysed Saudi Arabia as the biggest success story in youth and female empowerment in the 21st Century, and we are laser-focused on continuing that success story. The intelligence age is here and, in partnership with you, we are going to take that leap together.' Michael Champion, CEO of Tahaluf, which co-organises LEAP with the Saudi Ministry for Communications and Information Technology (MCIT) and the Saudi Federation for Cybersecurity, Programming, and Drones (SAFCSP), added: 'The massive volume of new investments announced on day one builds on the progress made at LEAP and across the Kingdom in previous years, reaffirming Saudi Arabia's undisputed status as the primary digital accelerator in the Middle East and North Africa.' IBM's Arvind Kirshna Predicts Quantum Computing Breakthrough now only 'Three to Five Years Away' Eleven months after announcing IBM's plans to invest US$250 million into a global software development centre in the Kingdom, Arvind Krishna, Chairman & CEO of IBM, joined HE Alswaha on the LEAP Main Stage to discuss his experiences identifying 'early signals' to stay ahead of emerging industry trends. The trend that dominated the duo's conversation was quantum computing – a type of computing that uses the principles of quantum mechanics to solve problems that would take classical computers millions of years to complete – with Kirishna adamant the technology is getting ever closer. 'A breakthrough I think is only about three-to-five years in the future is quantum computing – I think we will see something amazing,' said Krishna. 'We're very excited to already be working on it with some partners in the Kingdom, but I believe quantum computing will open up areas that, for the Kingdom, will be very exciting. It will all be about materials, energy, oil and gas, possibly pharmaceuticals – all areas that are critical to the Kingdom and very much part of Vision 2030.' From Virtual Boxing to Futuristic Couture, Inaugural Tech Arena Opens Window to the Future LEAP's newly-added Tech Arena kicked off with a series of future-focused, interactive sessions highlighting some of the latest technological advancements shaping the technology of tomorrow. With groundbreaking prototypes in robotics, AI, fashion tech, and mixed reality all being explored, live demonstrations were conducted by global tech influencers alongside BBC Click presenters Lara Lewington and Spencer Kelly. US-based Engine VR showcased Golden Gloves VR, a platform that uses virtual reality technology to provide an immersive, gamified boxing experience for fitness enthusiasts, professional athletes, and entertainment seekers. With professional boxer David Perez delivering a live demonstration to watching crowds, Aaron Sloan, the platform's Founder, said: ' I used to work as a cardiac nurse, but the only two things I ever really cared about were boxing and technology. So, I quit my nursing job and opened up my own boxing gym; it burned down within a month. It made me realise that building a business in a brick-and-mortar facility was going to be really hard. It just so happened that, around this time, the Quest One headset came out. Not only was it powerful, it was also wireless, which is so crucial for our system to work,' said Sloan. 'In order for us to get the traction we needed, we had to replicate as best we could what trainers and boxers were doing in the gym. After a number of different variations, we now have a platform that is being used by sporting bodies across the world, including the Olympics. The system also allows people of determination to take part, making the sport far more inclusive.' Elsewhere, TJ Rhodes, the Senior Research Scientist and Engineer on Adobe's Project Primrose, talked audiences through the Middle East debut of its latest wearable technology. First premiered at Adobe Max in 2023, the Project Primrose dress uses non-emissive textiles and can change the way we merge fashion and technology. 'It has so many use cases beyond the catwalk; it can be a canvas for new designs or even a low-power billboard that can flash text-based advertisements,' said Rhodes. 'It is also a non-emissive material that can be cut to any shape and dynamically diffuses light. Most special effects can only be experienced on the big screen, but what Project Primrose allows us to do is transform it from the big screen to reality. Imagine if Elsa from Frozen was able to transform her dress to match her actions in a live performance. We're still discovering the possibilities of what this technology can do.' More than 1,800 tech brands and 680 start-ups are exhibiting at LEAP 2025 this week, alongside a stellar lineup of 1,000-plus expert speakers across 15 stages, highlighting the tech that is shaping tomorrow. For more information on the event and ticket options, visit Image Credit: LEAP
TECHx
11-02-2025
- Business
- TECHx
LEAP 2025 Announces $14.9B AI Investment - TECHx Media LEAP 2025 Announces $14.9B AI Investment
LEAP 2025, Saudi Arabia's premier tech event, kicks off with a groundbreaking announcement of $14.9 billion in AI investments, further establishing the Kingdom as a global leader in artificial intelligence. The announcement, made on the first day at the Riyadh International Exhibition and Convention Centre in Malham, pushes Saudi Arabia's technology-related infrastructure investments beyond $42.4 billion since LEAP's launch in 2022. Massive AI and Cloud Investments Fuel Saudi Digital Transformation Among the major investments are a $1.5 billion collaboration between Groq and Aramco Digital to enhance AI and cloud computing infrastructure and a $2 billion pledge by ALAT and Lenovo to build an AI and robotics-integrated manufacturing hub. Key announcements include: Google launching new AI-driven infrastructure and a high-powered computing cluster. launching new AI-driven infrastructure and a high-powered computing cluster. Qualcomm unveiling its ALLAM language model on Qualcomm AI Cloud. unveiling its ALLAM language model on Qualcomm AI Cloud. Alibaba Cloud launching the AI Enablement Programme in partnership with Tuwaiq Academy and STC Academy to train local talent. launching the in partnership with and to train local talent. Databricks investing $300 million in AI-powered PaaS solutions. investing in AI-powered solutions. SambaNova committing $140 million to advanced AI infrastructure. committing to advanced AI infrastructure. KKR , with Gulf Data Hub , investing in data centers with 300 MW capacity . , with , investing in data centers with . Salesforce Saudi Arabia investing $500 million to enhance cloud capabilities through Hyperforce . investing to enhance cloud capabilities through . Tencent Cloud investing $150 million in the Middle East's first AI-powered cloud region. AI Supports Saudi Arabia's Vision 2030 Saudi Minister of Communications and Information Technology, Eng Abdullah Alswaha, highlighted the alignment of these investments with Crown Prince Mohammed bin Salman's Vision 2030. He stressed the importance of technology in advancing youth and female empowerment in the Kingdom. Michael Champion, CEO of Tahaluf, emphasized that Saudi Arabia continues to be the MENA region's digital accelerator. IBM's CEO Discusses Quantum Computing's Potential Arvind Krishna, IBM Chairman & CEO, took the stage to discuss future industry trends. He predicted that quantum computing could revolutionize industries like energy, pharmaceuticals, and oil & gas within three to five years. Tech Arena Showcases Cutting-Edge Innovations The debut of the Tech Arena at LEAP 2025 highlighted futuristic advancements, including: Engine VR's Golden Gloves VR , a virtual reality boxing experience. , a virtual reality boxing experience. Adobe's Project Primrose, unveiling a wearable display dress blending fashion with digital designs. LEAP 2025: A Global Tech Platform With 1,800+ tech brands, 680+ startups, and 1,000+ speakers across 15 stages, LEAP 2025 is set to redefine the tech landscape and solidify Saudi Arabia's position as a global AI powerhouse.
