Cheyenne, 01 March 2025
The company hereby confirms that Juro Financial Inc has allocated 15% of the proceeds of its private placement securities offerings that are in process for purposes of repurchasing shares from shareholders of common stock which have contributed capital to the company in the voluntary dilution program and from the founding shareholders, at the fixed price of $50.00 per share (the “Repo”) on a pro rata basis.
These private placements are:
- the 24 month maturity Sukuk offering;
- the 270 day maturity commercial paper offering;
- the open-ended preferred stock offering; and
- the continuous offering of common stock
Any common stock shareholder of the company that is on the ledger of the company’s shareholders 30 days prior to the eventual date of the listing of the company’s shares on a regulated stock exchange shall be eligible for the Repo.
As such, common shareholders will be provided with an irrevocable option, but not an obligation, to execute the Repo for their respective shares of common stock for any amount of shares that are allocated to them, for up to a cumulative maximum of 750,000 shares of common stock per eligible shareholder. Such notice will be provided for each respective sale of the private placements which at least a Repo of one round-lot of 100 shares per eligible shareholder may be perfected from the respective proceeds of the private placements. This will be on a cumulative basis in the event that a tranche or tranches of sales of the private placements are not sufficient to perfect one round-lot of 100 shares per eligible shareholder.
Each shareholder shall have 30 days from the date of the respective Repo Notice to formally accept the Repo option or to formally reject the Repo option in whole or in part in writing.
In the event that a shareholder does not respond to a respective Repo Notice within 30 days of the issuance of the respective Notice, it will be deemed that the shareholder has rejected the call option of the Repo for that respective tranche and the remaining eligible shares of the shareholder for a Repo, if any, shall be reduced by the respective amount of shares of the respective Repo Notice.
In any event, the call or rejection of a Repo right shall have no effect on any shareholder rights.