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G2D Investments, Ltd. (the “Company”) – Notice to Shareholders
Hamilton, Bermuda: 23th, November 2022 – In a filing with the Bermuda Stock Exchange (“BSX”), G2D Investments, Ltd. (the “Company”) (Ticker: G2DA.BH) provides the following notice. The full filing stated:
G2D INVESTMENTS, LTD. (Ticker G2DI33) (“G2D”), in addition to the Material Fact disclosed on October 06th, 2022, hereby announces that CERC S.A. ("Company" or "CERC") has concluded its investment round led by Mubadala Capital - a subsidiary of the sovereign wealth fund Mubadala Investment Company (“Transaction”).
Aligned with its investment strategy and portfolio recycling, G2D aimed to cash out part of the invested capital in CERC, as managed in the partial divestment of Mercado Bitcoin and Blu cases (both in July 2021). As such, G2D has received R$ 14.5 million in cash and keeps a stake in CERC of approximately R$ 48.0 million. Since its first investment in the Company, in August 2020, G2D has invested approximately R$ 35.0 million in CERC.
After the Transaction, the net asset value (“NAV”) of G2D’s investment in CERC increased by 91% compared to the figure previously reported in the third quarter financial statements. Additionally, G2D’s NAV per share will rise from R$ 7.26 to R$ 7.55, as shown in the table below:
NAV per share (2Q22) 7.26
Gain with CERC Transaction 0.29
Estimated NAV per share post Transaction 7.55
November 17th, 2022
Carlos Estellita Cavalcanti Pessoa Filho
Investor Relations Director
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