Skip to content
  • Home
  • World News
  • Business
  • Aviation
195 news

195News

All the news that's fit to print

  • Home
  • World News
  • Business
  • Aviation
  • Toggle search form
  • No heroes
    No heroes World News
  • Harbour Assist Forms Strategic Alliance with GC Marine to Enhance Marina Management in Asia Pacific
    Harbour Assist Forms Strategic Alliance with GC Marine to Enhance Marina Management in Asia Pacific World News
  • Year 1: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    Year 1: war diaries w/Former Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Atlas Air Worldwide Introduces its Miami Operations Gateway with Relocation to State-of-the-Art Cargo Facility at Miami International Airport
    Atlas Air Worldwide Introduces its Miami Operations Gateway with Relocation to State-of-the-Art Cargo Facility at Miami International Airport Aviation
  • Brazilian Songstress K Sea Ya Takes Center Stage With New Release
    Brazilian Songstress K Sea Ya Takes Center Stage With New Release World News
  • War Day 198: Ukraine War Chronicles with Alexey Arestovych & Mark Feygin
    War Day 198: Ukraine War Chronicles with Alexey Arestovych & Mark Feygin World News
  • Evolve Bank & Trust to Be Presenting Sponsor of Dixon Gallery’s ‘Art on Fire’
    Evolve Bank & Trust to Be Presenting Sponsor of Dixon Gallery’s ‘Art on Fire’ Business
  • Canadian Fertility Consulting Hosting Event in San Fransisco, All Hopeful Parents Welcome
    Canadian Fertility Consulting Hosting Event in San Fransisco, All Hopeful Parents Welcome Business
AGILITY ASSET SALE, ESCROW SETTLEMENT, DEBT PAYDOWN, 50:1 REVERSE SPLIT AND OFFICER SHARE PURCHASE

AGILITY ASSET SALE, ESCROW SETTLEMENT, DEBT PAYDOWN, 50:1 REVERSE SPLIT AND OFFICER SHARE PURCHASE

Posted on September 2, 2024 By NewsEditor

AGILITY REAL ESTATE PRESS RELEASE

Agility Real Estate (ENX:AGIL)

TAMPA, FL, UNITED STATES OF AMERICA, August 26, 2024 /EINPresswire.com/ — Agility Real Estate Inc. (“Agility”) (Euronext: AGIL) is pleased to announce the following material events:

1. ASSET SALE & ESCROW SETTLEMENT: The Group has completed sale of its 50% ownership in a Costa Rican property commonly referred to as “Tres Rios”. The Company has also settled on an escrow for its previous sale of assets in Costa Rica. In total, the Company received a net of $6.0 million between both transactions.

2. REDUCTION OF BORROWINGS: Agility has reduced borrowings from $7.8 million as of December 31, 2023, to approximately $4.7 million as of August 2024.

3. 50:1 REVERSE SPLIT: Agility’s Board of Directors has approved a resolution to consolidate shares in a 50:1 reverse split on the basis of one (1) post consolidation shares for every fifty (50) pre-consolidation common shares. Any fractional shares will be adjusted upward to the next whole share post consolidation so as to protect smaller shareholders in particular. The trading symbol will remain “AGIL”. The ex-date upon which the share price should adjust to its post-split price is Friday, September 27th, 2024. Shareholders will be notified by their brokers and/or by the Group’s transfer agent as to procedures they must follow, if any. Shareholders may also write to our General Counsel Yazmina Escobar at [email protected] if they have questions.

The rational of the Group in executing on a 50:1 reverse split is as follows:

A) Enhance tradeability: Because of the penny price point, those holding paper shares are not able to easily have those shares dematerialized and converted into electronic form to be held in tradable form with a broker. The above may have impacted on common share tradeability. It is also believed that many brokers in the US and Europe refuse to facilitate the trading of Agility shares because of the low share price. It is believed that the 50:1 reverse split may help to ease some of these issues and improve tradeability.

B) Lower transaction costs: It is believed that a higher share price can lead to a lower transaction cost as a percentage of the share price, which can attract more interest in Agility shares.

C) Lay the groundwork for the future: While there are no plans that may be announced at this time, nor may there be for some time into the future, the Group believes that a higher share price may be a factor in Group reputation, in financing and in aligning with changes in corporate strategy if and as they evolve.

4. OFFICER SHARE PURCHASE: Agility’s Board of Directors has resolved to issue new shares for sale to company officers equal to 10% of the post 50:1 consolidation of issued shares. Shares will be priced at $2.72 and will be payable by officers to the Company based on a 36-month maximum term at an interest rate of 3%. The purchase by officers of newly issued shares should signal to the market that officers believe in Agility’s future potential and are willing to invest their own financial interest in it.

5. 2024 HALF-YEAR REPORT: Investors will receive a fuller update of the Group’s progress as material events unfold and within our 2024 Half-year Report to be released in September. You may sign up to receive our reporting via email at www.agility.realestate.

ABOUT THE COMPANY

Agility Real Estate Inc., formerly Thunderbird Resorts Inc., is an international real estate developer, owner and operator specialized in emerging markets. Additional information is available at www.agility.realestate.

Contact: Peter LeSar, Chief Executive Officer ∙ Email: [email protected]

Cautionary Notice: All statements, other than statements of historical fact, included in Press Releases, including without limitation, statements regarding potential revenue, income, debt balances and future plans and objectives of Agility Real Estate are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate and actual results could differ materially from those in our formal audited annual reports. Important factors that could cause actual results to differ materially from Agility Real Estate’s forward-looking statements include competitive pressures, unfavorable changes in regulatory structures, and general risks associated with business, all of which are disclosed under the heading “Risk Factors” and elsewhere in Agility Real Estate’s documents filed from time-to-time with the Euronext Amsterdam and other regulatory authorities.

Peter A Lesar
Agility Real Estate
email us here

Legal Disclaimer:

EIN Presswire provides this news content “as is” without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

AGILITY ASSET SALE, ESCROW SETTLEMENT, DEBT PAYDOWN, 50:1 REVERSE SPLIT AND OFFICER SHARE PURCHASE

You just read:

News Provided By

August 26, 2024, 16:05 GMT

Distribution channels:
Amusement, Gaming & Casino, Banking, Finance & Investment Industry, Building & Construction Industry, Business & Economy, Companies, Conferences & Trade Fairs, Consumer Goods, Culture, Society & Lifestyle, Food & Beverage Industry, Furniture & Woodworking Industry …


EIN Presswire’s priority is author transparency. We do our best to weed out false and misleading content. The content above is
the sole responsibility of the author who makes it available. If you have any complaints, kindly contact the author above.

Article originally published on www.einpresswire.com as AGILITY ASSET SALE, ESCROW SETTLEMENT, DEBT PAYDOWN, 50:1 REVERSE SPLIT AND OFFICER SHARE PURCHASE

World News

Post navigation

Previous Post: Ukraine War, Analytics. Day 880: Real Price For Peace in Ukraine – Neutrality. Arestovych, Feldman
Next Post: A Comprehensive Comparison of Cloud Mining vs. Hardware Mining in 2024

Related Posts

  • Assistant Secretary Witkowsky’s Travel to Belgium and the United Kingdom
    Assistant Secretary Witkowsky’s Travel to Belgium and the United Kingdom World News
  • War Day 75: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин
    War Day 75: war diaries w/ Advisor to Ukraine President, Intel Officer @Alexey Arestovych & #Фейгин World News
  • Qualcomm, Thales and SpaceX Spearheading Next-Generation Connectivity
    Qualcomm, Thales and SpaceX Spearheading Next-Generation Connectivity World News
  • Navigating Sustainable Energy Amid China’s Rise in Cuba
    Navigating Sustainable Energy Amid China’s Rise in Cuba World News
  • War Day 307: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin
    War Day 307: war diaries w/Advisor to Ukraine President, Intel Officer @arestovych & #Feygin World News
  • Assistant Secretary Witkowsky’s Travel to Belgium and the United Kingdom
    Counselor Chollet’s Meeting with Presidency of Bosnia and Herzegovina Members Cvijanovic, Komsic, and Becirovic World News
September 2025
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
2930  
« Aug    
last celebrity gossip
Gossip Stone - celebrity life and gossip

Recent Posts

  • War in Ukraine, Analytics. Day 1285: Putin, Modi and Xi Meeting in China. Arestovych, Shelest.September 16, 2025
  • Attorney John Williams Joins Missouri Criminal Defense Firm Combs WaterkotteSeptember 16, 2025
  • Amy Shira Teitel, Space Historian and Author, Weighs In on NASA’s Moon Race: Safety Can’t Be SacrificedSeptember 16, 2025
  • A Groundbreaking Financial Guide That Turns Small Opportunities Into Lasting ProsperitySeptember 16, 2025
  • War in Ukraine, Analytics. Day 1292: War Trends that Commander Syrsky Will Not Report On. ArestovychSeptember 15, 2025
Brand Values Content
VUGA Enterprises - media network PR & Marketing
  • Mustang RestoMod MotorTrend TV 2024 Build
    Mustang RestoMod MotorTrend TV 2024 Build Business
  • CC Wellness Wins 2023 Bronze Stevie Award for the ‘Most Innovative Company of the Year
    CC Wellness Wins 2023 Bronze Stevie Award for the ‘Most Innovative Company of the Year Business
  • U.S. Polo Assn. Celebrates International Women’s Day Alongside the 2023 U.S. Open Women’s Polo Championship Airing on ESPN
    U.S. Polo Assn. Celebrates International Women’s Day Alongside the 2023 U.S. Open Women’s Polo Championship Airing on ESPN Business
  • ALKEME Acquires Robert Bell Insurance Brokers
    ALKEME Acquires Robert Bell Insurance Brokers Business
  • SportGait New Version 2.0 Connects Athletes and Patients Remotely With Healthcare Providers
    SportGait New Version 2.0 Connects Athletes and Patients Remotely With Healthcare Providers Business
  • Russians being prepared for use of nuclear weapons, says Ukraine President Zelensky – BBC News
    Russians being prepared for use of nuclear weapons, says Ukraine President Zelensky – BBC News World News
  • ArtVersion Honored With w3 Gold Award for Internet Society Interactive Report
    ArtVersion Honored With w3 Gold Award for Internet Society Interactive Report Business
  • War Day 45 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych
    War Day 45 :: war chronicles with Advisor to Ukraine President, Intel Officer, Alexey Arestovych World News
aerospace company
stem cell clinic in kiev
medical spa in miami
Fashion TV free

Copyright © 2023 195 News. All Rights Reserved by Coolaser | Partner of VUGA Enterprises |  Advertising: Get Published

Powered by .