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Ayondo chairman transferred 1.2 mil shares to third parties last Nov but filing made on May 24

PC Lee
PC Lee • 2 min read
Ayondo chairman transferred 1.2 mil shares to third parties last Nov but filing made on May 24
SINGAPORE (May 28): Ayondo chairman and co-founder Thomas Winkler on Nov 22, 2018, transferred 1.2 million shares at an undisclosed price to third parties, who are existing shareholders of the company.
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SINGAPORE (May 28): Ayondo chairman and co-founder Thomas Winkler on Nov 22, 2018, transferred 1.2 million shares at an undisclosed price to third parties, who are existing shareholders of the company.

However, regulatory filing was made only on May 24 upon a reconciliation of share transaction records when the company was informed of the share transfer.

According to the filing, the transfer was made via Next Generation Finance Management AG after the expiry of a six-month moratorium on Sept 26 2018 which was imposed as part of Ayondo's March 2018 initial public offering.

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