-

LLAMA GROUP announces definitive agreement with Azerion

  • Settlement of all claims between the parties
  • Cash payments from Azerion to Llama Group of an aggregate of €3,000,000 by 15 July 2024
  • Extension of time period for calculation of previously agreed price guarantee to 31 December 2025 from 31 December 2024
  • Increase in maximum amount guaranteed by €2,000,000 up to €7,054,780 subject to new value sharing mechanism

BRUSSELS--(BUSINESS WIRE)--Regulatory News

LLAMA GROUP announces that it has finalised a definitive agreement with Azerion, without either party admitting any liability or wrongdoing, settling all potential legal claims between the parties.

As a reminder, on 22 November 2022 LLAMA GROUP announced the sale of the TARGETSPOT division to Azerion (cp-targetspot-azerion-en.pdf (llama-group.com)), including, in addition to the cash portion paid to date, a payment in AZERION shares of 2,782,644 shares.

The agreement means that LLAMA GROUP can definitively turn the page on the sale of TARGETSPOT and has the financial resources to continue its business and finance the launch of its new platform, expected on 2 July.

This agreement provides for :

- A payment of €3m to Llama Group, of which €0.5m paid shortly after the agreement is signed, with the balance to be received on 15 July 2024.

- Extension of time period for calculation of previously agreed price guarantee to 31 December 2025 from 31 December 2024. Increase in maximum amount guaranteed by €2,000,000 up to €7,054,780 subject to new value sharing mechanism related to the value of the Azerion shares.

- Currently, Llama Group holds 1,477,861 Azerion shares.

LLAMA GROUP is delighted with this agreement and intends to concentrate fully on developing its offering and achieving its roadmap.

NEXT MEETING

Annual results

Publication of half-yearly sales figures - 31 July 2024

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.

Contacts

Investors relations
Olivier Van Gulck
investors@llama-group.com

Llama Group

BSE:ALLAM
Details
Headquarters: Anderlecht, Belgium
CEO: Alexandre Saboundjian
Employees: 100
Organization: PRI
Release Versions
EnglishFrench

Contacts

Investors relations
Olivier Van Gulck
investors@llama-group.com

More News From Llama Group

Winamp Group SA Continues the Implementation of Its Bond Financing With a Second €250,000 Subscription by Hexagon Capital Fund

BRUSSELS--(BUSINESS WIRE)--Regulatory News: WINAMP GROUP SA (Euronext Growth Paris and Brussels: ALWIN) (“Winamp Group” or the “Company”), owner of the Winamp platform, announces that the Luxembourg-based fund Hexagon Capital Fund has proceeded, on 6 November 2025, with a second subscription of 250 bonds issued by Winamp Group SA, each with a nominal value of €1,000, representing a total amount of €250,000. This subscription was made at the request of Winamp Group SA, in accordance with the ter...

Eligibility of Winamp Group Shares for the PEA-PME Scheme

BRUSSELS--(BUSINESS WIRE)--Regulatory News: Winamp Group (Paris: ALWIN) (Brussels: ALWIN) confirms that it meets all the eligibility criteria for the PEA-PME scheme as defined in Articles L. 221-32-2 and D. 221-113-5 et seq. of the French Monetary and Financial Code, namely: A total workforce of fewer than 5,000 employees; Annual revenue of less than €1.5 billion or total assets of less than €2 billion. As a result, Winamp Group shares remain fully eligible for inclusion in PEA-PME accounts, wh...

Euronext Confirms the Change of Name and Ticker of Llama Group to Winamp Group SA (ALWIN)

BRUSSELS--(BUSINESS WIRE)--Regulatory News: Winamp Group SA (formerly Llama Group SA) (Paris: ALWIN) (Brussels: ALWIN) announces that Euronext Growth Paris and Brussels have officially updated the company’s name and trading symbol, following the approval of the name change by the Extraordinary General Meeting held on October 20, 2025. As of today, the company’s shares are traded under the new name “Winamp Group SA” and the ticker “ALWIN”, replacing “ALLAM.” This change marks another step in the...
Back to Newsroom