Strategic Investment in Diginex: A Sustainable Future Ahead
Significant Investment by His Highness Shaikh Mohammed
Diginex Limited (NASDAQ: DGNX), a leader in ESG sustainable RegTech, has recently announced a groundbreaking acquisition. His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan, a prominent member of the Abu Dhabi Royal Family, has made a strategic investment by buying warrants valued at USD 300 million to purchase 6.75 million ordinary shares of Diginex. This private transaction significantly strengthens the relationship between Diginex and the United Arab Emirates (UAE), paving the way for further advancements in sustainable finance and innovation.
Details of the Transaction
The warrants acquired by His Highness reflect a substantial commitment to Diginex’s growth. If exercised, they would yield approximately USD 69.2 million for the company, granting His Highness about a 22.7% stake in Diginex's outstanding shares. This transaction is facilitated through his investment holding company, Nomas Global Investments L.L.C – S.P.C, from Rhino Ventures Limited, which is owned by Miles Pelham, the Chairman and Founder of Diginex.
As part of the deal, an initial USD 50 million has been transferred to Rhino Ventures, with the remaining USD 250 million set to be paid by the end of 2025. The warrants are structured into three tranches, each with varying exercise prices and expiration dates, presenting a strategic avenue for potential capital growth for both parties involved.
Breakdown of the Warrants
The acquisition includes three tranches of warrants, each offering the ability to purchase ordinary shares at specified prices:
- Tranche 1: 2,250,000 ordinary shares at USD 8.20, expiring 15 months after January 23, 2025.
- Tranche 2: 2,250,000 ordinary shares at USD 10.25, expiring 18 months after January 23, 2025.
- Tranche 3: 2,250,000 ordinary shares at USD 12.30, expiring 24 months after January 23, 2025.
Strategic Alliance with Nomas Global
This investment follows a strategic alliance declared earlier in the year between Diginex and Nomas Global, which discussed a prospective dual listing of Diginex’s shares on the Abu Dhabi Securities Exchange. This partnership aims to raise up to USD 250 million and aims to enhance Diginex’s commitment to the UAE’s sustainability and economic diversification goals.
“We are thrilled to announce His Highness Shaikh Mohammed as a significant shareholder,” expressed Miles Pelham. “This relationship confirms our aligned vision for utilizing technology to tackle sustainability challenges. With this partnership, Diginex is well-positioned for expansion in the UAE and the broader Gulf Cooperation Council (GCC) region.”
His Highness's Vision for Sustainability
His Highness Shaikh Mohammed expressed confidence in Diginex’s capacity to lead in sustainable finance, emphasizing a collaborative approach to create lasting prosperity through technology. His vision aligns perfectly with Diginex's goals as both seek to drive transformative change in the global sustainability arena.
Diginex’s Commitment to Sustainable Innovation
Diginex is dedicated to reshaping the landscape of ESG technology. By harnessing cutting-edge advancements in blockchain and artificial intelligence, the company aims to improve transparency and efficiency in ESG reporting. Diginex supports 17 international frameworks, affirming its status as a trusted partner for organizations aiming to meet evolving sustainability standards.
The diginexESG platform exemplifies this commitment, offering comprehensive support for organizations in their quest for transparency and accountability. Diginex continues to expand its global influence, aligning with regional initiatives like Vision 2030 and Net Zero by 2050.
For inquiries or to schedule a demo, please visit www.diginex.com.
Frequently Asked Questions
What does the investment by His Highness Shaikh Mohammed signify?
This investment symbolizes a strong commitment to sustainable finance and Diginex’s growing role in this field.
How much is the total investment in Diginex?
The total investment amounts to USD 300 million, which includes warrants for 6.75 million shares.
What are the benefits of this transaction for Diginex?
This transaction enhances Diginex’s operational capacity and reinforces its partnerships in the UAE.
What is the future outlook for Diginex?
Diginex is expected to accelerate its growth in the UAE and the GCC region, focusing on innovative sustainable finance solutions.
How can businesses and governments benefit from Diginex’s solutions?
They benefit from improved transparency, efficiency, and alignment with evolving sustainability standards through Diginex's ESG technology.
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