ayondo chairman files share transfer notice six months late

The shares were transferred to existing shareholders of the firm on 22 November 2018 via Next Generation Finance Management AG.

Social trading platform ayondo’s chairman and co-founder Thomas Winkler transferred 1.2 million shares at an undisclosed price to its existing shareholders on 22 November 2018 but only made a filing on 24 May, an announcement revealed.

The filing was made only on 24 May upon a reconciliation of share transaction records, when the company was informed of the share transfer made via Next Generation Finance Management AG after the expiry of a six-month moratorium on 26 September 2018.

This transfer reduced Winkler’s total stake in the company to 28.85 million shares from 30.06 million shares, or 5.66% from 5.9%, based on ayondo’s issued share capital of 509.8 million.

Winkler is also deemed to be interested in the 423,360 shares held by his wife, as well as the 17.54 million shares held by Global Money Ventures AG, 4.81 million shares held by Next Generation Finance Management and the 3.79 million shares by Baltische Bauentwicklungsgesellschaft mbH.

A second transaction by Winkler occurred on 2 May, where the executive transferred another 1.22 million shares from his individual CDP securities account to a custodian nominee account.

Ayondo requested for a trading suspension on 1 February amidst questions about its compliance with UK capital requirements.

On 8 May, ayondo announced it would proceed to sell 99.9% of its subsidiary ayondo Markets (AML) for $10.2m (GBP5.7m) to its white label partner BUX Holding B.V., despite being warned by SGX Regulation (SGX Regco) in March to put its planned disposal of AML on hold until the Financial Conduct Authority’s (FCA) consultation was completed in relation to the capital adequacy requirements.