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Staminier Acquires Second Tranche of Berkshire Hathaway Shares

May 22, 2019

LONDON--(BUSINESS WIRE)--May 22, 2019--

Further to our recent announcement (available at https://staminier.com/wp-content/uploads/2019/04/Berkshire-Hathaway-Announcement.pdf ), the board of Staminier Limited (“Staminier” or “the Company”) is pleased to confirm that the Company has now completed the purchase of an additional 1,815 Berkshire Hathaway Class B common stock in exchange for the issue to the vendor of £295,466 of Staminier 10 year 2.5% convertible loan notes (“Loan Notes”).

The Loan Notes are convertible into new Staminier ordinary shares of £0.05 each (“Staminier Shares”) at a conversion price of £0.18 per Staminier Share if converted within the first year of issue, with the conversion price rising by £0.01 per annum thereafter, such that £295,466 of Loan Notes converted on or before 30th April 2020 would result in the issue of 1,641,478 new Staminier Shares; if, however, the Loan Notes were converted on the 30th of April 2029, the conversion price would be £0.27 per Staminier Share resulting in the issue of 1,094,319 new Staminier Shares. The last traded price of Staminier Shares immediately prior to this announcement was £0.10 per Share.

Tim Stanton, commenting on the transaction said “We are delighted to have acquired the additional Berkshire Hathaway shares. We very much admire the outstanding investment skills of Warren Buffett and Charlie Munger, and we are also very focused on trying to add substantial value to our shareholders. This transaction increases our liquid capital base as we gear up to make value enhancing acquisitions. We look forward to completing our first significant acquisition in due course”

About Staminier: Staminier has been established to act as an aggregator - acquiring businesses and assets at what the Company believes to be a discount to their intrinsic value, and to then benefit from scale: both by sharing resources between group companies but also by achieving sufficient scale to list the Company’s shares on the capital markets with sufficient liquidity to ensure that Staminier stock can be used as a liquid currency to make further value-enhancing acquisitions and to accelerate future growth. By acquiring businesses and assets at a discount to intrinsic value the Company aims to rapidly enhance shareholder value. www.staminier.com

To join the Staminier conversation, link here https://discord.gg/rAxnWEH. For the full announcement see www.staminier.com/news/ and https://staminier.com/latest-share-price/

View source version on businesswire.com:https://www.businesswire.com/news/home/20190522005485/en/

CONTACT: Tim Stanton

Telephone: 020 7268 4928

tim.stanton@staminier.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING CONSULTING FINANCE

SOURCE: Staminier Limited

Copyright Business Wire 2019.

PUB: 05/22/2019 09:32 AM/DISC: 05/22/2019 09:32 AM

http://www.businesswire.com/news/home/20190522005485/en

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