Unicommerce Esolutions Limited — Important, 19-12-2024: Agreements

Unicommerce eSolutions Ltd. has now acquired 42.76% of the share capital of Shipway Technology Private Limited on a fully diluted basis. This acquisition includes the execution of an Amended and Restated Shareholder(s) Agreement, granting the company special rights such as affirmative voting rights, liquidation preference rights, right of first refusal, tag-along, drag-along rights, and the ability to appoint a majority of directors on Shipway's board. As a result of this transaction, Shipway has become a material subsidiary of Unicommerce, signaling a significant strategic move that could enhance their operational and competitive positioning in the market. Investors should regard this development as a step towards strengthening Unicommerce’s portfolio and potential growth in the e-commerce sector.