Investor update Q3 2024
Notice to the investors of Pangea Blockchain International SICAV i.L.
Pangea Blockchain Fund
Sales Process
In the third quarter of 2024, the Liquidator and the Sales Committee continued to be in con-stant contact with the Sales Advisor. Efforts to sell the investments held by Pangea Block-chain International Ltd, Cayman, are continu-ing. Intensive talks are being held with several interested parties, particularly with regard to individual investments; a “portfolio deal” (i.e. an overall sale of all investments by way of the sale of Pangea Blockchain International Ltd, Cayman, which is wholly owned by the Pangea Blockchain Fund) is not currently foreseeable.
It is also currently not possible to predict when individual sales can actually be finalized and closed.
Financial information:
The financial statements for 2023 of Pangea Blockchain International Ltd, Cayman, have now been finalized.
The 2023 annual financial statements for Pan-gea Blockchain International SICAV are being prepared and should be available by the end of October. It is therefore expected that the audits will then also be carried out promptly and that the revised 2023 annual financial statements can be published and presented to the Annual General Meeting before the year end.
It is also intended to distribute a large part of the available liquid funds (including in particu-lar the proceeds from the sale of the shares in Eligma doo in April 2024, see Investor Update Q2 2024), which are currently invested in US Treasury Bonds, to investors.