Le Travenues Technology Limited (ixigo) announced that its board has approved an investment of €219,200 in its wholly-owned subsidiary, IXIGO PTE. LTD., in Singapore. This investment will be made by subscribing to 219,200 ordinary shares of €1 each. Subsequently, IXIGO PTE approved granting an optionally convertible loan of the same amount to Sqaas, an associate company, subject to regulatory approvals.
Investment in Subsidiary and Loan to Associate
The board of directors of Le Travenues Technology Limited, operating under the brand name ixigo, has approved a strategic investment of €219,200 into its wholly-owned Singaporean subsidiary, IXIGO PTE. LTD. This investment will be executed through the subscription of 219,200 ordinary shares, each with a nominal value of €1.
Loan Facility for Associate Company
Following this investment, IXIGO PTE. LTD., on August 06, 2026, approved the grant of an optionally convertible loan amounting to €219,200 to Squad As Service, S.L. (Sqaas), an associate company based in Spain. This loan is structured under the terms of a Convertible Loan Agreement between IXIGO PTE and Sqaas, contingent upon obtaining necessary regulatory and corporate approvals.
Loan Conversion and Disclosure
The terms of the agreement stipulate that the optionally convertible loan may be converted into equity securities of Sqaas at a later date. As of the announcement date, no conversion has occurred, and no equity securities have been issued or allotted, thus maintaining the existing shareholding and control structure of Sqaas. The company clarified that this transaction does not constitute an acquisition of shares or voting rights in Sqaas. Any future conversion will be evaluated based on prevailing terms and circumstances, with further disclosures to be made as required.
The financial assistance provided is below the quantitative materiality threshold, and this disclosure is made voluntarily by the company.
Source: BSE
