Goldmoney Inc. Announces Asset Disposition

Executive Summary

• Goldmoney Properties Limited sold the St James Place real estate property for gross proceeds of £37.9 million ($70.1 million).
• Net proceeds will fund capital expenditures on redevelopment properties, reduce debt, and support acquisition of additional strategic property assets.
• The transaction is a material positive event for Goldmoney Inc., enhancing liquidity and supporting its growth strategy.

Key Details

• Seller: Goldmoney Properties Limited (UK), wholly owned subsidiary of Goldmoney Inc.
• Buyer: Institutional investor based in the United States (unnamed).
• Asset Sold: St James Place real estate property (“SJP Property”).
• Gross Proceeds: £37.9 million (approximately $70.1 million).
• Use of Net Proceeds:
• Fund capital expenditures related to redevelopment properties within the existing portfolio.
• Reduce outstanding indebtedness.
• Support acquisition of additional strategic property assets aligned with the Company’s investment strategy.
• Reference: Prior description of the SJP Property provided in Goldmoney’s press release dated December 22, 2023.

Notable Quotes

(No direct quotes were included in the release.)