Summary by Futu AI
On July 30, 2024, Jumia Technologies AG entered a sales agency agreement with RBC Capital Markets and Berenberg Capital Markets to issue 20,227,736 ADSs. The Sales Agents will sell these ADSs at prevailing market prices, using commercially reasonable efforts. This issuance is pursuant to Jumia's shelf registration on Form F-3, supplemented by an August 6, 2024 prospectus.The agreement partially utilizes Jumia's Authorized Capital 2024/I, reducing it from €98,945,871 to €58,490,399. Jumia's articles of association were updated to reflect this change. The company also provided details on its share capital structure, authorized and conditional capital, and corporate governance practices in line with German law and the German Corporate Governance Code.