close
close

Art part 003: ART part 003

Art part 003: ART part 003

Finanznachrichten News

ART SHARE 003 – Offer Update

Luxembourg, November 22, 2024

  • Following the announcement on November 1, 2024, Art Share 003 SA (the “Company“) is pleased to have received positive investor engagement for the offering launched on September 18, 2024 (the “Offer“).
  • However, due to challenging market conditions and increased market volatility, the necessary criteria to complete the Offer were not met. Consequently, no application will be submitted to admit the Company to the trading platform operated by ARTEX Global Markets AG.
  • For further details, investors are requested to contact the sole bookrunner:

Zeus Capital Limited
Ben Robertson
Oude Bredestraat 125, 12e Floor, London, EC2N 1AR
www.zeuscapital.co.uk

* * *

About Kunstadeel 003 SA

Art Share 003 is a public limited company (anonymous society) incorporated under the law of the Grand Duchy of Luxembourg, existing as a securitization company (organism the titrization) within the meaning of the Luxembourg law of 22 March 2004 on securitization, as amended. It was established for the purpose of issuing shares, reducing the economic risk associated with the Work of Art and any other risk associated therewith within the meaning of Article 53 of the Luxembourg Law of 22 March 2004 on Securitization, as amended (the “Securitization Act“), through the issuance of, and financed by, among other things, the issuance of Class B shares.

Art Share 003 was established to enable fractional investment in the Artwork through the subscription of the Class B Shares (ie by executing a securitization transaction of the Artwork).

Art Share 003 is managed by a board of directors consisting of Ms. Ursula Schmidt, Mr. Edouard de Burlet and Mr. Ronan Le Bouc.

Press contacts

France and global

Aliénor Miens | [email protected]| +33| +33 (0)6 11 84 34 92