PJ van Herpen BV, the holding of Pieter van Herpen, one of the founders of Syndy, exercises a put option on 2% of the shares that he holds in Syndy B.V. Icecat acquires these shares. At the same time, Icecat also takes over the 4% shares from PJ van Herpen BV, which are still encumbered with options in relation to the second founder.
After the transaction, Icecat holds 98% of the shares in Syndy and PJ van Herpen BV the others.
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