Notice of ADS Purchase by Jumia Group co-CEO

Rhea-AI Summary

Jumia Technologies AG (NYSE:JMIA) announced that co-CEO Jeremy Hodara purchased 50,000 American Depositary Shares (ADS) at the market price on September 13, 2021. This transaction was conducted using personal funds and in compliance with securities regulations. Jumia is a leading pan-African e-commerce platform that connects sellers and consumers through its marketplace, logistics, and payment services. The company’s operational results may vary due to known and unknown risks detailed in its SEC filings.

Positive

• Jeremy Hodara's purchase of 50,000 ADS may indicate confidence in Jumia's future performance.
• The transaction complies with applicable securities laws, enhancing transparency.

Negative

• None.

BERLIN, GERMANY / ACCESSWIRE / September 14, 2021 / Jumia Technologies AG (NYSE:JMIA)("Jumia"), the leading pan-African e-commerce platform, announces that Jeremy Hodara, co-Chief Executive Officer of Jumia has informed the company of the purchase, using personal funds, of 50,000 Jumia ADS on the open market at prevailing market price. The purchase was completed on September 13, 2021, in accordance with applicable securities laws, rules and regulations promulgated thereunder.

About Jumia

Jumia is the leading pan-African e-commerce platform. Jumia's platform consists of its marketplace, which connects sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on Jumia's platform in selected markets.

Forward Looking Statements

This release contains a number of forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward- looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expresses or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward- looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission.

Contacts

Safae Damir
Head of Investor Relations
investor-relations@jumia.com

Abdesslam Benzitouni
Head of PR and Communications
press@jumia.com

SOURCE: Jumia Technologies AG

View source version on accesswire.com:
https://www.accesswire.com/663976/Notice-of-ADS-Purchase-by-Jumia-Group-co-CEO

FAQ

What recent purchase did Jumia's co-CEO make?

Jumia's co-CEO Jeremy Hodara purchased 50,000 ADS on September 13, 2021.

What is the significance of Jeremy Hodara's ADS purchase?

The purchase may reflect Hodara's confidence in Jumia's future business outlook.

Is Jumia subject to any risks that could affect its stock?

Yes, Jumia's operational results are subject to various known and unknown risks as stated in its SEC filings.

Where can I find more information about Jumia's business operations?

More information can be found on Jumia's platform, which includes marketplace, logistics, and payment services.