Motion: BDT Investments requests issuance of shares

On September 30, 2025, BDT Investments Inc. filed a corrected oral claim before the Second Civil Circuit Court of the First Judicial Circuit of Panama seeking an order compelling Villamorey, S.A. to issue a share certificate and record BDT as the holder of 33.33% of Villamorey’s shares. BDT’s standing arises from an assignment by Lisa, S.A., recognized in Auto No. 898 of April 12, 2022, and followed by the endorsement of Share Certificate No. 1 on July 25, 2022. Despite this, Villamorey’s directors and representatives have refused to issue the certificate or update the share ledger.

The complaint requests that the court recognize and order the issuance of the share certificate in BDT’s name and mandate BDT’s registration in the Villamorey share ledger. As supporting law and context, the filing cites requirements for nominative shares under Panamanian law and notes potential penalties for unjustified refusal to issue and register shares. The claimed amount is set at $60,000,000, with documentary evidence including Auto No. 898, the endorsed certificate, sworn statements, and prior notices to GALA.