CRNS Cronos Grp. S A (MM)

The Cronos Group (Nasdaq:CRNS) announced today that its shareholders had approved the Asset Purchase Agreement by and among Cronos and CRX Acquisition Ltd. (�CRX�) and FB Transportation Capital LLC, and related matters. Shareholders owning 81% of Cronos� outstanding shares voted in favor of the transaction proposals. Of those shareholders voting, holders of 99% of the shares voted in favor of the transaction proposals. Closing of the assets sale occurred promptly after the conclusion of the meeting of shareholders in Luxembourg. Cronos sold all of its assets to CRX for a cash payment of $133,679,640 and CRX assumed all of Cronos� liabilities. From the proceeds of sale, Cronos will now proceed to make a liquidating distribution to each of its shareholders in the amount of $16.00 per share, without interest. Cronos� shareholders also approved a change in Cronos� name to �CRG Liquidation Company.� Cronos has requested that trading in its common shares be suspended, effective market close this date.