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Tessellis
Capital/Financing Update • Aug 29, 2024
4246_mrq_2024-08-29_6adb790d-1af9-406d-909e-0d003babcf8e.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 0260-72-2024 |
Data/Ora Inizio Diffusione 29 Agosto 2024 15:38:19 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | TESSELLIS | |
| Identificativo Informazione Regolamentata |
: | 194999 | |
| Utenza - Referente | : | TISCALIN07 - Capoccia | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 29 Agosto 2024 15:38:19 | |
| Data/Ora Inizio Diffusione | : | 29 Agosto 2024 15:38:19 | |
| Oggetto | : | Tessellis S.p.A. - Notice of change in share capital and issue of new bonds |
|
| Testo del comunicato |
Vedi allegato
Notice of change in share capital and issue of new bonds
Cagliari, 28/08/2024
Tessellis S.p.A. (the "Company" or "Tessellis"), following the filing on August 28, 2024 with the Companies' Register of Cagliari of the certificate referred to in Article 2444 of the Italian Civil Code, announces the new amount of its share capital.
| Current share capital | Previous share capital | |||||
|---|---|---|---|---|---|---|
| Euro | n. shares | Nominal | Euro | n. shares | Nominal | |
| Unit Value | Unit Value | |||||
| Total of |
||||||
| which: | ||||||
| Ordinary | 207,013,818.32 | 238,183,973 | Without | 206,313,818.32 | 236,578,101 | Without |
| Shares | nominal | nominal | ||||
| (Dividend | value | value | ||||
| shares) | ||||||
| Current | ||||||
| number: 2 | ||||||
| Listed | 207,013,818.32 | 238,183,973 | Without | 206,313,818.32 | 236,578,101 | Without |
| (ISIN | nominal | nominal | ||||
| IT0005496 | value | value | ||||
| 473) | ||||||
| Non listed | - | - | - | - |
| N. of convertible N. of outstanding bonds securities exercised |
|
|---|---|
| Convertible Bonds | 7 |
| Convertible saving shares | |
| Convertible preferred shares | |
| Warrant |
The change in capital was executed by virtue of the request for conversion, submitted on 22 August 2024 by Nice Green S.A. (N&G), of seven bonds (N. 54-60) of the convertible and converting bond (in respect to the total of 20 bonds subscribed on 8 July 2024 by N&G), against which 1,605,872 new Tessellis ordinary shares, without par value, listed with ISIN IT0005496473, were issued on 28 August 2024.
It should be noted that the conversion price identified based on the contractual agreements was set at EUR 0.4359.
TESSELLIS
Furthermore, the Company informs that, on the same date, a portion of the second tranche of the 2024 POC following the amendment of the regulation of the bond convertible and converting into Tiscali shares, consisting of 31 tranches of EUR 2,000,000 - which can also be subscribed in tranches of multiples of EUR 1,000,000 for a total maximum amount of EUR 62,000,000.00, reserved for the Investor (the 'POC'), referred to in the investment agreement signed between the Company and N&G on 4 April 2022, as amended.
In particular, the subscription request consists of 10 bonds convertible into Tessellis shares (coupons no. 61-70) with a unit value of EUR 100,000 each, for a total amount of EUR 1,000,000, in execution of the resolutions of the Extraordinary Shareholders' Meetings of the Company of 16 May 2022 and 17 June 2024.
Finally, it is announced that the current one is the first of five bond subscription requests that Tessellis and Nice&Green have agreed to formalise by 30 September 2024, for a total amount of EUR 6 million.
These funds will also be allocated to the realisation of certain extraordinary investments that Tiscali Italia S.p.A. is preparing to make in the executive start-up phase of the Villanova Project (the research and development path in the field of Multimodal Generative Artificial Intelligence selected by the European Union in the IPCEI-CIS programme, which provides for the recognition of state aid under the PNRR equal to 73% of the project value: www.villanova.ai).
| N. of outstanding bonds | |
|---|---|
| Convertible Bonds | 10 |
| Convertible saving shares | |
| Convertible preferred shares | |
| Warrant |
Investor Relations Officer
Patrizia Tammaro Silva [email protected] +39 335 7959913
Press Office
Ilenia Loi [email protected] +39 070 46011
About Tessellis
Tessellis S.p.A. (listed Euronext Milan: TSL) is the holding company of the Group formed by the merger of Linkem Retail and Tiscali S.p.A. It includes among its business areas that of Tiscali Italia S.p.A., a national operator among the first in the ultrabroadband segment (FWA - Fixed Wireless Access and FTTH - Fiber To The Home), the portal www.tiscali.it, one of the main Italian news portals, with about 8 million visitors per month to its credit, as well as the advertising concessionaire Veesible S.r.l..