Relatech

M&A Activity • Mar 29, 2023

Informazione Regolamentata n. 20162-25-2023		Data/Ora Ricezione 29 Marzo 2023 19:41:55	Euronext Growth Milan
Societa'	:	RELATECH
Identificativo Informazione Regolamentata	:	174346
Nome utilizzatore	:	RELATECHN02 - SANTORO
Tipologia	:	REGEM
Data/Ora Ricezione	:	29 Marzo 2023 19:41:55
Data/Ora Inizio Diffusione presunta	:	29 Marzo 2023 19:41:56
Oggetto	:	8% OF THE SHARE CAPITAL IN EFA AUTOMAZIONE S.p.A.	RELATECH: CLOSING COMPLETED FOR THE ACQUISITION OF AN ADDITIONAL
Testo del comunicato

Vedi allegato.

PRESS RELEASE

RELATECH: CLOSING COMPLETED FOR THE ACQUISITION OF AN ADDITIONAL 8% OF THE SHARE CAPITAL IN EFA AUTOMAZIONE S.p.A.

Milan, 29th of March 2023

Relatech S.p.A., Digital Enabler Solution Know-how (DESK) Company and innovative SME listed on the Euronext Growth Milan market (Ticker: RLT), further to what has already been communicated on 18 February 2022 on the occasion of the acquisition of the majority shareholding in E.F.A. Automazione S.p.A. ("EFA") and taking into account the provisions of the contractual agreements, announces that today the closing for the transfer to Relatech of no. 960 shares of EFA, representing 8% of EFA's share capital, by the minority shareholder and current CEO, Mr. Franco Andrighetti, following the exercise of a put option in his favour, has been finalized.

The total consideration for the transfer of the shareholding in EFA is equal to Euro 720,000; the amount will be paid for a portion equal to 50%, i.e. Euro 360,000, in cash and for the remaining portion equal to 50% in no. 169,507 Relatech treasury shares, valued at a price of Euro 2.12 each conventionally identified between the parties, as contractually provided for, by taking into account the volume-weighted average of the daily Relatech share prices over the 30 trading days preceding the closing, weighted for volumes.

The Relatech shares to be transferred are subject to a lock-up period of six (6) months from the date of allocation.

This transaction increases Relatech's share capital of E.F.A. Automazione S.p.A. to 89.66%.

This press release is online at www.relatech.com (Investor Relations/Press Release section) .

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Relatech (ticker RLT ISIN IT0005433740), Digital Enabler Solution Know-how (DESK) Company listed on the Euronext Growth Milan market since June 2019, has been active for over twenty years in Digital Enabler frontier technologies, such as Cloud, Cybersecurity, IoT, Big Data, Blockchain, Machine Learning. Relatech is the reference partner for Digital Innovation of companies and leads a group of companies highly specialized in Digital Enabler Technologies united by the common mission of supporting customers in the digital transformation process. Relatech constantly invests in Open Innovation with an intense R&D activity carried out by internal hubs in collaboration with universities and national research centres. Thanks to the RePlatform digital platform and the know-how deriving from the ecosystem of scientific and technological partners, Relatech develops digital services and solutions capable of innovating the business model of its customers, guaranteeing sustainable business growth for all those companies that see in the process of digital innovation the key to current and future success.

Contacts

ISSUER Relatech S.p.A. - Investor Relations

Michele Santoro | investor@relatech.com | T: +39 02 2404909 | Via Ercole Marelli, 165 - 20099 Sesto San Giovanni (MI)

EGA & SPECIALIST BPER Banca S.p.A. | relatech@bper.it | T: +39 02 7274 9229 | Via Mike Bongiorno 13 - 20124 Milano

INVESTOR & MEDIA RELATIONS ADVISOR IR Top Consulting | ir@irtop.com | T: + 39 02 4547 3883/4 | Via Bigli, 19 - 20121 Milano