Tessellis

Regulatory Filings • Jul 26, 2022

Informazione Regolamentata n. 0260-54-2022		Data/Ora Ricezione 26 Luglio 2022 13:10:28	Euronext Milan
Societa'	:	TISCALI
Identificativo Informazione Regolamentata	:	165258
Nome utilizzatore	:	TISCALIN07 - Capoccia
Tipologia	:	REGEM
Data/Ora Ricezione	:	26 Luglio 2022 13:10:28
Data/Ora Inizio Diffusione presunta	:	26 Luglio 2022 13:10:29
Oggetto	:	Tiscali S.p.A. - The new Tiscali is born: the business plan has been endorsed by the banking institutions
Testo del comunicato

Vedi allegato.

The new Tiscali is born: the business plan has been endorsed by the banking institutions and will be implemented starting from August 1st, 2022, overcoming the certified plan pursuant to section 67 of the Italian Bankruptcy Law

Cagliari, 22 July 2022

Tiscali S.p.A. informs that, today, the merger deed related to the incorporation of Linkem Retail S.r.l. has been executed. This is the final stage of the complex transaction launched at the end of 2021 by the two companies involved and based on a new industrial plan which received the approval also of the banking institutions.

Thanks to the merger, which will be effective as of August 1st, 2022, Tiscali definitively overcomes the certified plan pursuant to section 67 of the Italian Bankruptcy Law and heads towards the future of the new industrial scenario that will fully exploit all the potential and assets of both Tiscali Group and Linkem Group. The "new" Tiscali comes out of a very delicate phase and is now ready to offer the best connectivity solutions to households, as well as to business and public administration market, which will be part of an overall digital transformation based on fixed, mobile, 5G and cloud services.

To serve the merger and the related exchange ratio, Tiscali will issue no. 104,025,497 ordinary shares to be assigned to Linkem S.p.A., sole shareholder of the incorporated company Linkem Retail S.r.l,, for a total amount of Eur 103,858,806.

In order to align all retail activities to the same level, upon the completion of the merger, the Linkem business unit has been assigned by Tiscali to its operating company Tiscali Italia S.p.A..

Press Office Ilenia Loi +39 07046011 iloi@tiscali.com

About Tiscali

Tiscali S.p.A. (Italian Stock Exchange. Milan: TIS), the Smart Telco with the largest Fibre coverage in Italy, provides its customers – individuals, businesses and Public Administration – with a wide range of services: Broadband and UltraBroadband Fixed and Fixed Wireless Internet access, Mobile Telephony services and valueadded services (including security, cloud and social media services). As at 31 December 2021, Tiscali had a customer portfolio of 642.6 thousand units. Tiscali is also one of Italy's leading news portals, with over 9 million visitors per month. Tiscali's web site can be reached at www.tiscali.it.