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Major Shareholding Notification • May 11, 2019
4246_rns_2019-05-11_309bed74-b710-4698-8a3a-d065485cb6c3.pdf
Major Shareholding Notification
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| Informazione Regolamentata n. 0260-21-2019 |
Data/Ora Ricezione 11 Maggio 2019 11:29:43 |
MTA | |
|---|---|---|---|
| Societa' | : | TISCALI | |
| Identificativo Informazione Regolamentata |
: | 118301 | |
| Nome utilizzatore | : | TISCALIN07 - Ilenia Loi | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 11 Maggio 2019 11:29:43 | |
| Data/Ora Inizio Diffusione presunta |
: | 11 Maggio 2019 11:29:44 | |
| Oggetto | : | AT THE REQUEST OF THE SHAREHOLDER ICT HOLDING LDT |
TISCALI SpA: PRESS RELEASE ISSUED |
| Testo del comunicato |
Vedi allegato.
An Italian group of investors buys 22.059% of Tiscali
Milan, May 10th, 2019
Today Amsicora Srl, an investment vehicle founded and managed by Claudio Costamagna, Alberto Trondoli and Manilo Marocco, also participated by private investors, signed an agreement to purchase a 22.059% stake in Tiscali S.p.A., to support the implementation of the recovery plan prepared by the company.
The new shareholders, together with the founder Renato Soru, owner of a stake of 7.94% in Tiscali, will bring their industrial and financial expertise to the benefit of the company and its shareholders.
Amsicora entered into an agreement with ICT Holding Ltd for the purchase of its stake in Tiscali, equal to approximately 20.79% of the share capital, and an agreement with SOVA Disciplined Equity Fund SPC for the purchase of a stake equal to approximately 1.269% of the share capital. Overall, Amsicora will hold approximately 22.059% of Tiscali.
The transaction has been arranged by CC & Soci.
The execution of the agreement is subject to certain conditions precedent and is expected to take place by the end of May 2019.
Subject to the completion of the purchase of ICT's stake, Amsicora and Renato Soru will enter into a shareholder agreement to provide a common leadership for the managemement of the company.
By signing of the sale and purchase agreement ICT Holding Ltd, who holds 50% of the convertible note issued by Tiscali in 2019 and expiring in 2020, is prevented from exercising the conversion right and purchasing Tiscali shares until June 30, 2020.