Exprivia

Capital/Financing Update • Apr 1, 2016

Informazione Regolamentata n. 0450-13-2016		Data/Ora Ricezione 01 Aprile 2016 18:57:20	MTA - Star
Societa'	:	EXPRIVIA
Identificativo Informazione Regolamentata	:	71929
Nome utilizzatore	:	AISOFTWAREN01 - SEBASTIANO
Tipologia	:	AVVI 16
Data/Ora Ricezione	:	01 Aprile 2016 18:57:20
Data/Ora Inizio Diffusione presunta	:	01 Aprile 2016 19:12:21
Oggetto	:	EXPRIVIA GRANTED A €25 MILLION MEDIUM-TERM BANK LOAN
Testo del comunicato

Vedi allegato.

EXPRIVIA GRANTED A €25 MILLION MEDIUM-TERM BANK LOAN.

April 1, 2016. Exprivia S.p.A. signed today a seven-year loan agreement for a medium-term cash credit line worth €25 million with a syndicate of major banks.

The transaction is aimed at rebalancing the Company's sources of short and long-term debt, so as to reduce the liquidity risk and improve its bank rating. The loan will allow Exprivia S.p.A. to obtain financial resources, also in support of the 2015-2020 Business Plan published last November.

The loan's contractual terms, conditions and obligations are in line with market standards for loans of similar amounts and duration, and also include a restriction on the distribution of dividends, which shall not exceed 25% of the net profit, in line with the provisions set out in the Business Plan.

The loan is backed by securities, including the guarantees issued by the parent company Abaco Innovazione S.p.A. for consideration.

The granting of guarantees by the parent company Abaco Innovazione S.p.A. in favour of the Company involves the conduct of homogeneous and of "major relevance" related party transactions, in accordance with the Regulations approved by Consob Resolution No. 17221 of 12 March 2010, and with the Related Party Transaction procedure, approved by the Company's Board of Directors on 27 November 2010.

In accordance with Section 7.2 of the procedure, the Company will make the Information Document available to the public in the manner and within the time limits laid down by current regulations.

These transactions were approved, with no votes against, by the Company's Board of Directors on 3 February 2016, with the unanimous favourable opinion of the Audit and Risk Committee.

"By granting this loan, whose goal is to strengthen the Group's financial structure and to obtain a first tranche of financial resources in support of our 2015-2020 Business Plan, the banks have confirmed their appreciation of and confidence in our plan; we can now proceed promptly with its implementation, allowing the group to focus on its industrial challenges and on the creation of the expected value", commented Domenico Favuzzi, President and Managing Director of the Exprivia Group.

EXPRIVIA

Exprivia S.p.A. is a company specialised in the design and development of innovative software technologies and in supplying IT services for the banking, financial institution, industry, energy, telecommunications, utilities, healthcare and public administration markets.

The company today is listed on the Borsa Italiana MTA, STAR segment (XPR), and it is subject to the direction and coordination of Abaco Innovation Spa.

Exprivia has a team of more than 1800 individuals, located in its headquarters in Molfetta (Bari) and throughout its offices in Italy (Trento, Vicenza, Milan, Piacenza, Rome and Palermo) and abroad (Madrid, Las Palmas, Mexico D.F., Monterrey, Guatemala City, Quito, Lima, São Paulo do Brasil, Sãn Bernardo do Campo, Beijing, Shanghai, Hong Kong and Rio de Janeiro).

CONTACTS

Exprivia SpA

Marketing & Communication Alessia Vanzini email: alessia.vanzini@exprivia.it Tel. +39 0228014.1 - Fax. +39 022610853 Investor Relations

Gianni Sebastiano email: gianni.sebastiano@exprivia.it Tel. + 39 0803382070 - Fax. +39 0803382077