M&A Activity • Apr 10, 2019
M&A Activity
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| Informazione Regolamentata n. 20088-8-2019 |
Data/Ora Ricezione 10 Aprile 2019 12:10:04 |
AIM -Italia/Mercato Alternativo del Capitale |
|
|---|---|---|---|
| Societa' | : | Dominion Hosting Holding S.p.A. | |
| Identificativo Informazione Regolamentata |
: | 116729 | |
| Nome utilizzatore | : | DOMINIONNSS02 - Giandomenico Sica | |
| Tipologia | : | 3.1 | |
| Data/Ora Ricezione | : | 10 Aprile 2019 12:10:04 | |
| Data/Ora Inizio Diffusione presunta |
: | 10 Aprile 2019 17:30:21 | |
| Oggetto | : | from Sergio Ravera | DHH acquired 20% of DHH Switzerland SA |
| Testo del comunicato |
Milan, 10 April 2019. DHH S.p.A. ("DHH") (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), a tech company whose mission is to create the "Internet Platform of the Emerging markets of Europe", acquired the 20% of DHH Switzerland SA from Mr. Sergio Ravera (ref. press release 28/3/19).
In the framework of the agreement signed with Mr. Ravera on 12th May 2017 (ref. press release 5/12/17), DHH activated the procedure for the price adjustment on DHH Switzerland SA.
As a result of the activation of this procedure and the subsequent dialogue with Mr. Ravera, DHH and Mr. Ravera agreed on a price adjustment of 190.000 EUR to be paid by Mr. Ravera with shares of DHH Switzerland SA. For the effect of this adjustment, DHH now owns 80%, and Mr. Ravera owns 20% of DHH Switzerland SA.
DHH and Mr. Ravera signed also an agreement through which they have the option to buy (DHH) and to sell (Mr. Ravera) the remaining stake of Mr. Ravera in DHH Switzerland SA as soon as certain conditions mutually agreed by the parties - and related to business KPIs - are met. Both the options can be exercised within 120 days from the approval of the financial statements 2021 of DHH Switzerland SA.
Milan, 10 April 2019. DHH S.p.A. ("DHH") (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), a tech company whose mission is to create the "Internet Platform of the Emerging markets of Europe", acquired the 20% of DHH Switzerland SA from Mr. Sergio Ravera (ref. press release 28/3/19).
In the framework of the agreement signed with Mr. Ravera on 12th May 2017 (ref. press release 5/12/17), DHH activated the procedure for the price adjustment on DHH Switzerland SA.
As a result of the activation of this procedure and the subsequent dialogue with Mr. Ravera, DHH and Mr. Ravera agreed on a price adjustment of 190.000 EUR to be paid by Mr. Ravera with shares of DHH Switzerland SA. For the effect of this adjustment, DHH now owns 80%, and Mr. Ravera owns 20% of DHH Switzerland SA.
DHH and Mr. Ravera signed also an agreement through which they have the option to buy (DHH) and to sell (Mr. Ravera) the remaining stake of Mr. Ravera in DHH Switzerland SA as soon as certain conditions mutually agreed by the parties - and related to business KPIs - are met. Both the options can be exercised within 120 days from the approval of the financial statements 2021 of DHH Switzerland SA.
***
Established in July 2015 and located in Milan, DHH SpA ("DHH") is a tech-group with a focus on building and growing cloud computing businesses in the emerging digital economies.
DHH strives to be the leading group of tech-entrepreneurs spanning the web hosting, SaaS and cloud computing industries in markets where the Internet penetration is still in a "beginner" phase, starting from Italy and western Balkans and determined to establish a global footprint.
DHH is listed on AIM Italia, a Multilateral Trading Facility regulated by Borsa Italiana and registered as an SME Growth Market.
For more information please visit: www.dhh.international
DHH S.p.A. Via Caldera 21, 20153 Milano P.IVA/CF: 09150720960 www.dhh.international
Via Caldera 21, 20153 Milano +39 02 87365100 [email protected] www.dhh.international
Nominated Adviser (Nomad) Advance SIM S.p.A. Società di Intermediazione Mobiliare Piazza Cavour 3, 20121 Milano T +39 02 36574590 F +39 02 95441370 [email protected] www.advancesim.it
DHH S.p.A. Via Caldera 21, 20153 Milano P.IVA/CF: 09150720960 www.dhh.international
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