AI assistant
Planetel M&A Activity 2021
4337_rpt_2021-04-19_bf0367ae-cfdb-4c02-92c6-51303adaefb6.pdf
M&A Activity
Open in viewerOpens in your device viewer
| Informazione Regolamentata n. 20204-12-2021 |
Data/Ora Ricezione 19 Aprile 2021 12:09:12 |
AIM -Italia/Mercato Alternativo del Capitale |
|
|---|---|---|---|
| Societa' | : | PLANETEL | |
| Identificativo Informazione Regolamentata |
: | 145485 | |
| Nome utilizzatore | : | PLANETELN03 - Mirko Mare | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 19 Aprile 2021 12:09:12 | |
| Data/Ora Inizio Diffusione presunta |
: | 19 Aprile 2021 12:09:13 | |
| Oggetto | : | Planetel S.p.A acquires 25% of subsidiary Trifolio S.r.l. to increase its stake to 100% |
|
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
Planetel S.p.A acquires 25% of subsidiary Trifolio S.r.l. to increase its stake to 100%
Treviolo (Bergamo), 19 April 2021 – Planetel S.p.A., ("the Company" or "Planetel"), the parent company of the group of the same name operating nationwide in the telecommunications sector (the "Group"), listed on the AIM Italia multilateral trading system organised and run by Borsa Italiana S.p.A., announces that the Board of Directors, meeting today, has approved the acquisition of 25% (twenty-five per cent) of the shares (the "Holding") in the controlled enterprise Trifolio S.r.l., with registered office at Treviolo (Bergamo), via Boffalora no. 4, tax code and VAT number 02283660161, (hereinafter "Trifolio"), currently held by Sitis Immobiliare S.r.l., with registered office in Treviolo (Bergamo) via Boffalora no. 4, tax code and VAT number IVA 03711070163 (hereinafter "Sitis Immobiliare" and the "Transaction").
Through the conclusion of the Transaction, the Company, which already holds a 75% (seventy-five per cent) stake in the equity of Trifolio, will acquire the entirety of its share capital.
It should also be noted that:
- (i) Sitis Immobiliare holds a stake of 13.41% (thirteen/41 per cent) in the share capital of Planetel; and
- (ii) the Chairman of the Board of Directors, Mr Bruno Mario Pianetti, holds a 51% (fifty-one per cent) stake in the share capital of Sitis Immobiliare.
In the light of points (i) and (ii) above, the Transaction thus constitutes a "Transaction of Lesser Importance with Related Parties" as defined by the procedure approved by the Board of Directors on 10 December 2020 (hereinafter the "TRP Procedure "). The "lesser importance" derives from the fact that the 5% threshold set for the value applicable to the Transaction is not exceeded.
To complete the Transaction, which forms part of a broader corporate reorganisation within the Group, intended to reinforce Planetel and support its growth and development, the Company is to pay Sitis Immobiliare the amount of Euro 60,000.00 (sixty thousand/00) as the price of sale of the Holding.
As required by the TRP Procedure, the transaction was subjected to the prior examination of the Company's related party committee, which, on conclusion of its investigation, issued its opinion in favour of the Company's interests in undertaking the Transaction, and confirming that the latter was financially beneficial and correct in its substance and procedures, on 7 April 2021.
For further information:
PLANETEL S.p.A. Nomad & Global Coordinator Michele PAGANI CFO ed Investor Relations Manager +39 035204094 [email protected]
Investor Relations Media Relations POLYTEMS HIR Bianca FERSINI MASTELLONI - Silvia MARONGIU 06.69923324-066797849 [email protected]
ALANTRA CAPITAL MARKETS Milano, Via Borgonuovo 16 +39 3343903007 [email protected]
POLYTEMS HIR Paolo SANTAGOSTINO +393493856585 [email protected]
Specialist MIT SIM S.p.A. 02.30561270 [email protected]
Holding company of the group of the same name that offers telecommunication services at national level, Planetel S.p.A. has developed a proprietary fibre optic network for the ultra-broadband connectivity of about 99 municipalities and provides TLC/IT services to over 19,000 customers in Lombardy, Veneto and Campania, through a multi-channel approach. Among the first Italian Internet Service Providers (ISP and WISP) to gradually develop its position in the telecommunication and system integration market, the company has been able to stand out on the territory as a single player offering integrated digital solutions, ASP / Cloud services and other IT solutions. Planetel, formerly a national phone operator, can now provide Business, Wholesale and Residential customers with fibre optic network connections, with the most advanced ultra-broadband connectivity and integrated communication solutions with FTTH-FTTP (Fibre to the Home – Fibre to the Premises) network architectures; its offer covers the entire value chain of ICT services that allows companies to accelerate their digitization process and time-to-market. Planetel's primary assets include a fibre optic network of approximately 1,420 Km. – CLOUD infrastructure in 3 Datacentres – 74 Planetel Points in 90 Municipalities – 800 Cabinets on the ground, etc.
Planetel's main objective is the strategic implementation of their own ultra high-speed backbone network - up to 1.4Tb/s – which will enable faster, safer and more stable connections, guaranteeing greater service continuity for its customers.
Ticker: PLT - ISIN Code of ordinary shares: IT0005430951
