Planetel - Share Issue/Capital Change 2023

Informazione Regolamentata n. 20204-34-2023		Data/Ora Inizio Diffusione 28 Settembre 2023 19:15:32
Societa'	:	PLANETEL
Identificativo Informazione Regolamentata	:	181614
Nome utilizzatore	:	PLANETELN03 - MICHELE PAGANI
Tipologia	:	REGEM; 2.2
Data/Ora Ricezione	:	28 Settembre 2023 19:15:31
Data/Ora Inizio Diffusione	:	28 Settembre 2023 19:15:32
Oggetto	:	APPROVES A SHARE ISSUE FOR BOARD OF DIRECTORS OF EURO 300,000 RESERVED FOR FINVIS
Testo del comunicato

Vedi allegato.

PRESS RELEASE

THE PLANETEL S.P.A. BOARD OF DIRECTORS PARTIALLY EXERCISES THE MANDATE RECEIVED FROM THE GENERAL MEETING ON 31 MARCH 2022 AND APPROVES A SHARE ISSUE FOR A MAXIMUM AMOUNT OF EURO 300,000, INCLUDING PREMIUM, RESERVED FOR FINVIS - SOCIETA FINANZIARIA A RESPONSABILITÀ LIMITATA

Treviolo (Bergamo), 28 September 2023 – Planetel S.p.A., (the "Company" or "Planetel"), parent company of a group of the same name operating nationwide in the telecommunications sector, listed on the Euronext Growth Milan multilateral trading system organised and run by Borsa Italiana S.p.A. ("Borsa"), has announced that its Board of Directors, meeting today with minutes taken by a notary public, resolved, partially exercising the mandate received from the General Meeting on 31 March 2022 in accordance with art. 2443 of the Italian Civil Code, to increase the share capital, against payment and in a single indivisible tranche, with exclusion of the option right as per para 4, subsection 2 of art. 2441 of the Civil Code, by a maximum amount of Euro 300,000 (three hundred thousand/00), including any premium, to be subscribed in the deadline of 28th September 2023 through the issue of up to 43,988 new ordinary shares with the same characteristics as those already in circulation, without face value and with regular dividend rights (the "Share Issue") to be reserved to Finvis - Società finanziaria a responsabilità limitata ("Finvis"),

The Share Issue, which forms part of the Company's acquisition of the entire share capital of Trivenet S.r.I., held by Finvis (as described in full in the press releases dated 14 June 2023 and 30 June 2023), was resolved in order to enable Finvis to reinvest in Planetel's territorial development project. It should also be noted that the Share Issue was entirely subscribed by Finvis on today's date.

The Board of Directors has set the issue price at Euro 6.82 per share, of which Euro 6.22 is a premium, equivalent to the volume-weighted average price (VWAP) of Planetel shares in the 6 (six) trading months prior to the Closing Date of 30 June 2023, increased by 15% (fifteen percent) as agreed in the framework agreement.

Finvis will also be subject to a 12-month lockup period with regard to the Planetel shares which it holds after its subscription of the Share Issue.

The Share Issue was approved further to receipt of auditors BDO Italia S.p.A. on the correspondence to market value of the price of issue of the new shares, in accordance with art. 2441, para 4, second subsection of the Civil Code, as specified in the report by the Company's Board of Directors. Both reports are available to the "Investor Relations/Extraordinary operations" section of the company's website www.planetel.it

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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 262 municipalities and provides TLC/IT services to over 47,540 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 2,416 Km. – CLOUD infrastructure in 3 Datacentres – 140 Planetel Points in 110 Municipalities – 1,141 Cabinets on the ground, etc.

Planetel's main goal is the strategic development of a high-speed proprietary backbone – up to 1.4Tb/s – which will allow more stable, faster and more secure connections with a guarantee of greater continuity of service for its customers.

Ticker: PLN - ISIN Code of ordinary shares: IT0005430951