Tessellis

Share Issue/Capital Change • Dec 3, 2025

Data/Ora Ricezione : 3 Dicembre 2025 17:45:18

Oggetto : Tessellis S.p.A. - Notice of change in share

capital

Testo del comunicato

Vedi allegato

Notice of change in share capital

Cagliari, 03/12/2025

Tessellis S.p.A. (the "Company" or "Tessellis"), following the notice issued on June 17, 2024 and the filing on December 3, 2025, with the Companies' Register of Cagliari of the certificate referred to in Article 2444 of the Italian Civil Code, announces the new amount of its share capital.

	Current share capital			Previous share capital
	Euro	n. shares	Nominal	Euro	n. shares	Nominal
			Unit Value			Unit Value
Total of
which:
Ordinary	69,665,654.64	491,759,161	Without	69,465,654.64	488,835,185	Without
Shares			nominal			nominal
(Dividend			value			value
shares)
Current
number: 2
Listed	51,596,685.16	359,927,717	Without	51,396,685.16	357,003,741	Without
(ISIN			nominal			nominal
IT0005496			value			value
473)
Non listed	18,068,969.48	131,831,444	Without	18,068,969.48	131,831,444
(ISIN			nominal
IT0005628			value
661)

	N. of convertible securities exercised	N. of outstanding bonds
Convertible Bonds	2	-
Convertible saving shares
Convertible preferred shares
Warrant

The change in capital was executed by virtue of the request for conversion, submitted on December 3, 2025 by Nice & Green S.A. (N&G), of two bonds (coupon no. 269-270) of the convertible and converting bond against which 2,923,976 new Tessellis ordinary shares, without par value, listed with ISIN IT0005496473, were issued today.

It should be noted that the conversion price identified based on the contractual agreements was set at EUR 0.0684.

It should also be noted that N&G is not - nor has it ever been - qualified as a related party pursuant to the applicable regulations in law.

Furthermore, it is hereby announced that today N&G subscribed to five bonds convertible into Tessellis shares (coupons no. 266 – 270 currently being issued) with a unit value of EUR 100,000 each, in accordance with the resolutions of the Company's Extraordinary Shareholders' Meetings of May 16, 2022 and June 17, 2024.

Press Office

Ilenia Loi Ilenia.loi@tiscali.com +39 070 46011

About Tessellis

Tessellis S.p.A. (listed Euronext Milan: TSL) is the holding company of the Group formed by the merger of Linkem Retail and Tiscali S.p.A. It includes among its business areas that of Tiscali Italia S.p.A., a national operator among the first in the ultrabroadband segment (FWA - Fixed Wireless Access and FTTH - Fiber To The Home), the portal www.tiscali.it, one of the main Italian news portals, with about 8 million visitors per month to its credit, as well as the advertising concessionaire Veesible S.r.l..