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TXT E-Solutions — M&A Activity 2018
Feb 23, 2018
4061_mrq_2018-02-23_6f1b259f-5812-419a-a6f6-91d6f9792134.pdf
M&A Activity
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| Informazione Regolamentata n. 0439-21-2018 |
Data/Ora Ricezione 23 Febbraio 2018 07:56:11 |
MTA - Star | ||
|---|---|---|---|---|
| Societa' | : | TXT e-SOLUTIONS | ||
| Identificativo Informazione Regolamentata |
: | 99343 | ||
| Nome utilizzatore | : | TXTN01 - Matarazzo | ||
| Tipologia | : | REGEM; 2.2; 2.3 | ||
| Data/Ora Ricezione | : | 23 Febbraio 2018 07:56:11 | ||
| Data/Ora Inizio Diffusione presunta |
: | 23 Febbraio 2018 07:56:12 | ||
| Oggetto | : | Notice received from shareholder EB | ||
| Testo del comunicato |
Vedi allegato.
Notice received by TXT e-solutions from the shareholder E-Business Consulting S.A. concerning an agreement for the purchase and sale of the Company's shares
Milan, 23 February 2018
TXT e-solutions, a company listed on the STAR segment of Borsa Italiana, following a notice received yesterday from the shareholder E-Business Consulting S.A. and subsequently confirmed yesterday evening by Laserline S.p.A., communicates that it was informed about what follows.
On 21 February 2018 a purchase and sale agreement was signed for the sale by E-Business Consulting S.A. to Laserline S.p.A., a company in which Dr. Enrico Magni directly owns a 60% shareholding, of the entire shareholding (the Shareholding) owned by E-Business Consulting S.A. in TXT e-solutions S.p.A., representing 25.62% of its corporate capital.
The consideration agreed between the parties for the transfer of the Shareholding, to be paid at closing of the transaction, was determined in a global amount of Euro 35 million, corresponding to a value of approximately Euro 10.50 for each share of TXT e-solutions S.p.A.
The transfer of the Shareholding will take place on the closing date, that is envisaged for 30 March 2018 at the latest.
The notice received specifies that E-Business Consulting S.A. is not a related party of Laserline S.p.A.
The notice ends by observing that on the basis of the treasury shares held by TXT esolutions S.p.A. as at the yesterday's date – corresponding to 9.85% as per the last press release dated 16 February 2018 published on TXT e-solutions S.p.A.'s internet site – the Shareholding is equal to 28.41% of the corporate capital of TXT e-solutions S.p.A. and, therefore, represents a percentage of the corporate capital below the threshold relevant for a mandatory public tender offer.
TXT e-solutions is an international software products and solutions vendor. Specialized in the most dynamic and agile markets with the highest degree of innovation and renewal that require state-of-the art solutions, TXT is focused on two main business areas: specialized software products and advanced Software-related Engineering Services for companies in the Aerospace, Aviation and Automotive; testing and quality services in Banking. Through its newly created internal start-up TXT Sense, it also develops and market innovative applications of Augmented Reality to other service & industrial sectors. The company is listed on the Italian Stock Exchange - STAR segment (TXT.MI). TXT is based in Milan and has subsidiaries in Italy, Germany, United Kingdom, France, Switzerland and USA.
For information:
TXT e-solutions SpA Paolo Matarazzo CFO & Investor Relations Tel. +39 02 25771.355 [email protected]