TXT E-Solutions — Share Issue/Capital Change 2021

Jan 28, 2021

Informazione Regolamentata n. 0439-8-2021		Data/Ora Ricezione 28 Gennaio 2021 19:48:34	MTA - Star
Societa'	:	TXT e-SOLUTIONS
Identificativo Informazione Regolamentata	:	141925
Nome utilizzatore	:	TXTN02 - Favini
Tipologia	:	2.2
Data/Ora Ricezione	:	28 Gennaio 2021 19:48:34
Data/Ora Inizio Diffusione presunta	:	28 Gennaio 2021 19:48:35
Oggetto	:	TXT invests in Gruppo Bancario Igea Banca through the underwriting of a reserved capital increase
Testo del comunicato

Vedi allegato.

TXT e-Solutions invests in Gruppo Bancario Igea Banca, which fully controls IGEA Digital Bank S.p.A. through the underwriting of a reserved capital increase

Milan, 28 January 2021- 19:45

TXT e-Solutions S.p.A. ("TXT"), as part of its policy of optimising the asset allocation of available liquidity, made a financial investment of approximately €14.3 million in the share capital of Banca del Fucino S.p.A. ("Bank"), in return for the issue of new shares amounting to approximately 9% of the share capital (post-money). The capital increase operation reserved for TXT took place on the basis of a statutory delegation given to the Bank's Board of Directors, who today accepted TXT's investment proposal.

TXT's Board, supported by documentation prepared by leading consulting firms, assessed that the financial investment presents an attractive risk-return profile.

The Bank is the parent company of the banking group Gruppo Bancario Igea Banca and wholly controls IGEA Digital Bank S.p.A., a digital bank with excellent development prospects in the current market context. Strengthening the Bank's capital, which in the last month recorded a total capital adhesion increase of more than €45 million, fully paid in cash, is aimed at implementing the 2020-2023 business plan focused on the business model of a specialty bank with a strong Fintech focus. Consistent with the business plan, the management's objective is to promote the Bank's stock exchange listing.

"A promising financial investment in the banking sector that is strategic for us", commented Daniele Misani, CEO of TXT. "We optimise the allocation of available liquidity, not precluding the continuation of strategic acquisitions and research & development investments, according to the accelerated growth plan in place".

***

TXT is an international IT Group, end-to-end provider of consultancy, software services and solutions, supporting the digital transformation of customers' products and core processes. With a proprietary software portfolio and deep expertise in vertical domains, TXT operates across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Government and Fintech. TXT is headquartered in Milan and has subsidiaries in Italy, Germany, the United Kingdom, France, Switzerland and the United States of America. The holding company TXT e-Solutions S.p.A, has been listed on the Italian Stock Exchange, STAR segment (TXT.MI), since July 2000.

For further information:

Andrea Favini IR - Tel. +39 02 257711