Preliminary agreement for the sale and purchase of the entire share capital of Quarantacinque S.p.A.

Press Releases

Verona, 28 June 2019

Reference is made to the senior secured floating rate notes due 2023 of an aggregate outstanding principal amount equal to Euro 41,200,000 (ISIN Code IT0005328635) (the “Notes”) issued by Quarantacinque S.p.A. (“Quarantacinque” or the “Company”) on 12 April 2018 and subject to further increase on 8 November 2018, admitted to trading on the multilateral trading facility managed by the Vienna Stock Exchange, the so-called Third Market.

Quarantacinque hereby announces that, on the date hereof, the current shareholders of the Company have signed a preliminary agreement for the sale of the entire share capital of Quarantacinque to Cedacri S.p.A.. (the “Transaction”). The closing of the above Transaction is expected to occur during the second half of 2019, subject to certain conditions being met.

The closing of the Transaction entails, pursuant to the terms and conditions of the Notes, the obligation of the Company to early redeem the Notes.