(Finance) – Planetel announces the closing of the acquisition of 100% of the share capital of Net-Admin, a company operating in the field of Information Technology and cloud services throughout the Italian territory, already announced on 20 June 2022.
Furthermore, the Board of Directors, partially exercising the delegation attributed by the Shareholders’ Meeting on 31 March 2022, has implemented theshare capital increase reserved for the founders of Net-Admin for a maximum amount of Euro 675,000 including the premium.
The sale of the shareholdings representing the entire share capital of Net-Admin by the founding partners Francesco Maria Capuano, Stefano Quadrio and Alessandro Taccone in favor of Planetel took place for the total consideration – subject to a negative price adjustment mechanism as envisaged by the agreement – equal to Euro 1.5 million, the amount of which, for Euro 1,300,000, was paid today, Closing Date, while the final balance, for an amount up to Euro 200,000, will be paid within a year from today’s date (Closing Date).