(Finance) – BID-GO, controlling shareholder of GO Internet with a 77.04% stake in the share capital, and GO internet, a company active in the telecommunications field and listed on Euronext Growth Milan, have signed a shareholder financing contract for the disbursement, from BID-GO to GO Internet, of an interest-bearing shareholder loan of 700 thousand eurosaimed at satisfying the economic-financial needs of society in the short term.
BID-GO holds 4,135,802 ordinary shares of Go Internet and on May 31, 2024 promoted a public tender offer (OPA) mandatory totalitarian on all outstanding GO Internet shares. Furthermore, BID-GO is wholly controlled by Tiscali which, in turn, is wholly controlled by Tessellisa company listed on Euronext Milan.
The financing will be disbursed in a single payment by June 30, 2024 by crediting the company’s bank account. Starting from the date of actual disbursement of the loan, interest will accrue at a fixed annual interest rate of 2%.
The financing is provided for the sole purpose of providing for the short-term financial needs of GO Internet in relation to the payment of salaries of employees, as well as taxes and duties expiring by June 30, 2024 e providers of essential services for business continuity.