(Finance) – The president and executive member of the board of directors of TAS Dario Pardi, the non-executive director Umberto Pardi and the independent director Giancarlo Maria Albini have resigned from their respective offices in the company listed on Euronext Milan and active in the supply of solutions for the management of payment systems, e-money and financial markets. The resignation came following the closing of the purchase agreement for the purchase by Solidus BidCo of the entire share capital of GUM International and 2BP Srl and therefore, indirectly, of the entire share capital of OWL SpA, the direct parent of TAS.
As a result of the closing, Solidus BidCo (attributable to the private equity fund Gilde) will promote a full mandatory takeover bid on the ordinary shares of TAS other than the shares held, directly and indirectly, by Solidus BidCo at a price of € 2.20 per ordinary share.
The resignations of Dario Pardi and Umberto Pardi took place by virtue of the agreements provided for in the sales contract, while the resignation of Albini was motivated by the opportunity to facilitate the TAS management turnover process. To replace the resigning directors, the board of directors of TAS has appointed by co-option as non-independent directors of TAS Maurits Edward Boomsma, Giuseppe Franze and Gianluigi Manna, who will remain in office until the next shareholders’ meeting and none of whom are recipients of operating powers. Based on the information available to TAS, the new directors do not directly or indirectly hold shares in TAS.
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