InfoCert Exercises Contractual Option to Acquire Remaining 40% Stake in CertEurope

InfoCert now holds 100% of the French company's share capital

Tinexta informs that, pursuant to the sale and purchase agreement signed on October 26, 2021 (the "Agreement") between the French company Oodrive S.A.S. and InfoCert S.p.A., the option to purchase the remaining 40% of the capital of CertEurope S.A.S. has been exercised under the conditions defined in the said Agreement.

InfoCert, which already owns 60% of the capital, thus acquires 100% control of the share capital of CertEurope.

The consideration for the acquisition of 40% of the capital amounts to approximately 30.6 million Euros. Under the terms of the agreement, this option became exercisable following the approval of CertEurope's 2022 budget.

Today's transaction was financed with equity. The transaction does not change the economic contribution of CertEurope to the consolidated results of the Tinexta Group, as the company has been fully consolidated since its inclusion in the scope of consolidation.

Contact

Corporate Communication

Alessandra Ruzzu
alessandra.ruzzu@tinexta.com

Press Office

Carla Piro Mander
carla.piro@tinexta.com

Stefania Bassi
Barabino & Partners
s.bassi@barabino.it‍

Investor Relations

Josef Mastragostino
investor@tinexta.com