Tiscali, Expert.ai Execute Investment Agreement In Villanova.ai

Reuters

09/26

Sept 26 (Reuters) - Tiscali Italia SpA, ExpertAi SpA ::
*SAID ON THURSDAY COMPANIES HAD EXECUTED INVESTMENT AGREEMENT RELATED TO VILLANOVA.AI, EFFECTIVE FROM OCTOBER 1
*TISCALI TO CONTRIBUTE IN KIND TO VILLANOVA PROJECT WITH TANGIBLE ASSETS, EMPLOYEES, CONTRACTS, KNOW-HOW
*EXPERT.AI TO EXECUTE CASH INVESTMENT OF EUR 1.2 MLN INTO VILLANOVA.AI SHARE CAPITAL THROUGH SUBSCRIPTION OF RESERVED CAPITAL INCREASE
*VILLANOVA.AI TO EXECUTE COMMERCIAL AGREEMENT WITH EXPERT.AI FOR PROVISION BY LATTER OF RESEARCH ACTIVITIES, SUPPORT FOR DEVELOPMENT, COMMERCIALIZATION OF PRODUCTS, SOLUTIONS
*VILLANOVA.AI TO BE TRANSFORMED INTO JOINT-STOCK COMPANY, TISCALI TO HOLD 60% OF VOTING RIGHTS, EXPERT.AI 40%
*SUBSEQUENTLY, SUBJECT TO ATTAINMENT OF ITALY'S GOLDEN POWER AUTHORIZATION, TISCALI TO HOLD 60% OF SHARE CAPITAL, 50% OF VOTING RIGHTS, EXPERT.AI TO HOLD 40% OF SHARE CAPITAL, 50% OF VOTING RIGHTS
* Further company coverage: TSL.MIEXAI.MI
* (Gdansk Newsroom)
* ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 26-SEP-202505:33:19 GMT

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