Maps: acquisition of 100% of Iasi srl, board of directors’ verifications successfully concluded

MAPS: ACQUISITION OF 100% OF IASI SRL, BOARD OF DIRECTORS'

VERIFICATIONS SUCCESSFULLY CONCLUDED

Parma, 26 August 2021

MAPS S.p.A. (MAPS:IM; IT0005364333), an Innovative SME listed on AIM Italy and active in the digital transformation sector (the "Company"), following up on what was communicated on 20 and 31 July 2021, with reference to the acquisition of 100% of the share capital of Iasi S.r.l. (the "Comprehensive Shareholding") and, in particular, to the contribution of the portion of the Comprehensive Shareholding itself, equal to 17.04% of the share capital of Iasi (the "Contribution Shareholding"), hereby informs that, the Board of Directors of the Company, during the meeting held on 5 August, carried out the verifications pursuant to art. 2343-quater of the Italian Civil Code and has ascertained that in the period subsequent to the reference date of the valuations prepared by the independent expert Maurizio Di Provvido (the "Expert"), i.e. 30 June 2021, no "significant new events" have occurred that would significantly change the value of the Contribution Shareholding.

The Board also verified the professionalism and independence requirements of the Expert who carried out the evaluations pursuant to art. 2343-ter, paragraph 2, letter b) of the Italian Civil Code and art. 2440 of the Italian Civil Code.

As a result of the contribution of the Contribution Shareholding and the above-specified verifications, 206,422 ordinary shares (the "Shares") will be issued, having the same ISIN Code as those outstanding.

The Company will issue the Shares following the filing of the declaration pursuant to art. 2343-quater of the Italian Civil Code.

Following the issue of the Shares, the Company's share capital will amount to Euro 1,289,985.10 comprising 10,894,163 ordinary shares, with no par value.

MAPS GROUP

Founded in 2002, MAPS is an Innovative SME operating in the digital transformation sector. With its registered office in Parma and with approximately 200 employees, it produces and distributes software for the analysis of big data that allows client companies to manage and analyse large quantities of data and information, helping them make strategic and operational decisions and define new business models. It operates in a context characterised by high growth potential: the global market for digital transformation technologies reached $1,100 billion in 2018; in 2020, a market of $1,600 billion is estimated (CAGR 2018-2020 approximately +20%). MAPS operates through 3 business units (Large Enterprise, Healthcare Industry, Gzoom) and has a portfolio of over 400 highly loyal Customers from different markets: Telco, Utilities, Healthcare, Retail, Industry and Public Administration.

Through the Patient Journey line of products, it is a leader in the sector of patient reception in healthcare facilities, presiding over the market with over 1,300 installations, which manage the access paths of over 20 million patients nationwide. The Group invests constantly in R&D. The Research & Solutions division, established in 2016, is responsible for identifying market needs and developing software solutions.

The Group closed 2020 with consolidated revenues of Euro 17.9 million and an EBITDA of Euro 3.4 million. In the last 3 years, MAPS has tripled revenue from proprietary solutions and more than doubled EBITDA. The company is characterised by high levels of recurring revenues: recurring fee revenues represent 28% of consolidated operating revenues in 2020. The Group's organic growth has been accompanied by a significant M&A activity, with the acquisition of IG Consulting (2011), Artexe (2018), Roialty (2019), SCS Computers (2020) and IASI (2021).

Release available on www.emarketstorage.comand onwww.mapsgroup.it

CONTACTS

MAPS

1. [phone]
   [e-mail]

www.mapsgroup.it

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Marco Ciscato - Investor Relations Manager [e-mail]

NOMAD

BPER Banca | T [phone] [e-mail]

INVESTOR RELATIONS & FINANCIAL MEDIA

IR Top Consulting | T [phone]

Maria Antonietta Pireddu, [e-mail] │ Federico Nasta, [e-mail]

Domenico Gentile, [e-mail] │ Antonio Buozzi, [e-mail]

www.mapsgroup.it

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