Tweppy S.p.A. (BIT:TWEP) has signed a binding agreement to acquire Syncrogest Srl from Valerio Giacomelli, Silvia Canova and Syncronika Srl for ?0.74 million on May 10, 2024. The consideration for the acquisition of 100% of the share capital of Syncrogest is equal to ?0.740 million. Today, Tweppy paid the Sellers, through the use of its own resources, a total of ?0.390 million for the transfer of ownership of the shares subject to the purchase and sale. The Company will pay, starting from today's date: (ii) within 12 months, a total of ?0.175 million and (iii) within 24 months, a total of ?0.175 million. As of December 31, 2023, Syncrogest recorded revenues of ?0.262 million; an Ebitda of ?0.0667 million (25.43% of revenues); assets equal to ?0.257 million; and a net financial position of ?0.119 million(net cash). The Syncrogest shareholders' meeting was also held today which resolved to appoint Omero Narducci, as President of the Board of Directors, Stefano Dallago and Lisa Quocchini as directors of the Company. The Syncrogest Board of Directors, also held today, then resolved the appointment of Stefano Dallago and Omero Narducci as managing directors of the company. Valerio Giacomelli, in his capacity as sole director of Syncronika Srl, and Silvia Canova have conclude d service agreements with Syncrogest under which, starting today, they will support the new management in taking over the company management, facilitating - in the transition phase - access to information, transfer of know-how and knowledge of internal processes and procedures, in relation to their respective fields of expertise.

Tweppy S.p.A. (BIT:TWEP) completed the acquisition of Syncrogest Srl from Valerio Giacomelli, Silvia Canova and Syncronika Srl on May 13, 2024.