(Alliance News) - Ilpra Spa announced Thursday that it had finalized the acquisition of 70 percent of the share capital of Pentavac Srl for about EUR5.7 million, paid today at the same time as the sale of the shares.

The all-shareholder meeting of Pentavac, which met today, took note of the resignation of its board of directors and appointed the new members of its management body, giving the position of chairman to Maurizio Bertocco and confirming to the position of managing director both selling shareholders, who will retain a total stake of 30 percent.

Ilpra and the sellers, the company explains in a note, then signed a shareholders' agreement aimed at regulating the terms and conditions of the intervening relationships and the corporate governance provisions including the option to purchase the remaining 30 percent of the shares in favor of Ilpra - to be exercised also separately with the individual seller on the date of presentation of the financial statements as of December 31, 2026 and in any case no later than June 30, 2027 - at a price that can be determined on the basis of a multiple of the target's Ebitda as of December 31, 2026 net of the NFI.

Also included in the agreement is the option to sell, in favor of the minority shareholders, the shares that had not already been purchased with the purchase option due to Ilpra, to be exercised on the date of presentation of the financial statements as of December 31, 2030 in any case no later than June 30, 2031, with identical

manner of determination of the price referred to in the previous point.

Ilpra on Thursday closed up 0.8 percent at EUR5.00 per share.

By Chiara Bruschi, Alliance News reporter

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