Monrif S.p.A. (BIT:MON) agreed to acquire remaining 33.69% stake in Poligrafici Editoriale S.p.A. (BIT:POL) for €5.9 million on June 18, 2020. Under the terms of the transaction, Monrif will issue 56.5 million shares in exchange for the Poligrafici shares, on the basis of the ratio of exchange rate set at 1.27 Monrif shares for each Poligrafici share. Poligrafici shareholders who exercised the right of withdrawal will receive the liquidation value - equal to €0.20182 per share on June 22, 2020 and the shares will be transferred to those who have accepted the option and pre-emption offer. The Poligrafici shares will therefore continue to be traded on the MTA until the markets close on June 23, 2020 and will be revoked from the listing on June 24, 2020. The current board of directors of Monrif SpA will remain in office until the next meeting which will be reconvened as soon as possible after the merger has taken effect. As per the merger, the transfer of the publishing business branch to Superprint Editoriale Srl, which will take the name of Editoriale Nazionale Srl, and the transfer of some Monrif real estate assets, directly held or resulting from the merger, will be effective with the transfer of certain debts financial services in the subsidiary Poligrafici Real Estate Srl, which will take the name of Editoriale Immobiliare Srl. The transaction was approved by Commissione Nazionale per le Società e la Borsa. The transaction is expected to complete on June 22, 2020.

Monrif S.p.A. (BIT:MON) completed the acquisition of remaining 33.69% stake in Poligrafici Editoriale S.p.A. (BIT:POL) on June 22, 2020.