Alascom Srl made a mandatory bid to acquire remining 48.23% stake in Prismi S.p.A. (BIT:PRM) form Negma Group Ltd and others on February 29, 2024. Prismi has 52,027,410 outstanding shares, 56,923,080 Shares already owned by the Offeror as of the Notice Date. The Offer may also include 6,530,146.00 ordinary shares possibly deriving from the conversion of 13,060,292.00 Prismi Warrants 2018-2025, if the period of acceptance of the Offer, as defined below, ends after the end of the Sixth Exercise Period (from April 2, 2024 to April 30, 2024) envisaged by the "Warrants" Regulation Prisms 2018-2025. The Offeror will pay a consideration of ?0.065 for each Share tendered in the Offer. The acceptance period for the Offer will be agreed with Borsa Italiana in compliance with the terms set out in article 40 of the Issuers' Regulation and will have a duration of between a minimum of fifteen and a maximum of twenty-five trading days open, unless the terms are extended or reopened. Payment of the Offer Consideration will take place by the fifth trading day following the closing date of the (i) Acceptance Period, as may be extended and (ii) any Reopening of the Acceptance Period. As possibly reopened following the Reopening of the Tender Period, an overall participation greater than 90%, but less than 95%, of the Issuer's share capital, the Offeror declares from now its intention to reconstitute a sufficient free float to ensure the smooth running of trading of the Shares.

E.Morace&Co acted as legal advisor and FINSA SpA, as financial advisor of the Alascom Srl