(Alliance News) - UCapital24 Spa on Thursday evening informed that the CEO has negotiated and signed a settlement agreement between the company, UCapital Ltd and Alphiewealth S.r.l. on the one hand and, Masada Ltd, Masada S.r.l., Roberto Maviglia and others, on the other hand, concerning, inter alia, the sale of the stake corresponding to 100% ownership of the issuer in the share capital of Alphiewealth S.r.l.

Specifically, pursuant to the settlement agreement, the company sold with the consent of Masada Ltd, to a party indicated by the latter, the stake corresponding to 100% ownership of the Issuer in the share capital of Alphiewealth S.r.l. at a symbolic price, by notarial deed signed today.

In exchange for the above, Masada Ltd transferred to UCapital Ltd full and exclusive ownership of 889,710 shares in the company against payment by UCapital Ltd of the total price of EUR170,000.00, to be settled, EUR156,000 in favor of Masada Ltd and, EUR14,000 in favor of Roberto Maviglia.

UCapital24 closed Thursday's session in the green by 0.6 percent at EUR0.34 per share

By Maurizio Carta, Alliance News reporter

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