Rocket Sharing Company To Sell 51% Stake In Stantup To Mexedia For EUR 16.5 Mln

About this update from Rocket Sharing Company S.p.a.

Rocket Sharing Company SpA MIL:RKT:SAID ON THURSDAY IT HAS SIGNED AGREEMENT 51% STAKE IN STANTUP TO MEXEDIA FOR EUR 16.5 MLN0.93% STAKE TO BE SOLD FOR EUR 0.3 MLNREMAINING 50.07% STAKE TO BE CEDED THROUGH RESERVED CAPITAL HIKE OF NEWLY ISSUED MEXEDIA SHARES, FOR TOTAL VALUE OF EUR 16.2 MLNROCKET TO SELL MEXEDIA SHARES FOLLOWING CLOSING WITHIN 18 MONTHSAGREEMENT ENTAILS MINIMUM CASH THRESHOLD TO SELL STAKE IN STANTUP OF EUR 12 MLNCLOSING EXPECTED BY H1-ENDEXPECTED CAPITAL GAIN AMOUNTS TO EUR 14.6 MLN, THAT GROUP INTENDS TO USE FOR M&A, ORGANIC GROWTHCONVENES SHAREHOLDERS MEETING ON JUNE 9Further company coverage:

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