Trawell Co S.p.a. MIL:TWL

TraWell Co: Pursuant to Art.17 off the Euronext Growth Milan issuers' regulation approval of the Financial Calendar the company decides not to proceed with the acquisition in Northern Europe.

Published

Source: MarketScreener

PRESS RELEASE

PURSUANT TO ART. 17 OF THE EURONEXT GROWTH MILAN

ISSUERS' REGULATION

APPROVAL OF THE FINANCIAL CALENDAR

THE COMPANY DECIDES NOT TO PROCEED WITH THE

ACQUISITION IN NORTHERN EUROPE

Gallarate, January 30, 2025 - The Board of Directors of TraWell Co S.p.A. (Euronext Growth Milan, ticker: TWL, hereinafter referred to as "TWL" or "the Company") today approved the following 2025 financial calendar:

  • May 23, 2025: Board of Directors meeting for the approval of the draft statutory financial statements and consolidated financial statements for 2024;
  • June 26-27,2025 (first and second call): Ordinary Shareholders' Meeting for the approval of the 2024 statutory financial statements;
  • September 30, 2025: Board of Directors meeting for the approval of the half-year financial report as of June 30, 2025.

Following previous press releases on the same subject (dated April 2, 2024; April 29, 2024; September 9, 2024; and October 24, 2024), the Board of Directors announces that the due diligence process yielded negative results. Consequently, the Company has decided not to proceed with the acquisition in Northern Europe, in accordance with the provisions granted to it under the letter of intent dated August 9, 2024.

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About TraWell Co.

TraWell Co. is the global leader in baggage protection services, luggage storage, and related products and services (including the Lost Luggage Concierge service for lost baggage provided by Sostravel.com). Listed on Euronext Growth Milan (ticker: BIT:TWL), the Company operates 145 stores in 45 airports across 14 countries, employing over 200 people and serving 4 million customers worldwide. TraWell Co. offers a unique exposure to a portfolio of commercial activities and services for travelers. With 25 years of experience, TraWell benefits from the growth of the air travel industry and the increasing demand for wellness and security services.

For more information

TraWell Co. S.p.A.

EGA

Investor Relations

Baldi Finance S.p.A.

Rudolph Gentile

Luca Carra

[email protected]

[email protected]

www.trawellco.com