Group Board of Directors has approved the Interim Management Report as of March 31, 2022
May 13, 2022ITWAY S.p. A.: FINANCING OF 5.8 MILLION EUROS FOR THE SUBSIDIARY 4 SCIENCE COMPLETED
August 8, 2022Ravenna, June 16, 2022 – Itway SpA, the parent company operating in the IT, Cyber Security, AI and Big Data sector, listed on the Euronext Milan market, announces that it has closed its position with Mercatoria SpA – the Group’s main creditor – obtaining the early termination of the related agreement signed in execution of the recovery plan pursuant to art. 67 LF. The financial resources functional to the debt relief operation described above were made available by the subsidiary 4Science Srl, specialized in Data Science and Data Management solutions for the scientific research, cultural heritage and Big Data market, through intercompany financing. of Euro 1.1 million.
The Chairman and Chief Executive Officer Giovanni Andrea Farina commented: “We are very satisfied with this result. Once the restructuring process has been completed, the Group will now be able to release the energy necessary to focus on growth. I thank all the professionals, collaborators, and shareholders who have supported us on this path. This operation allows Itway to orient itself with renewed operational freedom towards new financial resources to support the growth of the company both in Italy and abroad, both internally and externally. Furthermore, the exit today from the agreement pursuant to art. 67 of the bankruptcy law lays the foundations for the start of the exit process also from the Consob black list and allows us to resume that accreditation process with the international banking system, allowing us to further improve our positioning “.
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This press release is available at the registered office and on the Company’s website at www.itway.com, at the Italian Stock Exchange and at the centralized authorized storage mechanism called “Emarket Storage” managed by Spafid Connect SpA, and can be consulted at www.emarketstorage.
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Founded in Ravenna on 4 July 1996, Itway SpA is the head of a group that operates in the IT sector for the design, production and distribution of technologies and solutions in the cybersecurity, artificial intelligence (AI ) cloud computing and big data. For over 25 years the group has represented the reference point in the field of Digital Transformation solutions and services. Itway has been listed on the Italian Stock Exchange since 2001.
CONTACTS:
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