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MARKET COMPETITION AUTHORITY
ACKNOWLEDGES ITWAY THE RATING OF LEGALITY
★★+
Ravenna, April 27, 2022 – Itway SpA. (“Itway” or the “Company”), parent company active in the IT, Cyber Security, AI and Big Data sector, listed on the Mercato Telematico Azionario of the Italian Stock Exchange announces that it has received the Legality Rating from AGCM (Authority to Guarantee Market Competition). The recognized rating is ★★+ out of a maximum of ★★★ .
What is the Legality
The Legality Rating is a tool for companies introduced in Italy in 2012 by the AGCM, which has the purpose of encouraging principles of ethical behavior within the company and towards the market. The Legality Rating translates into an indicative assessment of compliance with legality and the degree of attention paid by companies in the correct management of the business. This assessment is conducted directly by AGCM by examining numerous parameters to which the company voluntarily submits. It therefore rewards companies that comply with the provisions of the law, are transparent and adopt criteria of ethics and responsibility in the exercise of their activities.
Why Itway has chosen to face a Rating assessment
The provisions of the AGCM in 2012 have been part of Itway’s corporate culture since its foundation in 1996. The first two points, of the 5 Business Values that identify Itway and are explained on its website web https://www.itway.com/it/our-values/ are:
- INTEGRITY
The concept of “Business Ethics” is essential and fundamental for us in our way of doing business. Our conduct is based on the principles of honesty, fairness and justice. Our Business Partners must meet the same requirements - RESPECT
It is our commitment to pay attention to the role, rights and opinions of our business partners. It is our commitment to treat others with equal dignity, trust, and credibility. It is our intention to create a long-term relationship.
For Itway it is the result of a natural path that has always been taken and the recognition obtained confirms this.
The Legality Rating makes it possible to be recognized more positively in relations with both credit institutions and public administrations (recognized by Mef-Mise Decree no.57 of 20 February 2014).
In addition to the economic advantages, the rationale of the Legality Rating is to associate the subject who undergoes it with considerable benefits in terms of a better image and visibility: a company that has obtained the certification is recognized by the market as a reliable subject. , transparent and respectful of high standards of legality.
The publication of the names of the companies holding the Legality Rating is in the specific section of the AGCM website https://www.agcm.it/competenze/rating-di-legalita/list-rating and this list, in April 2022,has about 9500 companies, and is constantly updated.
Obtaining the Rating encourages constant improvement in pursuing responsible and ethical behavior and therefore facilitates new business and growth opportunities.
“We are very honored by the rating obtained by AGCM with ★★+” comments G. Andrea Farina, President and CEO of Itway. “This recognition rewards the Group’s founding values of Integrity and Respect which are the basis of all ethical behaviors that a company must have. “Andrea Farina adds: ” It is the first rating obtained by our Group and we are convinced that with the constant improvement actions we have undertaken we could soon add a star and obtain the maximum recognition of ★★★. “
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This press release is available at the Company’s headquarters and website at www..itway.com, at Borsa Italiana and at the authorized centralized storage mechanism called “Emarket Storage” managed by Spafid Connect SpA, and can be consulted at www.emarketstorage.com.
Itway – www.itway.com
Founded in Ravenna on 4 July 1996 by G. Andrea Farina, Itway SpA he heads a group that operates in the IT sector for the design, production and distribution of technologies and solutions in the field of cybersecurity, artificial intelligence (AI) cloud computing and big data. For over 25 years the group has been a point of reference in the field of Digital Transformation solutions and services. Since 2001 Itway has been listed on the Electronic Share Market (MTA) of the Italian Stock Exchange.
CONTACTS:
Itway SpA Mirella Villa Comunicazione
Tel. 0544 288710 Mirella Villa 335 7592701
investor.relation@itway.com mirella.villa@villacomunicazione.it
