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Press Release Vetrya S.p.A- July 13, 2016
VETRYA: pre-admission announcement to AIM Italy.

Vetrya, recognized leader in the field of broadband platforms for the distribution of multimedia contents and digital value added services announces to have submitted the first admission to the Italian Stock Exchange (Borsa Italiana S.p.A.) for admission to negotiating their own share on AIM Italy/Alternative Capital Market that is scheduled to take place by the end of July.


The Company wants to use the net proceeds arising from the subscription for the Offer, which will be mainly through capital increase, to support development plans, through the development of the core business by international expansion pointing to the main European markets, Latin America, Asian countries, Arab Emirates and South Africa. All while continuing to invest in R & D and in the development of platforms for the distribution of multimedia contents and by exploiting opportunities for growth including as external lines through acquisitions of other small operators of the sector in order to consolidate its competitive position.


In the admission procedure to the negotiations on AIM in Italy, Vetrya is supported by Finnat Bank in quality of Nomad and Global Coordinator, from Ambromobiliare as financial adviser, by the law firm Grimaldi for the legal aspects and PricewaterhouseCoopers as audit company.


In 2015 the Company recorded a value of production of € 37 million, in the fifth year of strong growth, starting from € 354 thousand in 2010 - the year of the foundation - and recording in 2015 of a +154% CAGR 2010/2015 and EBITDA in 2015 of € 5 million.


According to the estimates, the 2016 provisional data see revenues of around Euro 46 million (compared to 35 million in 2015) and EBITDA of approximately Euro 6 million.