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RKT Rocket Sharing SpA News Story

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

May 22 (Reuters) - Rocket Sharing Company SpA RCKT.MI:

SAID ON THURSDAY IT HAS SIGNED AGREEMENT 51% STAKE IN STANTUP TO MEXEDIA FOR EUR 16.5 MLN

0.93% STAKE TO BE SOLD FOR EUR 0.3 MLN

REMAINING 50.07% STAKE TO BE CEDED THROUGH RESERVED CAPITAL HIKE OF NEWLY ISSUED MEXEDIA SHARES, FOR TOTAL VALUE OF EUR 16.2 MLN

ROCKET TO SELL MEXEDIA SHARES FOLLOWING CLOSING WITHIN 18 MONTHS

AGREEMENT ENTAILS MINIMUM CASH THRESHOLD TO SELL STAKE IN STANTUP OF EUR 12 MLN

CLOSING EXPECTED BY H1-END

EXPECTED CAPITAL GAIN AMOUNTS TO EUR 14.6 MLN, THAT GROUP INTENDS TO USE FOR M&A, ORGANIC GROWTH

CONVENES SHAREHOLDERS MEETING ON JUNE 9

 Further company coverage: RCKT.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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