Press releases / Price sensitive27 November 2014

Press release of the Retelit S.p.a. Board of Auditors

With the letter dated 26 November 2014, Consob requested that, pursuant to Article 114, paragraph 5 of the Consolidated Law on Finance (TUF), the Board of Auditors express its views on the following circumstances (the subject of the Company press releases of 19 and 25 November 2014): (i) the resignation of the majority of the Retelit S.p.A. Board of Directors; (ii) the dissolution of the Retelit S.p.A. Executive Committee; (iii) the revocation of some of the directors of the subsidiaries e-via S.p.A. and Retelit Usa LLC.

In compliance with what has been requested by Consob, the Board of Auditors makes the following observations.
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Press releases / Price sensitive25 November 2014

Resolutions of Retelit Board of Directors - November 25, 2014

The Board of Directors of Retelit S.p.a.:

- acknowledges the resignation tendered today by the Chairman Gabriele Pinosa, the Deputy Chairman Majdi Ashibani and the Directors Stefano Borghi, Abdelola Elghali and Paola Pillon, namely the majority of the Directors;

- resolves to appoint the Chairman to convene the shareholders' meeting without delay, to pass the resolutions required in respect of the appointment of the Board of Directors.

Completion is envisaged of the activities necessary to amend the structure of the executive bodies of the subsidiares e-via S.p.a. and Retelit USA, LLC, as the "pactum fiduciae" has ceased with some members of said executive bodies.
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Press releases / Price sensitive25 November 2014

Agreement signed with the US Institutional Investor Global Emerging Markets Limited

On 24 November 2014, Retelit stipulated an investment agreement with Global Emerging Markets Limited (GEM), which foresees a reserved capital increase, with the exclusion of the option right, for € 25 million, through the use of an Equity Line of Credit. Retelit will also issue warrants in favour of GEM for an additional € 5 million, which can be exercised within three years of the issue date at a price of € 1 per share. Read more
Press releases / Price sensitive07 November 2014

Retelit: approval of consolidated results at 30 September 2014

THE BOARD OF DIRECTORS APPROVES THE CONSOLIDATED RESULTS AT 30 SEPTEMBER 2014 The Group closes the first nine months of 2014 with the following economic and financial results: with a turnover of € 26.9 million (-6.2% compared to the same period of the previous year), EBITDA is positive at € 5.9 million (-22.1% compared to the first nine months of 2013), EBIT is negative at € -2.9 million (€ -2.4 million at 30 September 2013), and the net result presents a loss of € 1.8 million (against a loss of € 1.3 million at 30 September 2013).

2013-2017 INDUSTRIAL PLAN: Principally as a result of continuing political instability in Libya, the Board of Directors have been unable to confirm the targets in the 2013-2017 Industrial Plan, which specify a return to profit this year.

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Press releases / Price sensitive16 October 2014

Retelit plans the investments around its participation in the AAE-1 Consortium

With its entry into the consortium that will lay the AAE-1 undersea cable system, Retelit is set to become one of the leading telecommunication gateways for the Mediterranean.
145 million Euro in returns are envisaged over the first ten years of the "AAE-1 undersea cable" project, against an overall initial investment of 58 million Euro and a further 12 million Euro that will be spent during this time to develop the inherent business. Furthermore, thanks to the expected infrastructure investments, additional revenue could be generated with the increased capacity and extension of the network into Italy and Europe.
The project will be financed using its own resources with debt and equity resources procured following the strategic investment agreement signed with KBC Telco Infrastructure Pty Ltd, a company fully held by Keybridge Capital Limited (Australian company listed on the AMX).
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Press releases / Price sensitive02 October 2014

Investment agreement with strategic australian investor

On October 1st Retelit S.p.A. (“Retelit” or the “Company”) signed an investment agreement with KBC Telco Infrastructure Pty Ltd, a wholly owned subsidiary of Keybridge Capital Limited (“Keybridge”), a company listed on the Australian Stock Exchange (ASX), and experienced international investor in infrastructure, to issue convertible bonds and non-transferrable warrants to subscribe for common shares in Retelit. The Company will use the funds to pursue its expansion activities both domestically and internationally. Read more
Press releases / Price sensitive17 September 2014

Retelit joins the AAE-1 consortium for the construction of the latest generation undersea cable system to connect Europe, Africa, the Middle East and Asia as far as Hong Kong

Retelit becomes a global operator, joining the international AAE-1 (Asia Africa Europe 1) consortium together with some of the major telecommunications operators of the three continents, signing an agreement for the construction and the maintenance of the first high capacity and low latency undersea cable in the world between the Mediterranean and Hong Kong. Read more
Press releases / Price sensitive28 April 2014

Retelit: the ordinary shareholders' meeting has approved the 2013 financial statement

The Shareholders' Meeting of Retelit, meeting today in ordinary session, has resolved on:
1) approval of the annual Financial Statement as at 31 December 2013.
2) some amendments of the resolution adopted by the Shareholders' Meeting on 30 October 2012 and 06 May 2013 regarding "Determination of the remuneration to be paid to the Board of Directors";
3) the favourable opinion on the 2013 Remuneration Report;
4) approval of the amendment of the Shareholders' Meeting Regulations.
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Press releases / Price sensitive14 March 2014

The Retelit Spa Board of Directors has approved the 2013 Annual Report and updated the 2013-2017 Industrial Plan

1. Approved the 2013 Annual Report: consolidated figures indicate total income and revenues of euro 39.0 million (+4.5% on 2012); EBITDA of euro 10.5 million (+8.1% on 2012) and net result that is negative at euro 0.9 million (an improvement over the minus 3.6 million euro in 2012). The net financial position as at 31 December 2013 is a positive euro 20.0 million (+142.6% with respect to 2012).
2. The update to the objectives of the 2013-2017 Industrial Plan confirms profits for 2014 and envisages, for the 2014-2017 period a compound annual growth rate (CAGR) of turnover of 19.0% and a gross operating margin (EBITDA) of 27.5%. In 2017, the value of production will be euro 75.4 million, with EBITDA at euro 25.6 million. The plan sees investments totaling euro 77.5 million over the five years and total cash generation of euro 43.1 million.
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