Press

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.

DANIELA TRAVELLA CO-OPTED AS INDEPENDENT DIRECTOR FOLLOWING THE WITHDRAWAL OF ALBERTO DELLA PORTA
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