2023

Contribution of the Email Service Provider business into Contactlab S.p.A. and name change into MailUp S.p.A.

Growens S.p.A. announces that, in execution of the agreement signed with TeamSystem S.p.A. on 2 February 2023 (the “Agreement”), on 7 June 2023 Contactlab’s extraordinary general shareholders meeting resolved, among other things, to (i) increase its share capital for a total amount of Euro 708,309.00 including nominal value and share premium, to be paid-in via the contribution of the Email Service Provider business (the “ESP business” and the ”Capital Increase”) versus the issue of n. 271,428 new shares; and (ii) change its company name in MailUp S.p.A. (“MailUp”).

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Growens announces sale of Email Service Provider business to TeamSystem Group for a total consideration of 70 million Euro Focus on acceleration of future growth and development of BEE

Growens S.p.A. announced that on 2 February 2023 the Board of Directors approved the signing of a binding agreement (the “Agreement”) for the sale of the MailUp business unit and the share capital of Contactlab S.p.A., Acumbamail S.L., MailUp Nordics A/S and its subsidiary Globase International A.p.S. (collectively the “Email Service Provider”) to TeamSystem S.p.A. (“TeamSystem” or the ”Purchaser”) for a total consideration of 70 million Euro on a cash/debt free base (the ”Transaction”).

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