ANTARES VISION SPA: MERGER BY INCORPORATION OF A FULL COMPANY
CONVEL SRL APPROVED
Travagliato (BS), September 7, 2022 – As noted by the Board of Directors of Antares Vision SpA, Italian multinational, leading provider of Track & Trace and quality control systems, which guarantee the transparency of products and supply chains through integrated data management (Antares Vision or the Company) and that of its subsidiary Convel Srl (Convel), a company specializing in automated inspection in the pharmaceutical industry, approved the merger project for the incorporation of Convel into Antares Vision (the Merger) on June 20, 2022, in accordance with art. . 2505, section two of the Italian civil code, registered in the Commercial Registries of Brescia and Vicenza on June 21, 2022 and June 24, 2022 respectively.
We now inform that, on today’s date, the Antares Vision Board of Directors, through an agreement made public, and the General Shareholders’ Meeting of Convel, approved the Merger in the terms provided in the aforementioned proposal.
As has already been mentioned, the Merger operation was born from Antares Vision’s need to encompass the activities that Convel currently carries out independently (and that are already covered by the corporate purpose of Antares Vision and are carried out by it), with the consequent simplification of the group led by the Company.
In accordance with the right granted under article 2504-bis, paragraph two, of the Italian civil code, the Merger will take effect from January 1, 2023. As of such date, Antares Vision will assume all active legal relationships and passives belonging to Convel. No particular benefits are foreseen for the administrators of the companies participating in the Merger.
The merger deed is expected to be signed in the second half of November 2022.
The minutes of the Merger agreements adopted by the Board of Directors of the Company and by the Shareholders’ Meeting of Convel will be deposited for registration in the competent offices of the Mercantile Registries of Brescia and Vicenza, respectively, and will be made available to the public, in accordance with the terms and procedures provided for by law and regulations, at the registered offices of Antares Vision and Convel, on the Antares Vision website (www.antaresvision.comInvestors section) -where all the documentation related to the Merger is available- and in the authorized storage mechanism “1Info” at www.1info.it.
ABOUT ANTARES GROUP VISION
Antares Vision Group is an outstanding technological partner in digitization and innovation for companies and institutions, guaranteeing the safety of products and people, business competitiveness and protection of the environment. The Company provides a unique and comprehensive ecosystem of technologies to ensure product quality (inspection systems and equipment) and end-to-end product traceability (from raw material to production, from distribution to consumer) through of integrated data management, applying artificial intelligence and
block chain technology. The Antares Vision Group is active in Life Sciences (pharmaceutical, biomedical and hospital devices) and in FMCG (Fast Moving Consumer Goods). As a world leader in Track & Trace solutions for pharmaceutical products, the company provides solutions to the world’s leading manufacturers (more than 50% of the top 20 multinationals) and numerous government authorities, monitoring their supply chains and validating product authenticity. It has been listed since April 2019 on the Italian Stock Exchange in the AIM (Alternative Investment Market) segment, and since May 14, 2021 on Euronext STAR Milan. Antares Vision Group recorded a turnover of 179 million euros in 2021, operates in 60 countries, employs more than 1,000 people and has a consolidated network of more than 40 international partners. More information please visit www.antaresvision.comY www.antaresvisiongroup.com.
For more information
ANTARÉS vISION GRAMCLUSTER
ALESSANDRO B.AJ B.ADINO
HEAD OF meINVESTOR RELATIONS
TTHE.: +39 030 72 83 500
+39 030 7283500