SOFTWeb announced today that it has entered into an agreement to acquire 70% of the shares of Vitamin Media, a digital marketing and advertising company in Greece.

The acquisition is for a total consideration of €655,200, confirming Softweb's strategic commitment to continuous growth and strengthening of its activities.

The price for the acquisition will be paid by "SOFTWeb" as follows:

An amount of €200,000 in cash upon signing the agreement. An amount of €395,200 will be paid within 10 days from today with the possibility of offsetting this amount through an increase in the share capital of SOFTWeb. Provided that the payment is also implemented through a share capital increase, the company will proceed to a call for a general meeting of shareholders for the relevant approvals.

The remaining amount of €60,000 will be paid in cash in 12 months. The acquisition will also be financed through the funds raised from the company's admission to the Alternative Market of the Exchange.

In addition, the company will prepare an Information Memorandum for the purposes of the acquisition, which will be published by posting it on the website of the stock exchange.

Vitamin Media closed 2024 with a turnover of €0.97 million and EBITDA of €105 thousand. The aim of this strategic partnership is to provide integrated solutions that meet both the technological and communication needs of businesses. With a key vision of the digital transformation of its customers, the group aspires to establish itself as the only provider in Greece that has the expertise and the dynamics to offer such integrated services.