DGAP-News

FinLab AG: Authada signs a strategic agreement with Tinexta Group, which acquires a 16.7 percent stake, thereby expanding its Digital Trust presence to Germany - Seite 2

Tinexta's CEO, Pier Andrea Chevallard commented: "This strategic partnership with Authada has exceptional potential to expand to significant mutual benefit over the next three years. The German market is central to our plans to expand our Digital Trust business. Moreover, the technological assets of Authada will greatly enrich Tinexta's offer and enable cross European commercial expansion."

Infocert's CEO, Danilo Cattaneo highlighted: "The entry of Authada into Tinexta Group represents another important expansion of InfoCert's footprint into the strategic DACH area. The operation signed today will also allow us to offer, anywhere in the 20 countries where we are present, a wider set of innovative technological capabilities that will further enhance digital service security for citizens, companies and institutions. This transaction with Authada allows us to advance the creation of an European Champion of Digital Trust Services, to manage sensitive data of citizens, companies and institutions in full compliance with European regulations."

Authada's CEO and Co-Founder, Andreas Plies said: "We are pleased about the partnership with InfoCert and the resulting strategic benefits. It allows us to combine the highly innovative and technologically leading solutions of both companies and thus create a unique service offering for the national and international markets."

FinLab's Board Member Stefan Schütze said: "As the first institutional investor in and supporter of Authada, we are very pleased to welcome on board InfoCert and Tinexta Group to Authada as strategic partner. It's a perfect match and not only InfoCert and Authada will benefit greatly from this cooperation, but also their customers!"

The strategic agreement foresees the following:

• Authada's current shareholders have committed to undertaking a capital increase;
• InfoCert is participating as lead investor in this capital increase and has paid a modest seven-figure consideration in exchange for a 16.67% participation in the form of special shares that guarantee certain preferential rights;
• Finally, InfoCert has been granted call options that may be exercised following the approval of 2021 and 2022 results that will permit to arrive at 100% control of Authada, given certain conditions.

An Advisory Board will be constituted, which will be made up of representatives of Authada management, FinLab and InfoCert, that will meet periodically to review and approve all major decisions within Authada.