SG Company S.p.A. (BIT:SGC) agreed to acquire a 14.20% stake in KNOBS SRL from Smart Capital S.P.A. for ?0.56 million on July 10, 2024. In related transaction, Through the subscription by SG Company of a capital increase of KNOBS, reserved for the Company, for a value equal to ?500,000, such that SG Company, after the increase, will hold 36 .80% of the share capital of KNOBS. Secondly, Smart Capital will sell to the Company a stake equal to 14.20% of the share capital. Such that SG Company will become the owner of 51% of the share capital of KNOBS. Vincenzo Rana and Francesco Bruschi, both also co -founders of KNOBS, will join to join the advisory board of SG Company. As of December 31, 2023, KNOBS has recorded turnover of ?1.395 million and EBITDA of ?0.206 million. Through the aforementioned Transaction, Smart Capital will exit the share capital of KNOBS and th e agreements between the companies provide, as described above, the commitment of SG Company to purchase at nominal value a further stake in the share capital of KNOBS, equal to 1 .5% of the share capital, pro rata by the company's shareholders, such that SG Company will ultimately hold 52.50% of the share capital of KNOBS. While the operations aimed at obtaining 51% of the share capital of KNOBS by SG Company will take place on July 29, 2024 , the purchase of the further 1.5% of the share capital of KNOBS will take place no later than 31 January 2026.

These operations are subject to approval by the extraordinary meeting of the shareholders of SG Company, called today by the Board of Directors of the Company, which will be held on 29 July, in single call. The expected completion of the transaction is July 29, 2024.