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Vita Societa Editoriale SpA (VITA.MI)

VITA.MI on Milan Stock Exchange

16 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Vita Societa Editoriale signs contract for lease of business branch
Monday, 27 Mar 2017 11:13am EDT 

Vita Societa Editoriale SpA : Signs contract with DocFlow Italia for lease of CMS-QOOB business branch . The contract concerns license for use of Content Management System proprietary software platform, as well as contracts for the use of QOOB platform corresponding to a turnover of approximately 160,000 euros ($174,128.00) .The contract also concerns 5 employees whose annual cost amounts to about 380,000 euros.  Full Article

Vita to proceed with liability action against board member Stefano Turri
Thursday, 9 Mar 2017 02:16am EST 

Vita Societa Editoriale SpA : Shareholders approve to proceed with a liability action against board member Stefano Turri . Says shareholders were informed regarding the negotiations for a settlement agreement of the dispute [nL5N1FU1V9] .Shareholders were informed that Stefano Turri did not make any binding proposal with guarantees that could allow the parties to reach an agreement.  Full Article

Vita Societa Editoriale updates on current negotiations
Thursday, 9 Feb 2017 03:48am EST 

Vita Societa Editoriale SpA : Said on Wednesday that shareholders acknowledged the agreement proposal of board member Stefano Turri, top shareholder . Proposal envisages that the top shareholders sells its stake in Vita and buys its technological business unit . Shareholders deemed the proposal adequate, although still at an embryonic stage to reach an accord . Shareholders granted the company's consultants powers to continue the negotiations to find an agreement . Chairman said that potential investors expressed their interest in supporting with new finances a project to relaunch the company based on an adequate industrial plan . Chairman said that some bondholders of "Vita 2018 4%" said that they were available to convert their credit into capital in the amount of 460,000 euros ($492,016.00) . Board decided continue working with the investors interested in the relaunch of the company and to complete the preparation of the industrial plan .Board, with the understanding of Vita News soc coop, decided to suspend the activity for the signing of the final agreement for the lease of the editorial business.  Full Article

Vita board to discuss possible liquidation
Wednesday, 18 Jan 2017 02:18am EST 

Vita Societa Editoriale SpA : Says board considers the integration of the offer from K Group Srl for the lease and acquisition of the technological business unit not acceptable [nL5N1F610X] . Convenes a shareholders meetings on Feb. 6 and Feb. 7 . Says that at the end of the shareholders meeting the board will meet to make the required decisions regarding the company's situation .Does not exclude that the decision may be a liquidation, which would imply a full loss of the investment for the shareholders.  Full Article

Vita Societa Editoriale to file request of admission to composition with creditors
Thursday, 1 Dec 2016 02:49am EST 

Vita Societa Editoriale SpA :Said on Wednesday that the board approved to file a request of admission to the procedure of composition with creditors as going concern.  Full Article

Vita Societa Editoriale H1 net loss widens to 423,000 euros
Thursday, 29 Sep 2016 02:56am EDT 

Vita Societa Editoriale SpA : Reported on Wednesday H1 production value of 2.5 million euros ($2.80 million) versus 2.0 million euros a year ago .H1 net loss of 423,000 euros versus loss off 275,000 euros a year ago.  Full Article

Vita shareholders grant board powers for 3 mln euro capital increase
Wednesday, 28 Sep 2016 12:14pm EDT 

Vita Societa Editoriale SpA :Shareholders grant powers to the board for a capital increase of up to 3 million euros ($3.36 million), premium included, in five years.  Full Article

Vita Societa Editoriale Vita Societa Editoriale issues 1 million euro bonds
Tuesday, 5 May 2015 10:19am EDT 

Vita Societa Editoriale SpA:Says Board of directors approves issue of "Vita 2018 4%" non convertible bonds.Says overall value of bonds is 1 million euros.Says interest rate is 4 percent, payable every six months.Says offer starts on May 14, 2015 and expiries on May 13, 2018.  Full Article

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