ILBE approves the start of the process for the secondary listing of its ordinary shares on Euronext Growth Paris

October 21, 2021

CALL OF THE SHAREHOLDERS ‘MEETING FOR THE AUTHORIZATION FOR THE PURCHASE AND SALE OF TREASURY SHARES

The Board of Directors of ILBE (Iervolino and Lady Bacardi Entertainment) – a company listed on the AIM Italia market active in the production and co-production of film and television content for the international market – met today to approve the starting of the process to request admission to trading as a secondary listing of its ordinary shares on Euronext Growth Paris, the multilateral trading facility (MTF) operated by Euronext in Paris, also submitting the related application. This admission, which remains subject to the successful completion of the related listing process and approval by Euronext Paris, is expected to take place by 2021.

This secondary listing is aimed at increasing the Company’s ability of accessing foreign investors, and in particular those based in France, and at increasing the Group’s visibility on the French market, which has a particularly challenging media & entertainment sector, for the purpose. to increase the opportunities for commercial and corporate collaborations.

Today the Board also approved to convene the shareholders’ meeting of ILBE for mid-November 2021 to request authorization for the purchase and sale of treasury shares pursuant to Articles 2357 and following of the Civil Code, also for the purpose of appointing a market maker and meet one of the requirement for the aforementioned admission. The main features of the buy-back and sale program of treasury shares will be illustrated in the report on the items on the agenda under discussion at the aforementioned meeting, which will be published in accordance with the law.