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Investor Relations

Legnano (Milan - ITALY), 28th February 2020

PRESS RELEASE

THEMIS: SECOND INVESTMENT ROUND SUCCESSFULLY COMPLETED. DEMAND HIGHER THAN OFFER.

Themis S.p.A., an innovative Start-Up based in Legnano (Milan - ITALY) operating in the White & Green Biotechnologies sector for the development, design and construction of plants and solutions with high technological efficiency, announces that it has successfully concluded today the second round of investment.

Themis has as its objective the application of innovative technologies for waste reduction and for the optimization of the use of energy resources in the full spirit of Circular Economy.

The Company has an internal research and development laboratory capable of offering a complete and cutting-edge technical service, starting from the analysis of each single organic matrix and ending with the processing of the performance data relating to the treatment with the WRT system ( Waste Recovery Technology).

The WRT solution allows you to efficiently treat waste of different nature (sludge, canteen residues, etc ...) allowing a strong return in terms of reuse.

AWARDS AND PATENTS
In April 2019 Themis wins the LE2C (Lombardy Energy Cleantech Cluster) award at the BioinItaly Investment Forum event, organized by Intesa San Paolo Innovation Center and Assobiotech, as "Best Start-up operating in the Circular Economy".
In November 2019 Themis won the "Best Deal Maker" award at the Slingshot event, part of the Singapore FinTech Festival (SFF) and the Singapore Week of Innovation and Technology (SWITCH), organized by Enterprise Singapore - Startup SG. The event gave the opportunity to all participants to get in touch with the most important stakeholders in the innovation sector in the Asian markets.
European patent "method to transform waste and plant for the realization of this method".

DEAL STRUCTURE
The transaction brought a total of € 2,000,000 to the Company's cash accounts, thanks to the participation of leading Italian and foreign institutional and industrial investors.
The request for shares, functional to the subscription of the capital increase for around € 1,000,000, was greater than the quantity offered.
The remaining deposits took place through the issue of a Convertible Bond Loan of approximately € 880,000 lasting 5 years and with an annual coupon of 4%.

CORPORATE GOVERNANCE
Themis S.p.A. has adopted a Corporate Governance in line with the market Best Practice:
1. Transformation into S.p.A. with share capital of € 1,000,000.
2. Board of Directors: Marco Invernizzi (President), Michele Romanò (Chief Executive Officer), Giuseppe Ramundo (Director of the Board), Massimo Protti (Director), Carlo Porta (Director).
3. Board of statutory auditors
4. Auditing: BDO S.p.A.

Michele Romanò, CEO of Themis S.p.A. he has declared: “We are proud of the excellent result achieved, aware that our tomorrow includes important challenges, great responsibilities and significant opportunities on a global level. This important operation effectively consolidates Themis' position also at an international level where rapid growth is expected in emerging markets.
A heartfelt thanks to the founding members, investors, institutional operators and all professionals who with great commitment have defined this operation in every detail ensuring its success.”

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Via Brescia, 13 - 20025 Legnano (Milan - ITALY)

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