Investor Relations

Extraordinary Announcement of 4iG Plc.

On signing a new contract aimed at acquiring 51% by a multi-step processof the shares of Space-Communications Ltd. 

4iG Public Limited Company (“4iG”) hereby informs the participants of the capital market that 4iG concluded a new agreement, replacing the previous agreements^[1], on the conditions for the purchase of the share package of Space Communications Ltd. (“Spacecom”), which operates and develops AMOS satellite systems, in accordance with the prior approval of the Israeli Ministry of Communications (“MOC”).Pursuant to this, 4iG can purchase 20% of Spacecom's shares in public and private share issue- in accordance with the approval of the Israeli Ministry of Communications- which is the first step of the multi-step transaction aiming the acquiring the majority, 51% share package of Spacecom. In three years after closing of this first step of the transaction announced on Budapest and Tel Aviv Stock Exchanges, 4iG can increase its share in Spacecom by additional 31%, if the Israeli Ministry of Communications and the shareholders agree to the further acquisition. 

Global operating Spacecom acquisition represents a significant expansion of competence for 4iG, the company group can become leading service provider in all areas of data transmission. 

Spacecom, listed on the Tel Aviv Stock Exchange, offers broadcast and broadband satellite services to the customers worldwide. As it does in Hungary and the region with AMOS 3 satellite, using the Hungarian geostationary orbit until 2024. After this date, Hungary has the opportunity to gain control over its own orbit and frequency again. CarpathiaSat Plc. (“CarpathiaSat”) was established within 4iG Group to take this advantage, and according to the plans will launch and operate the first Hungarian telecommunications satellite on geostationary orbit. In addition CarpathiaSat owns the right to operate Hungary’s orbit for twenty years from 2024. Spacecom acquisition also provides significant technological and business support for the development of the Hungarian commercial satellite will replace AMOS 3. 

Find attached the announcement of Spacecom on the Tel-Aviv Stock Exchange.

_{[1] Share Purchase Agreement dated October 11, 2021, as amended on February 8, 2022}

Budapest, 29^th September, 2022

4iG Plc.