Schedule One update - SEC S.p.A.

ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM RULES")

COMPANY NAME:

SEC S.p.A.

COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY TRADING ADDRESS (INCLUDING POSTCODES) :

Registered office and trading address: Via Aporti 8 20125 Milan, Italy

COUNTRY OF INCORPORATION:

Italy

COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED BY AIM RULE 26:

https://www.secglobal.com/investors/

COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED:

Admission is following a reverse takeover under Rule 14 by SEC S.p.A of Porta Communications plc, another AIM quoted company.

SEC S.p.A. is a holding company and head office for a public relations and advocacy business, headquartered in Milan with operations primarily across western Europe and Latin America. The business was originally founded in 1989 and has subsequently grown both organically and by acquisition.

Porta Communications Plc is the holding company for an International communications and marketing business with 17 offices in 7 countries. Through its specialist businesses, primarily under the Newgate Communications brand, Porta helps clients to build their brands and protect their reputations on a local, national and international basis benefiting from its specialist and integrated communications and marketing services.

DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS AS TO TRANSFER OF THE SECURITIES (i.e. where known, number and type of shares, nominal value and issue price to which it seeks admission and the number and type to be held as treasury shares):

Number of ordinary shares of no par value ("Ordinary Shares") for which Admission will be sought: 24,250,907

There are no restrictions as to the transferability of the Ordinary Shares and no Ordinary Shares will be held in treasury.

CAPITAL TO BE RAISED ON ADMISSION (AND/OR SECONDARY OFFERING) AND ANTICIPATED MARKET CAPITALISATION ON ADMISSION:

Expected Market Capitalisation: £9.9m (based on an enlarged share capital of 24,250,907 and closing price per SEC Share of £0.41 on 28 August 2019)

Capital to be raised: n/a

PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION:

70.74%

DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH THE AIM SECURITIES (OR OTHER SECURITIES OF THE COMPANY) ARE OR WILL BE ADMITTED OR TRADED:

n/a

FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS (underlining the first name by which each is known or including any other name by which each is known):

·; John Foley - Non-Executive Chairman*

·; Luigi Roth - Deputy Non-Executive Chairman

·; Fiorenzo Tagliabue - Chief Executive Officer

·; Emma Kane - Deputy Chief Executive Officer*

·; Brian Tyson - Deputy Chief Executive Officer*

·; Tom Parker - Deputy Chief Executive Officer

·; Anna Milito - Interim Group Chief Financial Officer

·; Mark Glover - Managing Director

·; Paola Bruno - Non-Executive Director

·; David Mathewson - Non-Executive Director

*Proposed Directors

FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER ADMISSION (underlining the first name by which each is known or including any other name by which each is known):

Before Admission:

After Admission:

NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:

n/a

(i) ANTICIPATED ACCOUNTING REFERENCE DATE

(ii) DATE TO WHICH THE MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN PREPARED (this may be represented by unaudited interim financial information)

(iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE REPORTS PURSUANT TO AIM RULES 18 AND 19:

(i) 31 December

(ii) 31 December 2018

(iii) 30 June 2019 due 30 September 2019, 31 December 2019 due 30 June 2020, 30 June 2020 due September 2020

EXPECTED ADMISSION DATE:

4 September 2019

NAME AND ADDRESS OF NOMINATED ADVISER:

Arden Partners plc

125 Old Broad Street

London

EC2N 1AR

NAME AND ADDRESS OF BROKER:

Arden Partners plc

125 Old Broad Street

London

EC2N 1AR

OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:

A copy of the admission document containing full details about the applicant and the admission of its securities will be available on the Company's website, www.secglobal.com

THE CORPORATE GOVERNANCE CODE THE APPLICANT HAS DECIDED TO APPLY

The QCA Corporate Governance Code 2018 published by the Quoted Companies Alliance

DATE OF NOTIFICATION:

29 August 2019

NEW/ UPDATE:

UPDATE