lastminute.com N.V. updates on Swiss investigation: application for remand partially granted

Amsterdam / Chiasso, 23 July 2022 – In connection with the ongoing investigation of the Public Prosecutor’s Office of the Canton of Ticino (cf. ad hoc release under: https://lastminute-corporate.com/media) against certain current and former executives and managers of certain subsidiaries of lastminute.com N.V. (namely BravoNext SA, BravoMeta CH SA and LMNext CH SA), the Company is informed that the competent compulsory measures court partially approved the remand of four persons, including Fabio Cannavale (CEO) and Andrea Bertoli (COO), for a maximum duration of up to seven weeks. The only other manager who was still being questioned was released.

lastminute.com N.V. updates on Swiss investigation: application for remand filed

Amsterdam / Chiasso, 22 July 2022 – In connection with the ongoing investigation of the Public Prosecutor’s Office (“Office”) of the Canton of Ticino (cf. ad hoc release under: https://lastminute-corporate.com/media) against certain current and former executives and managers of certain subsidiaries of lastminute.com N.V. (namely BravoNext SA, BravoMeta CH SA and LMNext CH SA), the Company informed that the Office has applied for remand for five persons including Fabio Cannavale and Andrea Bertoli with the competent compulsory measures for a maximum duration of up to three months. All the other managers questioned in the context of the investigation have been released.

lastminute.com N.V. reports the opening of an investigation of its Swiss subsidiaries

Amsterdam / Chiasso, 20 July 2022 – The Public Prosecutor’s Office of the Canton of Ticino conducted searches throughout yesterday at the business premises of certain Swiss subsidiaries of lastminute.com N.V. (the “Company”) in connection with the investigation for the suspicion of fraud (146 Swiss Criminal Code, the “SCC”), unlawful claim for social insurance or social assistance benefits (148a SCC) and breach of the Swiss Unemployment Insurance Act (Art. 105 SUIA).

lastminute.com N.V. to buy out minorities from Freesailors with the aim of backing its management investment and incentive schemes

Amsterdam / Chiasso, 29 June 2022 – lastminute.com N.V. (“lastminute.com”), the European Travel-Tech leader in dynamic holiday packages, today communicates the acquisition by Sealine 2 – a vehicle owned by lastminute.com NV management and controlled by lastminute.com N.V. – of approximately 0.32% of the membership interests in Freesailors Coöperatief U.A. (“Freesailors”) – the investment vehicle controlling lastminute.com N.V. – from a private investor for a total amount of CHF ca. 0.54 m (“Transaction A”).

lm holding: Travel demand’s recovery in Q2 resulted in strong cash generation and return to positive earnings in June

Amsterdam / Chiasso, 4 August 2021 – lm holding (or the “Company”), the European leader
in dynamic holiday packages, today releases its 2021 interim results. lm group closed the quarter and the semester significantly better than the previous year. The steep recovery experienced from May onward, generated both a strong increase in cash and positive economic results. June Net Result of € 4.0M is in line with 2019, despite lower volumes.

To better reflect the performance of the core business in the Group numbers and simplify the management reporting structure, the “Business EBITDA” has been abandoned and the “Adjusted EBITDA” modified accordingly. 2020 Figures have been restated too, in line with such a new reporting framework. In order to make the quarters and the semester comparable, 2020 has been further restated to embed the new accounting principles adopted from EOY 2020 on cancellations and vouchers treatment*. All figures presented in this report refer to lm holding (including Cruise business) and show reclassified Revenue that can slightly differ from IFRS Revenue due to the treatment of some extraordinary items. The reconciliation table is available in the Financial Statements published on lm group website.

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