ALFIO BARDOLLA TRAINING GROUP SPA

Alfio Bardolla Training Group S.p.A. discloses four holdings in its share-ownership register as of 2 August 2026, covering effectively all of its issued capital: Jaguar Holding S.p.A. with approximately 48.77% (2,629,579 shares), the free float held on the market with approximately 45.04% (2,428,465 shares), the company’s own treasury shares with approximately 5.20% (280,373 shares), and other non-dematerialised shareholders collectively holding approximately 0.99% (53,379 shares). Because the company is listed on Euronext Growth Milan, this reflects the disclosure available under the market’s applicable transparency rules for major shareholders rather than a complete register of every individual investor holding shares through the market.

No ownership percentage is presented here for individual holders within the free float, and none should be inferred. Jaguar Holding S.r.l. (also reported as Jaguar Holding S.p.A.) is described in company disclosures as the entity formerly known as King Holding S.r.l., which in 2021 was reported as being approximately 98% owned by Alfio Bardolla, the company’s President and CEO. Because that ownership figure and Jaguar Holding’s current 48.77% stake in the company are reported as of different dates and no single, current source was identified confirming Alfio Bardolla’s present-day percentage interest in Jaguar Holding, a calculated effective ultimate-beneficial-ownership percentage is not provided here; Alfio Bardolla is best understood as the company’s founder and the individual associated with its largest reported shareholder, without a verified, dated ownership chain to support a precise effective percentage.

Data availability for this entity is best described as major shareholders only: holdings crossing the relevant Euronext Growth Milan disclosure threshold are captured, but the complete underlying shareholder base within the free float is not publicly itemised.

The officer records held for Alfio Bardolla Training Group S.p.A. show five active individuals, out of seven total records on file: Alfio Davide Bardolla as President of the Board and Chief Executive Officer; Flavio Venturi as Chief Financial Officer; Filippo Belluschi, recorded as Managing Director with an appointment date of 1 July 2013; Federica Parigi, recorded as COO and Non-Executive Director with an appointment date of 1 September 2015; and Alessandra Carriero as Head of Talent Acquisition. No resignation dates are recorded against any of these individuals, and nationality is not disclosed in the source reviewed for any of them; country fields shown represent an address country rather than a confirmed nationality or residence.

The company’s own published board-of-directors listing, most recently updated with director biographies in September 2025, names a five-member board comprising Alfio Bardolla (President and CEO), Federica Parigi, Nicola De Biase (director since 2019), Robert Allen and Vittorio Rocchetti (independent director since 2016, meeting the independence requirements of Article 148(3) of Legislative Decree 58/1998). This published board listing does not include Filippo Belluschi among current directors, which is not consistent with the Managing Director appointment recorded in the registry data above; no dated resignation or removal record was identified to confirm when or whether his board role ended, so this discrepancy is noted rather than resolved.

Officer information for this entity is best described as partial: it combines registry-style appointment records with the company’s own governance disclosures, and the two do not fully align on board composition as of the most recent company-published listing.

Alfio Bardolla Training Group S.p.A. is the top entity in its own reported corporate structure, with no parent company identified in the available data. Verified information confirms that in 2021 the company acquired 100% of the share capital of Smart Business Lab S.r.l., an Italian company providing mentoring and training services to small and medium-sized enterprises, for a fixed consideration plus an earn-out based on Smart Business Lab’s 2021–2022 EBITDA; the earn-out was ultimately settled in 2023 through a capital increase of the parent company reserved to shareholder Jaguar Holding S.r.l., paid in kind through the contribution of Jaguar Holding’s remaining interest in Smart Business Lab.

Beyond Smart Business Lab, corporate-linkage data associates several further Italian entities with the group — including Novarod S.r.l. and, beneath it, Airdental Group S.r.l. with its own subsidiaries Airdental Roma1 S.r.l. and Airdental To1 S.r.l., as well as ABTG Accelerator S.r.l. and Reasolution S.r.l. — together with one Spanish entity, Alfio Bardolla Training Group España S.L. None of these additional relationships carry a disclosed ownership or control percentage in the data reviewed, and no independent official filing was located during this research confirming each one individually as a parent, subsidiary or affiliate of Alfio Bardolla Training Group S.p.A.; they are therefore reported here as entities linked to the group in registry-sourced corporate-linkage data rather than as fully verified subsidiaries.

Group-structure information for this entity is best described as partial: one direct subsidiary relationship (Smart Business Lab) is independently verified through official transaction announcements, while the remaining linked entities shown in registry data lack a confirmed ownership percentage or an independent source establishing the relationship type.