Genoa (GE), 9 July 2024 – EdiliziAcrobatica S.p.A. (the Company or ACROBATICA), a company specialising in exterior renovation works, listed on Euronext Growth Milan (ticker EDAC) and on Euronext Growth Paris (ticker ALEAC), hereby announces that, today, the Board of Directors, in partial exercise of the proxy conferred by the Extraordinary Shareholders’ Meeting on 26 April 2023, resolved to increase the Share Capital, for payment, excluding option rights pursuant to Article 2441, fourth paragraph, second sentence, of the Italian Civil Code for an Amount equal to Euro 218,436.43 (two hundred eighteen thousand four hundred and thirty-six/43), inclusive of share premium, through the issue of 24,120 (twenty-four thousand one hundred and twenty) new ordinary shares, without any indication of nominal value, and with regular entitlement, to be offered for subscription to Emintad Italy S.r.l. (Emintad or the Partner) (the Reserved Share Capital Increase).
The Reserved Share Capital Increase aims to consolidate and build loyalty in the relationship with Emintad, to date holder of 10,198 ordinary shares of the Company, as it is a strategic partner that has actively contributed in recent years to the Acrobatica Group’s ambitious domestic and international development through strategic acquisitions.
The Board of Directors set the issue price of the shares in Euro 9.056 (nine point zero fifty-six), of which Euro 8.956 (eight point nine hundred fifty-six) as share premium, which is equal to the average of the official prices of the Company’s ordinary shares weighted by the volumes traded recorded during the 30 (thirty) consecutive calendar days on Euronext Growth Milan commencing from the last trading day prior to the resolution date of the Reserved Share Capital Increase, i.e. 8 July 2024 (inclusive).
Today, Emintad fully subscribed to the Reserved Share Capital Increase and thus will become the owner of a total of 34.318 (thirty-four thousand three hundred eighteen) ordinary shares of the Company, equal to 0.41% (zero-point forty-one percent) of the Share capital of the Company.
In addition to the above, Emintad assumed lock-up commitments for a period of 12 (twelve) months following the settlement date of the Reserved Share Capital Increase.
The Reserved Share Capital Increase was resolved upon after obtaining the report of Deloitte&Touche S.p.A., the company appointed to legally audit the Company’s accounts, on the correspondence to market value of the unit share issue price pursuant to Article 2441, paragraph 4, second sentence of the Italian Civil Code, as identified by the Company’s Board of Directors.
The offer for subscription of the newly issued shares resulting from the Reserved Share Capital Increase falls under the regime of exemption from the preparation and publication of a prospectus pursuant to Article 1(3) and, in the alternative, Article 1(4)(b) of Regulation (EU) 2017/1129.
The documentation relating to the Reserved Share Capital Increase transaction will be made available at the authorised storage mechanism “1info” (www.1info.it)and in the Extraordinary Transactions section of the website www.acrobaticagroup.com.
