{"id":1516103,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"http:\/\/54.217.56.244\/investor-releases\/press-release-edac-announces-some-details-on-the-project-for-the-admission-to-trading-of-its-shares-on-aim-it-alternative-capital-market-approved-consolidated-data-as-at-31-march-2018-26-062018\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-edac-announces-some-details-on-the-project-for-the-admission-to-trading-of-its-shares-on-aim-it-alternative-capital-market-approved-consolidated-data-as-at-31-march-2018-26-062018","status":"publish","type":"investor-releases","link":"https:\/\/acrobaticagroup.com\/en\/investor-releases\/press-release-edac-announces-some-details-on-the-project-for-the-admission-to-trading-of-its-shares-on-aim-it-alternative-capital-market-approved-consolidated-data-as-at-31-march-2018-26-062018\/","title":{"rendered":"PRESS RELEASE – EDAC announces some details on the project for the admission to trading of its shares on AIM It Alternative Capital Market Approved consolidated data as at 31 March 2018 26.062018"},"content":{"rendered":"[vc_row][vc_column][vc_column_text]Genoa, 26 June 2018 Further to the press release of 13 February 2018, EdiliziAcrobatica S.p.A. (“EDAC” or
\nthe “Company”), a group founded in 1994 in Genoa by Riccardo Iovino, specialized in safety double rope
\nconstruction works, such as maintenance and renovation of residential, public, corporate and religious
\nbuildings, confirms that it has started the preparatory activities for the admission to trading of its ordinary
\nshares (the “Shares”) on AIM Italia\/Mercato Alternativo del Capitale, a multilateral trading system
\norganized and managed by Borsa Italiana S.p.A.. (“AIM Italia”) and announces some of the terms and
\nconditions provided for in the initial public offering process (the “Listing”).
\nSummary of the Listing Transaction In the context of the Listing Transaction, an offer of newly issued EDAC
\nordinary shares will be made for a maximum of Euro 10.000,000 to qualified Italian and foreign institutional
\ninvestors (excluding Australia, Canada, Japan and the United States of America, in accordance with the
\nprovisions of Regulation S adopted pursuant to the Securities Act of 1933) and for a maximum of Euro
\n3.000,000 to non-qualified investors exempt from the provisions on public offerings, it being understood
\nthat the total value of the offer may not in any case exceed Euro 10.000,000. It is also envisaged that the
\nEDAC shares subject to the offer will be combined with warrants free of charge (at a ratio of 1 warrant for
\nevery 3 subscribed Shares) and that an economic compensation mechanism will be implemented for new
\nshareholders through “Price Adjustment Shares” as a result of which, in the event of the Company’s failure
\nto achieve certain profitability targets, the number of Company shares held by the majority shareholder will
\nbe reduced (thus increasing the percentage of the Company’s share capital held by the other shareholders).
\nIt is also expected that the Company and the majority shareholder will enter lock-up commitments, in line
\nwith market practice for this type of transaction, for a period of 24 months from the date of
\ncommencement of trading. Finally, in the context of the listing transaction, a so-called green shoe option
\nwill be granted for shares deriving from a specific capital increase, as well as the approval of a stock option
\nplan for certain employees, consultants and members of the Board of Directors of the Company and the
\nGroup, identified among key personnel.
\nMotivation and strategic rationale with the proceeds raised from the listing, the Company intends to
\nsupport plans to grow and strengthen its competitive position in the national and international
\nrestructuring market.
\nThe strategic objectives identified by the Company include the following:
\n1- the consolidation of its presence on the Italian market, through the opening of new operating,
\ndirect and franchising offices and the development of divisions dedicated to certain key sectors (in
\nparticular corporate, public administration and religious structures);
\n2- geographical expansion, through M&A operations – in particular through acquisitions of leading
\nforeign companies active in the same sector – and the expansion of the client portfolio in new
\ncountries.
\n3- the consolidation of its brand image and brand awareness, through advertising campaigns and
\npromotional activities, as well as the strengthening of the presence of brands and distinctive signs;
\nand
\n4- the strengthening of the Group’s organisational structure through the inclusion of new managerial
\nfigures (mainly in the human resources, marketing and information technology areas) and the
\nimplementation of a new research and development department focused on the development of
\nnew materials and services.
\nOther conditions The total number of Shares offered, in addition to the other relevant conditions of the
\nlisting transaction, will be determined close to the start of the placement. EDAC is assisted in the listing
\nprocess by Banca Profilo (Nominated Adviser, Global Coordinator and Specialist), Emintad (financial
\nadvisor), Iccrea Banca Impresa (Co-lead manager), ADB (financial advisor), LCA Studio Legale (legal advisor
\nto the Issuer) and Deloitte (Independent Auditors). Pedersoli Studio Legale acts as legal advisor to Banca
\nProfilo and Iccrea Banca Impresa.
\nThe main economic data as at 31 March 2018 The consolidated economic data as at 31 March 2018
\nconfirm the significant growth trend recorded by the Company and the Group in recent years, which was
\nalso achieved thanks to the Company’s ability to penetrate the market – through the opening of direct and
\nfranchised operating offices, which increased from 35 as at 31 March 2017 to 56 as at 31 March 2018 – and
\ninvestments in staff training and business culture. In particular, as at 31 March 2018, the Group recorded
\nrevenues of Euro 4.8 million (+39.2% compared to Euro 3.4 million as at 31 March 2017) and EBITDA
\namounted to approximately Euro 0.8 million, a great increase (+100.6%) compared to approximately Euro
\n0.4 million as at 31 March 2017. Net financial indebtedness as at 31 March 2018 amounted to Euro 4.3
\nmillion, of which Euro 5 million deriving from bonds issued by the Company on 29 September 2017 and
\nexpiring on 29 September 2023, listed on the professional segment ExtraMOT PRO managed by Borsa
\nItaliana S.p.A.
\nEdiliziAcrobatica S.p.A. EdiliziAcrobatica is a group specialized in double safety rope construction works for
\nresidential buildings, Public Administration works, corporate buildings and offices (corporate sector),
\nreligious structures and others. The group provides a wide range of services, such as: renovation,
\nmaintenance, installations, safety and emergency intervention, cleaning, waterproofing and roofing. The
\ngroup has four investee companies and as of March 31, 2018 has 56 operating offices throughout Italy,
\nwhich allow a deep geographical penetration, covering an area from Valtellina to Sicily.[\/vc_column_text][vc_empty_space height=”22px”][vc_column_text]2- PRESS RELEASE – EDAC announces some details on the project for the admission to trading of its shares on AIM It Alternative Capital Market Approved consolidated data as at 31 March 2018 26.062018<\/a>[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text]Nominated Adviser (Nomad)
\nBanca Profilo S.p.A.
\nT +39 02 584081
\nF +39 02 5831 6057
\nAlessio Muretti
\nalessio.muretti@bancaprofilo.it
\nwww.bancaprofilo.it[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]Emittente EdiliziAcrobatica S.p.A.
\nVia Turati 29 \u2013 20121, Milano
\nT +39 010 3106912 F +39 010-3106440
\nPress Office – Deborah Dirani
\nufficiostampa@ediliziacrobatica.com
\nMob: +39 393 8911364
\nwww.ediliziacrobatica.com[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]\n","protected":false},"featured_media":0,"template":"","categorie_comunicati_stampa":[],"class_list":["post-1516103","investor-releases","type-investor-releases","status-publish"],"acf":[],"_links":{"self":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases\/1516103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/investor-releases"}],"about":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/types\/investor-releases"}],"wp:attachment":[{"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/media?parent=1516103"}],"wp:term":[{"taxonomy":"categorie_comunicati_stampa","embeddable":true,"href":"https:\/\/acrobaticagroup.com\/en\/wp-json\/wp\/v2\/categorie_comunicati_stampa?post=1516103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}