(Tiper Stock Exchange) – Reward Financea credit brokerage company specializing in salary-backed loans, today acquired 20.44% of the share capital of Prestito Più from the shareholder Agostino Costa Marras, coming to hold 51% of the share capital.
The total consideration for the purchase of the share is equal to Euro 324,992.00, paid as follows: Euro 90,000.00 through the use of available funds, of which Euro 45,000.00 paid on 3 November 2022 and the remaining Euro 50,000.00 today; Euro 234,992.00 through the issue of no. 61,840 new ordinary shares of Premia Finance at a unit value of Euro 3.80, deriving from a specific dedicated capital increase approved by the Company, subscribed by the Seller through the contribution of 14.78% of Prestito Più.
Premia Finance also informs that the Extraordinary Shareholders’ Meeting has resolved a capital increase reserved for the Seller, with an agreed valuation of Euro 3.80 (of which Euro 3.675 as share premium) per share – i.e. the average between the official price of the Company’s shares fixed on the Euronext Growth Milan multilateral trading market on the date of 2 November 2022 and the value of the shares resulting from the latest independent market research available on that date, issued by Banca Finnat on 14
October 2022 – for a total value of Euro 234,992.00 (of which Euro 7,730.00 as share capital and Euro 227,262.00 as share premium), corresponding to the issue of no. 61,840 Premia Finance ordinary shares.
Upon completion of the increase, the share capital will increase overall from a nominal Euro 472,625.00 to a nominal Euro 480,355.00 corresponding to no. 3,842,840 ordinary shares.
Premia Finance also announces that today the ordinary shareholders’ meeting authorized the purchase and disposal of treasury shares.