(Tiper Stock Exchange) – Trevia company specializing in special foundations and land consolidations, has announced that it is the period for exercising the option rights has ended purchased during the auction on Euronext Milan, following which 6,545,553 newly issued ordinary shares were subscribed for a total value of 2,074,940.30 euro.
Also taking into account the 58,069,578 newly issued Trevi shares already subscribed during the offer period, a total of 64,615,131 shares are therefore subscribed, equal to the 81.59% of the shares offered in the context of the capital increase option, for a total value of 20,482,996.53 euros.
In execution of the subscription commitments undertaken, i Institutional Members CDPE Investimenti and Polaris Capital Management will subscribe a total of 14,249,222 shares, in proportion to the interests respectively held in the capital, thus allowing the Capital Increase to be subscribed up to the inseparable threshold of 24,999,999.90 euros.
The company expects the subscription of the newly issued shares by the Institutional Shareholders to take place by 11 January 2023. The inseparable capital increase against payment is also expected to be subscribed on the same date, for an amount equal to 26,137,571.21 euro, reserved for subscription with release through voluntary offsetting of claims against the company to some of the financial creditors identified in the Recovery Agreement.