(Finance) – Emma Villasa leading company in Italy in the vacation rental sector (short-term rentals of villas and luxury estates), will debut on Euronext Growth Milan, Friday 29 September 2023after having received the provision from Borsa Italiana to admit its ordinary shares to trading on the Piazza Affari market dedicated to SMEs with high growth potential.
The admission took place following the successful conclusion of the placement of a total of 1,060,00 ordinary shares (including the greenshoe option), for a total value of Euro 3,498,00.00.
The placement price is equal to Euro 3.30 per share. The Ordinary Shares are assigned the ISIN code IT0005562183 and Ticker EAV.
Giammarco Bisogno, President and CEO of Emma Villas Groupsaid: “Over the years, we have demonstrated constant growth, even in economically complex timesfocusing on the beauty of our country and the unique attractiveness of our offer characterized by the quality of hospitality and facilities. This listing represents an important stage in the strengthening of our expansion path towards new markets and is the result of great trust on the part of investors in our project and in our business model, based on the loyalty of international customers,
exclusives with the owners, a solid network of international partners and a cohesive and capable team. We are very determined and convinced that the opening of our capital to the market is a stage of further entrepreneurial impetus towards new challenges”.
The placement, aimed mainly at primary institutional investors, Italian and foreign, and professional investors, involved 969,500 newly issued shares, in addition to n. 90,500 shares resulting from the exercise of the over-allotment option granted by the shareholder Giammarco Bisogno to Integrae SIM, in his capacity as Global Coordinator.
The placement of the ordinary shares is aimed at consolidating and developing the Company’s growth process, both internally and externally, according to two macro strategic areas: acquisition of new properties and new guests.
Following the placement, the share capital of Emma Villas amounts to Euro 69,695.00 and is made up of n. 6,969,500 ordinary shares with no par value. The expected post-placement capitalization of the Company, calculated on the basis of the offer price, is approximately Euro 23,000,000.00, with a free float equal to 13.91% (15.21% assuming the full exercise of the greenshoe option ).