(Finance) – The Sicilian group Misitanian & Stracuzzi has started the process for the listed on Euronext Growth Milan (EGM), the Borsa Italiana market dedicated to SMEs with high growth potential. Admission is scheduled for July 19, 2024, with the debut on Piazza Affari in the following days. The listing is managed by Intermonte SIMwho holds the role of Euronext Growth Advisor (EGA), Specialist and Global Coordinator.
Misitano & Stracuzzi is one of the main Italian business to business (B2B) operators active at an international level in the creation, production and marketing of citrus essences mainly of natural origin and to a lesser extent in the production of citrus juices. The group’s consolidated sales revenues for the financial year ended 31 December 2023 amount to approximately 59 million euros, of which 5.8% generated in Italy, 31.3% generated in Europe and 62.9% in non-EU countries.
L’price range indicative price within which the final price for the shares will be identified will be defined at the Board of Directors meeting scheduled for 11 July 2024. There will be shares convertible into ordinary shares (Price Adjustment Shares – PAS), not subject to admission to trading, owned by Stracuzzi Holding, convertible into ordinary shares in proportion to the achievement of a profitability target for the 2024 financial year.
The components of the Board of Directors at the start date of trading will be: Antonio Stracuzzi (Chairman and Chief Executive Officer), Diego Stracuzzi (Chief Executive Officer), Emanuela Stracuzzi (Chief Executive Officer), Carlo Munafò (Independent Director) and an additional Independent Director.
L’shareholding before admission it is 100% owned by Stracuzzi Holding (attributable to Antonio Stracuzzi, Emanuela Stracuzzi and Diego Stracuzzi in equal measure).