(Finance) – The Board of Directors of RedFish LongTerm Capital (RFLTC), an industrial holding company listed on Euronext Growth Milan, has aThe 2024-2027 Development Plan was approved.
Building on a solid track record that has seen RFLTC increase the value of its assets by 122% between 2020 and 30 June 2024, the company’s primary objective over the next 3 years is to significantly increase the consolidated net worthaiming to achieve 90 million euros by 2027compared to the 41 million euros recorded as of 30 June 2024. This result will be possible thanks to a series of strategic initiatives aimed at strengthening the corporate structure, attracting new investors and consolidating the presence in the Italian and European markets.
“The listing on the stock exchange in June 2023 allowed us to gain visibility among investors, consequently reflecting on our investees, and to acquire important financial resources to achieve our mission – he commented Andrea Rossotti, CEO and founder – The 2024-2027 Development Plan is in line with the path that led us to the IPO and exactly reflects our approach based on targeted investments, the result of constant monitoring of the market with in-depth analysis of niche entrepreneurial realities, which often risk being underestimated despite their high potential”.
In the three-year period 2025-2027, RFLTC aims to raise, annually, also through an equity/debt mix, 10 million eurosfor which there are currently no commitments, to be allocated to support strategic investments in niche sectors with high potential, selected for their ability to offer a competitive advantage.
These resources will be used to promote the expansion of portfolio companieswith a focus on: i) industrial automation, a fundamental sector for promoting technological innovation and production efficiency; ii) the creation of an industrial platform for companies operating in the production of fluid management systems; and iii) high-end companies in the Made in Italy design sector, in which Italy boasts recognized excellence. Furthermore, the objective is to support investments also in the aerospace sector, a strategic area for advanced technology and safety, in innovative solutions for packaging and in the Ho.Re.Ca services sector.
In detail, RFLTC intends to strengthen its shareholder base by involving family offices and institutional investors through co-investment methods. The group also plans to increase the number of investments, going from the current 9 to 20 holdings by 2027.
“To achieve our objectives – he continues Paolo Pescetto, president and founder – we have focused on a series of initiatives aimed at increasing our net worth, especially by making our business attractive to institutional investors. We then aim to increase acquisitions, also looking prospectively at already listed companies that could be better valued. Our objective remains that of positioning ourselves as consultants, supporters and also partners on which to count for the most promising mid and small caps of Made in Italy”.
The company is working to ensure regular remuneration to shareholders through definition of a dividend distribution policyalso possibly in the form of dividends in kind, equal to at least 5% of the distributable reserves. The Company’s objective is to make these policies effective starting from the 2024 financial year, and it could be worth 0.3-1.0 million euros per year.