(Finance) – Land holdingthe control shareholder, made the decision to promote a public purchase offer (Opa) totalitarian volunteer on Gibusa company active in the high -end outdoor design sector and listed on Euronext Growth Milan, aimed at delisting by Piazza Affari.
Opa has as its object the 18.55% of the capital social, or the totality deduced 79.95% of ownership of the offerer, 1.48% of their own shares and 0.018% of the people who act in concert.
The bidder will recognize, if it occurs (or is renounced) the threshold condition, a consideration equal to 10 euros for each action brought to membership. The consideration incorporates: a premium equal to 14.6% compared to the official price on January 24, 2025 and a prize equal to 17.1%, 24.2%, 22.9% and 12.8% compared to the arithmetic average Weighted official prices recorded in the previous one, three, six and twelve months. The consideration is intended to divide.
Land holding is owned by Gianfranco Bellin (President of the Board of Directors and CEO), Lucia Danieli (CEO), Alessio Bellin (CEO) and Maria-Razolia Bellin.
Through the opa, the bidder intends to support the growth and development process, also in order to further strengthen its competitive positioning, enhancing its business in the medium-long term, reads a note. Gibus operates in an increasingly competitive and rapidly evolving market. Market development offers significant opportunities but also presents growing challenges that require investments in new solutions and development of skills integrated to cope with customers’ requests. The bidder believes that the achievement of the growth objectives can be better achieved by non-life. This would allow to achieve greater management and organizational flexibility, and a reduction of its management charges and, therefore, to concentrate its resources on the development of its operational activities.
If the bidder came to hold one Participation of less than 90% of the share capital, and renounce the threshold condition, will consider the opportunity to pursue Delisting with different ways (further purchases on the market, calling an assembly of members to deliberate regarding delisting).
Gibus was listed on the former Aim Italia (today EGM) on 20 June 2019 with a Placement price of 6 euros per share (collection of 5 million euros and capitalization of 30 million euros). Today the company capitalizes 43 million euros, but it is very far from 17-18 euros per share touched in 2021 and 2022, when Ecobonus and discount on the invoice we had put the wings of the company’s budgets.
(Photo: Frangment)