(Tiper Stock Exchange) – Arras Groupa technological real estate development company for second homes, is ready to land on Piazza Affari with a capitalization of approximately 5.37 million euros, after having harvest 1.91 million euros (of which 560 thousand euros as a capital increase, 1.25 million euros deriving from the conversion of the payment into the future capital increase account made by Jean-Christophe Babin and 100 thousand euros deriving from the offsetting of the receivable claimed by the advisor Emintad Italy to the company, for part of the fee due). The price placement is equal to 1 euro per share, at the lower limit of the range previously identified (1-1.40 euro per share).
The company will debut on August 4th Euronext Growth Milan – Professional Segment, the segment of the SME market dedicated to professional investors. Integrae SIM is the Euronext Growth Advisor.
The society was born in 2020 on the initiative of Enrico Arras, who has been working in the real estate sector for over 10 years. Structured like one operational holdingArras Group develops each initiative with an ad hoc real estate vehicle 100% controlled by the same, maintaining all the central services such as feasibility studies, design and marketing under the Arras Group with the aim of becoming the point of reference for those who want buy an exclusive property.
The floating it stands at 12.28% (calculated on the number of ordinary shares admitted to trading). There are also 1,484,169 multiple voting shares (3 votes for each share), not admitted to trading, owned by Enrico Arras, convertible into ordinary shares in the ratio of 1 ordinary share for every 1 multiple voting share.
L’post-listing shareholding sees Enrico Arras holding 64.45% of the ordinary shares, 80.56% of the voting rights and 72.15% of the total shares; Jean-Christophe Babin to 23.26% of ordinary shares, 12.72% of voting rights and 18.23% of total shares.
The board of directors, which will remain in office until the approval of the financial statements for the year ended 31 December 2025, is made up of 4 members: Enrico Arras (Chairman and Chief Executive Officer); Flavio Rebellato (Councillor); Jean-Christophe Babin (Councillor); Mario Mazzoleni (Independent Director).