(Finance) – Fiduciary rudderwhich brings together the shareholders adhering to the shareholders’ agreement Azimut Holding, announces that 1046 shareholders adhering to the Agreement have purchased no. 3,507,529 million ordinary shares of Azimut Holding, equal to 2.5% of the share capital net of treasury shares (2.4% of the total share capital). The last shares involved in the transaction were purchased at an average price of € 20.28 per share.
The total amount raised by the Management, Financial Advisors, managers and employees of the Group is 60 million, of which 50% from bank loans.
As a result of the operation – reads a note – the overall stake held by the Agreement in the capital of Azimut will reach 23.8% of the share capital net of treasury shares (23.2% of the total share capital).
The operation was assisted by a loan for a total of 30 million paid to Timone Fiduciaria and guaranteed by a pledge on the shares purchased by Timone Fiduciaria on behalf of the participants in the transaction. The loan has a duration of five years, without prejudice to any causes of early repayment as per market practice.
With this second transaction after the one concluded in 2018, the Azimut Holding Agreement is strengthened with a long-term commitment with the prospect of creating value for shareholders.
Intermonte assisted Timone Fiduciaria in the purchase of shares on the market.