(Finance) – Bifire, a company founded in 2002 by Alberto Abbo and Alfredo Varini specialized in the production of products for thermal insulation and fire protection in construction and industry, today received from Italian Stock Exchange the notice of admission to trading of ordinary shares on Euronext Growth Milan, multilateral trading system organized and managed by Borsa Italiana, after having successfully concluded the placement of own ordinary shares for an equivalent value of approximately 10 million euroof which almost 9 million in capital increase and about 1 million in sale.
There significant questionmade up entirely of Italian and foreign institutional and professional investors, was made possible thanks to the Bifire roadshow, organized by Alantra as Global Coordinator, during which the financial community was able to appreciate the uniqueness of the Company, the credibility of the Management and the company’s future development plan.
Alberto Abbo, CEO and Co-founder of Bifirecommented: “We are very proud to have reached this important milestone and we remain firmly convinced that we want to continue growing as in recent years. A special thanks goes to all those who believed in our project, from the first day, our employees and collaborators, the customers, who are our strength and who stimulate us every day to improve, the advisors who have accompanied us along the path. and finally the investors who have chosen to support our growth “.
Alfredo Varini Co-founder of Bifire, Technical Sales and R&D Directorhe added: “Innovation and respect for the environment are the peculiar values that have always guided us and we are sure they will also be shared by our investors. The proceeds from the listing will be used to continue the development and realization of new and important objectives as well as accelerate and enhance the growth of Bifire ”.
The Bid Price was set in 3.67 euros per share for a total placement value of € 10,000,750 represented by 2,450,000 newly issued ordinary shares, as well as 275,000 ordinary shares put up for sale by the shareholder Alfredo Varini.
As a result of the placement, the Company’s share capital amounts to 872,500 and will consist of 17,450,000 ordinary shares. The post-placement capitalization of the Company, calculated on the basis of the offer price, is equal to € 64,041,500, with a free float of 15.62%.
The start of negotiations is scheduled for May 31, 2022 with alphabetical abbreviation: FIRE, Alphanumeric Code: 931515, ISIN Code: IT0005495335, Ordinary shares: 17,450,000.
As part of the procedure for admission to trading on EGM, Bifire is assisted by Alantra Capital Markets Sociedad de Valores SAU – Succursale Italiana as Euronext Growth Advisor and Global Coordinator; Emintad Italy, as Financial Advisor; ADVANT Nctm as deal legal counsel; BDO Italia as auditor; EL Management – Studio Gianluigi Grossi Tax Advisor; Studio Pinotti Social Security Advisor; A2B Group as advisor for non-accounting and market data; CDR Communication as consultant to the Company on Investor and Media Relation matters.
(Photo: © Edoardo Nicolino | 123RF)