(Finance) – The Board of Directors of doValuea company listed on Euronext Milan and active in the management and recovery of impaired loans, has communicated and established the definitive terms and conditions of theCapital Increase from a maximum of 150 million euros. In particular, the Board of Directors has determined: 0.88 euros for each New Action the price at which the doValue shares resulting from the Capital Increase will be offered, and has consequently resolved to issue a maximum no. 170,140,355 New Shares, to be offered as an option to those entitled in the ratio of no. 35 New Shares every n. 4 Option Rights held.
The subscription price of the New Actions incorporates one discount equal to 25.78% compared to the Theoretical Ex Right Price (TERP) of doValue shares, calculated according to current methodologies, based on the closing stock market price of doValue shares on 21 November 2024 (the “TERP”). The overall value of the Offer will therefore be equal to a maximum of 149,723,512.40 euros.
doValue has signed the guarantee contract relating to the Capital Increase. In particular, Mediobanca, UniCreditBanca Akros – Group BPM desk And Intesa Sanpaoloas joint global coordinators, have undertaken, separately from each other and without any obligation of solidarity, according to the terms and conditions set out therein, to subscribe, in proportion to the respective commitments undertaken pursuant to the Underwriting Agreement, the New Shares possibly left unopted at the end of the offer on the stock exchange up to the total amount of 67,367,792.80 euros, equal to the difference between the overall value of the Offer and the share in question of the subscription commitment of Fortress, Bain, Elliott shareholders and some Gardant managers.