(Telestock) – ICOPa subsoil engineering company listed on Euronext Growth Milan and one of the main European operators in the microtunneling and special foundations sector, has announced that Alantraas the entity responsible for carrying out the stabilization activity, has partially exercised the greenshoe option for 482,500 ordinary shares compared to the maximum 500,000 shares subject to the greenshoe option (in capital increase).
The purchase price was equal to 5.92 euros per ordinary share – corresponding to the offer price established in the context of the placement – for a total value of 2,856,400 euros.
Following the partial exercise of the greenshoe option, the offer involved a total of 5,050,250 ordinary shares of ICOP for a total total value equal to 29,897,480 euros and the floating is equal to 18.28%.