Landi Renzo, AuCap concluded: 82.8% of new shares subscribed

First Capital Value Track SIM is born Greco and Di

(Finance) – Landi Renzoa company listed on Euronext STAR Milan and active in the sector of methane, LNG, hydrogen and LPG automotive components and fuel systems, has announced that following the offer period and of theoffer of unexercised rights on the stock exchange7,916,804 newly issued shares were subscribed, equal to approximately 62.83% of the total newly issued shares resulting from the Capital Increase under Option.

On 13 December 2024, the Board of Directors envisaged, given the willingness expressed by the majority shareholder GBD green by definition SpA (GBD), to offer to GBD – under the same conditions and at the same price per share – 2,520,161 of the remaining 4,683,196 New Shares remaining unexercised following the Offer on the Stock Exchange.

GBD then signed up all 2,520,161 New Shares offered to it, for a value of 4,999,999.42 euros.

Therefore, they had completion of the Capital Increase operations under Optionfollowing which a total of 10,436,965 New Shares were subscribed, for a value of 20,706,938.56 euros, corresponding to 82.83% of the total New Shares resulting from the Capital Increase under Option.

(Photo: Carrie Allen www.carrieallen.com on Unsplash)

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