Palingeo, greenshoe option partially exercised

Giglio Group Caterina Matteoli has a 64 stake

(Finance) – Palingeuma company listed on Euronext Growth Milan and specialized in the geotechnical, land consolidation and geognostics sectors, has announced that Integrae SIM partially exercised the greenshoe option in capital increase, granted by the company during the placement of its ordinary shares, for a total of 124,200 ordinary shares.
The reference price of the shares subject to the greenshoe option is equal to 5.00 euros per share, corresponding to the price established as part of the placement of Palingeo’s ordinary shares, for a countervalue total equal to 621,000 euros.

The admission to listing took place following placement of 1,604,400 ordinary shares for an equivalent value, also including the ordinary shares deriving from the greenshoe option, of approximately 8,022,000 million euros, of which: 1,480,200 newly issued ordinary shares deriving from the capital increase to service the ‘IPO; 124,200 newly issued ordinary shares resulting from the partial exercise of the greenshoe option to increase capital.

Following the partial exercise of the greenshoe option, the floating is equal to 30.15% of the ordinary shares and the share capital of Palingeo is represented by 5,321,900 ordinary shares, without par value, and by 1,282,500 multiple voting shares