(Finance) – Theshareholders’ meeting Of Reway Group a group listed on Euronext Growth Milan and specialized in the maintenance and rehabilitation of road and motorway infrastructures, has resolved to grant the Board of Directors a mandate to increase the share capitalin a divisible and paid manner, in one or more tranches, for a period of 3 years starting from today and within the limits of 10% of the pre-existing share capital, with the exclusion of the right of option.
The delegation has the objective of ensuring that the Board of Directors necessary flexibility and timeliness in the execution of one or more increases in the share capital in order to seize the most favorable conditions for the conclusion and execution of agreements with any partners and/or investors who would contribute money and/or shareholdings and/or business branches and/or industrial activities for the pursuit of strategic objectives.
Furthermore, this delegation will allow the Board of Directors to proceed with the capital increase linked to thestrategic acquisition of Vega Engineeringa historic engineering company whose core business is the engineering design of road and railway infrastructures, civil and industrial works, RUP support services and contract management. The operation was announced last September 10th.
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