(Finance) – Sesaa company listed on Euronext STAR Milan and active in technological innovation and IT and digital services for businesses, has confirmed that the right of withdrawal (regarding the meeting resolution to increase the increased vote from 2x to 3x) was legitimately exercised for a total of 826,855 shares, representing 5.33641% of the capital, for a total liquidation value exceeding the threshold of 5 million euros envisaged as a termination condition of the resolution.
The shares subject to withdrawal are offered as an option to all shareholders of Sesa who have not exercised the right of withdrawal in proportion to the number of shares owned by the entitled parties at the close of the accounting day of 29 October 2024 (record date).
In particular, each share owned is attributed an option right, valid for the purchase of shares subject to withdrawal in relationship by: n. 1 share subject to withdrawal, every n. 17,665 option rights. The shares subject to withdrawal are offered as an option to price unit of 110.20 euros for each share subject to withdrawal, which corresponds to the liquidation value.
The membership period to the offer within which the entitled parties will be able to exercise their option rights, runs from 26 October 2024 to 28 November 2024 (inclusive). If any shares subject to withdrawal remain, the company will not proceed with placing the remaining shares on the market.
If the fulfillment of the termination condition is also confirmed following the outcome of the option offer of the withdrawing shares, the shareholders’ resolution will be considered definitively ineffectiveas well as all related declarations of withdrawal.