(Finance) – Siava Benefit company active in the Enterprise Content Management sector, received the provision of admission to trading of its own ordinary shares and warrants called “SIAV 2022 – 2025 Warrants” on the market Euronext Growth Milan (EGM), the Piazza Affari segment dedicated to SMEs with high growth potential. The Venetian company has successfully concluded the placement of its ordinary shares with one collection total of 5 million euros, in the event of full exercise of the greenshoe option in the capital increase granted by Taco Holding to Integrae SIM. L’start of negotiations is set for August 4th 2022.
The price placement of ordinary shares is set at € 3 per share. There capitalization of the post-placement company, calculated on the basis of the offer price, is equal to 27 million euros (approximately 27.5 million in the event of full exercise of the greenshoe option), with a floating 16.66% (18.21% if the greenshoe option is fully exercised). The operation also envisaged the issue of a maximum of no. 1,670.00 warrants (conversion ratio equal to 1 ordinary share for every 4 warrants held with an increasing strike price).
Taco Holding (company attributable to the Voltan family) has 53.59% of the capital, the president Alfieri Voltan directly owns 2.63% and the CEO Nicola Voltan 4.12%. Another eight shareholders (family and non-family) have stakes between 1% and 4.12%.
The group has, as of December 31, 2021, over 4,000 active, direct and indirect customers, both private and linked to the public administration, to which an offer is provided divided into three segments: proprietary software for document management (Archiflow, Silloge and Catflow); proprietary software and vertical solutions related to document management (Checker, Revo, MyCreditService, SAP dashboards and solutions dedicated to the healthcare world); professional outsourcing services (dematerialization and B2B electronic invoicing).
As of December 31, 2021, he made a production value consolidated pro-forma amounting to approximately € 40.1 million, of which approximately 97% generated almost exclusively in Italy.
As part of the listing process on Euronext Growth Milan, Siav was assisted by: It integrates SIM (Euronext Growth Advisor, Global Coordinator and Specialist), Valsabbina Bank (Co-lead manager), Fineurop Soditic (Financial Advisor), Advant – NCTM (Legal and Tax Advisor), BDO Italia (Auditing Firm), Studio Carraro & Partners (Labor Consultant), Addviser Tax & Legal (Internal Legal Advisor and tax) and IR Top Consulting (Financial Communication Advisor).
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