(Finance) – The Board of Directors of Soges Groupa company listed on Euronext Growth Milan and active in the hotel and conference hospitality sector within prestigious facilities, has approved the terms and conditions of the capital increase for a fee to be offered as an option to the company’s shareholders.
In particular, it resolved to issue up to a maximum of 1,275,958 new ordinary shares of Soges Group, to be paid in cash at the unit price for each new ordinary share of 2.25 euros, of which 0.15 to be attributed to share capital and for the remaining part equal to 2.10 as a surcharge, for one total equivalent value equal to a maximum of 2,870,905.50 eurosincluding surcharge. Option ratio set at 1 new ordinary share for every 4 Soges Group shares owned.
The option rights must be exercised, under penalty of forfeiture, in offer period between 27 January 2025 and 13 February 2025, inclusive. The same option rights will be tradable on Euronext Growth Milan (EGM) from 27 January 2025 to 7 February 2025, inclusive.
THE’majority shareholder Gala Holdingwhich holds a stake equal to 77.88% of the capital, after having undertaken on 28 November 2024 the commitment towards the company to subscribe to a part of the capital increase to which it is entitled equal to a total of 1.5 million euros , on 19 December 2024 paid this amount to Soges Group as a payment towards a future capital increase. The company is currently not aware of any further subscription commitments undertaken (by shareholders and/or third parties).
With reference to the capital increase operation, nothing is foreseen guarantee and/or placement consortium.