Solid World, two institutional investors enter the shareholding structure

Solid World two institutional investors enter the shareholding structure

(Tiper Stock Exchange) – Solid World Group communicate the expansion of the shareholder base and of the float with the entry of two primary institutional investorsspecialized in investments in Italian SMEs listed and listed on the Euronext Growth Milan market.

Entry into the shareholding took place subsequently of the purchase from the member Redfish 4 Listing, attributable to the director Paolo Pescetto, of 99,750 ordinary shares, equal to 1.21% of ordinary shares outstanding (0.86% of the share capital).

The shares purchased by the two institutional investors correspond respectively to 0.04% and 1.17% of the currently outstanding ordinary shares of SolidWorld Group.

The operation is which took place today in the off-market blocksat a price per share equal to 7 euroswhich incorporates a +36.1% premium compared to the weighted average of the last trading month (March 2023), for a total value of 698,250 euros.

The operation was completed in partial derogation from the lock-up commitment for 99,750 shareshired by Redfish 4 Listing for 24 months from the start date of negotiations on Euronext Growth Milan.

Following the operation, the floatingcalculated on the ordinary shares admitted to trading, goes from 30.15% to 31.36%.

tlb-finance