TrenDevice, 57% of the capital increase subscribed

TrenDevice revenues rise to 96 million in the first half

(Tiper Stock Exchange) – TrenDevicea company listed on Euronext Growth Milan and active in the refurbishment of high-end hi-tech products, announced that the option offer has ended of a maximum of 4,930,750 newly issued ordinary shares, deriving from thecapital increase optionally. During the offer period, which began on 5 December 2022 and ended today, 19 December 2022, 7,873,950 option rights were exercised for the subscription of 2,812,125 shares, equal to 57.03% of the total shares offeredfor a counter value of 1,124,850 euros.

EGGfinancea company attributable toTO Alessandro Palmisano and al president Antonio Capaldosubscribed part of the portion of the capital increase pertaining to significant shareholders for an amount of 308,628 euros, equal to approximately 15.65% of the countervalue of the capital increase, by means of legal offsetting of financial credits claimed by EGG finance against by TrenDevice.

The remaining 5,932,150 option rights not exercised during the option period, which give the right to subscribe for a maximum of 2,118,625 shares, corresponding to 42.97% of the total shares offered, for a countervalue of 847,450 euros, will be offered on the stock exchange by TrenDevice, through the intermediary of MIT SIMin sessions of 21 and 22 December 2022, unless the offer is closed early in the event of full sale of the rights.

The rights will be offered on the Euronext Growth Milan market with ISIN code IT0005520769. Unexercised rights give the right to subscribe for shares at a price of 0.40 euro each, in the ratio of 5 shares for every 14 rights purchased.

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