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Cover 50 — Investor Relations & Filings

Ticker · COV ISIN · IT0005105868 LEI · 8156008CA0FBB2B15419 XMIL Financial and insurance activities
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Filings indexed 199 across all filing types
Latest filing 2023-08-09 M&A Activity
Country IT Italy
Listing XMIL COV

About Cover 50

https://www.cover50.it/

Based on the provided homepage for PT Torino, the entity is a fashion brand that designs and sells a collection of garments. Its product offerings include jeans, trousers, t-shirts, and dresses. The company markets its seasonal collections, such as the Spring/Summer line, and sells its products through an official online shop.

Recent filings

Filing Released Lang Actions
LE AZIONI DI COVER 50 S.P.A. SONO REVOCATE DALLE NEGOZIAZIONI SULL’EURONEXT GROWTH MILAN DAL 9 AGOSTO 2023
M&A Activity Classification · 98% confidence The document is a press release ('COMUNICATO STAMPA') detailing the completion of a mandatory tender offer ('OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA TOTALITARIA') by Fine Mito S.r.l. for Cover 50 S.p.A. The key event announced is the commencement of the buy-back procedure and the subsequent revocation of shares from trading ('REVOCATE DALLE NEGOZIAZIONI'). This action relates directly to a takeover/merger activity (Tender Offer) and the resulting capital structure change (delisting/buyout). Since the core subject is the mandatory acquisition/takeover process, the most fitting category is M&A Activity (TAR). While it results in a delisting (DLST), the primary driver and focus of the announcement is the transaction itself, which falls under TAR (Merger/Takeover Activity).
2023-08-09 Italian
Internal Dealing
Director's Dealing Classification · 100% confidence The document is a formal notification in Italian regarding transactions made by a relevant person or their closely associated person. Key fields include 'Oggetto' (Subject) being 'Internal Dealing', and the detailed template structure titled 'MODELLO DI NOTIFICA E DI COMUNICAZIONE AL PUBBLICO DELLE OPERAZIONI EFFETTUATE DA SOGGETTI RILEVANTI O DALLE RELATIVE PERSONE STRETTAMENTE ASSOCIATE' (Notification Model and Public Communication of Transactions Carried Out by Relevant Persons or Their Closely Associated Persons). This directly corresponds to the reporting of insider trades or director's dealings. The definition for 'Director's Dealing' (DIRS) is 'Report of personal share transactions by company directors and executives (insider trades)'. Although the document is in Italian, the content clearly matches this category.
2023-08-04 Italian
Risultati definitivi dell'Offerta. Revoca delle negoziazioni dalla seduta del 9 agosto 2023
M&A Activity Classification · 98% confidence The document is an official communication titled 'RISULTATI DEFINITIVI DELL'OFFERTA' (Definitive Results of the Offer) concerning an 'OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA TOTALITARIA' (Mandatory Tender Offer) for the shares of COVER 50 S.P.A. It details the final acceptance rates, the resulting shareholding percentage (reaching 90.398%), the payment date, and confirms the subsequent mandatory buy-in (Diritto di Acquisto/Obbligo di Acquisto) and the delisting scheduled for August 9, 2023. This type of announcement, detailing the outcome of a tender offer and subsequent capital structure changes/delisting procedures, falls under the category of corporate actions related to capital structure or significant transactions. Since the core subject is the final result of a takeover/acquisition process leading to a potential delisting, the most fitting category is 'M&A Activity' (TAR), as tender offers are a primary component of M&A transactions. Although it mentions delisting (DLST), the primary focus is the successful completion of the takeover bid that triggered the delisting. It is not a general regulatory filing (RNS) because it is highly specific to a tender offer outcome.
2023-08-01 Italian
RISULTATI PROVVISORI DELL’OFFERTA FINE MITO S.R.L. AL 90,398% DEL CAPITALE SOCIALE DI COVER 50 S.P.A.
M&A Activity Classification · 98% confidence The document is an official communication titled 'RISULTATI PROVVISORI DELL'OFFERTA' (Provisional Results of the Offer) concerning a mandatory takeover bid ('OFFERTA PUBBLICA DI ACQUISTO OBBLIGATORIA TOTALITARIA') promoted by Fine Mito S.r.l. over COVER 50 S.p.A. It details the provisional acceptance rate (90.398% ownership achieved) and discusses the legal implications for the remaining shares, specifically mentioning the exercise of the Right of Purchase (Diritto di Acquisto) under Article 111 of the TUF and the mandatory purchase obligation (Obbligo di Acquisto) under Article 108, comma 2, of the TUF, which often leads to delisting. This type of announcement, detailing the outcome of a tender offer and subsequent mandatory/squeeze-out procedures, falls under corporate actions related to capital structure changes or takeovers. Given the specific definitions: - 'CAP' (Capital/Financing Update) is too broad. - 'SHA' (Share Issue/Capital Change) is related but less specific than a takeover. - 'TAR' (M&A Activity) is the most appropriate category as it directly relates to a takeover bid ('offerta pubblica di acquisto'). The document is a substantive report on the results of the M&A activity, not just an announcement that a report is forthcoming (ruling 2 does not apply as this is the result announcement itself). Therefore, M&A Activity (TAR) is the best fit.
2023-07-28 Italian
Comunicato ex art. 41 comma 2 lett. c) RE
M&A Activity Classification · 95% confidence The document is an official communication ('Comunicato stampa') issued under Italian regulation (art. 41, comma 2, lettera c), del Regolamento adottato dalla Consob) concerning an ongoing mandatory tender offer ('offerta pubblica di acquisto obbligatoria totalitaria') for the shares of Cover 50 S.p.A. The core content details the Offeror's (Fine Mito S.r.l.) purchase of additional shares (192,900 shares, 4.38%) on the date of the announcement (July 28, 2023) and updates the total holding (83.14%). This type of disclosure, relating to transactions during a tender offer period, specifically concerns changes in share ownership thresholds or transactions related to a takeover bid. While it involves share transactions, the context is explicitly tied to the ongoing takeover/tender offer process. The closest fit among the provided definitions is 'M&A Activity' (TAR), as tender offers are a form of takeover activity. It is not a general Director's Dealing (DIRS) as it relates to the offeror's activity during the bid, nor is it a general Share Issue/Capital Change (SHA) or Transaction in Own Shares (POS) as it is driven by the mandatory offer terms. Given the focus on the 'offerta pubblica di acquisto', TAR is the most appropriate classification.
2023-07-28 Italian
Internal Dealing
Director's Dealing Classification · 100% confidence The document is a formal notification in Italian regarding transactions made by a relevant person or their closely associated person. The 'Oggetto' (Subject) explicitly states 'Internal Dealing'. Section 2(a) confirms this by referencing the 'PERSONA STRETTAMENTE ASSOCIATA A WALTER RICCIOTTI (PRESIDENTE DEL CONSIGLIO DI AMMINISTRAZIONE DELL'EMITTENTE)' (Closely associated person to the Chairman of the Board of Directors). This type of filing, reporting insider transactions by directors/executives, directly corresponds to the 'Director's Dealing' category. Filing Type Code: DIRS.
2023-07-28 Italian

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