Share Issue/Capital Change • Oct 22, 2021
Share Issue/Capital Change
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Milan, 22 October 2021 - AbitareIn S.p.A., leader in residential development in Milan, listed on the STAR Segment of the Italian Stock Exchange, announces to have concluded the accelerated bookbuilding procedure started yesterday Thursday, 21 October 2021, having accepted subscription proposals for amount equal to € 4.001.303 mln.
For the building of the book, the management has selected an important group of exclusively foreign investors, in line with its project of internationalization of the shareholding structure, giving priority to high standing, to the entry of new shareholders into the shareholding structure and giving preference to operators in the French market, which is very interesting for the Company.
The management of AbitareIn expresses great satisfaction for the achievement of objectives and thanks for the interest and willingness shown by all members to continue to invest in the growth of AbitareIn.
The subscription price has been set at € 6.720 per share, of which € 6.715 as a share premium, equal to the volume-weighted average price for the last month.
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on STAR segment of the MTA - Italian Equities Market (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro 129,676.90 fully paid in – Share premium reserve: Euro 36,989,386
The transaction, organised by TP ICAP Midcap, saw the placement of 595.432 new ordinary shares of Abitare In S.p.A. with the same characteristics as those in circulation, for a total value of € 4.001.303 in favor of some of the major foreign investors. The issue of the new shares will have a dilutive effect of 2,24 % on the Company's shareholders, with an increase in the free float from 58,59% to 59,52%.
The settlement of these new shares will take place on 27 October 2021.
In the context of the offer, the Company has undertaken a lock-up commitment of 90 days, in line with market practice for similar transactions.
TP ICAP Midcap acted as global coordinator and sole bookrunner of the accelerated bookbuilding, while Emintad Italy was financial advisor for the transaction.
As regards legal aspects, AbitareIn was assisted by LCA Studio Legale, with a team led by Lawyer Benedetto Lonato, and by Lawyer Marco Starace, of Studio Legale Starace.
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AbitareIn S.p.A. is a company that leads the residential development sector in the city of Milan founded by Luigi Gozzini and Marco Grillo. The Company only undertakes residential urban regeneration projects, offering an aspirational product tailored to the living needs of today's families. AbitareIn stands out for its extremely innovative business model that involves creating a completely customisable "home" product that benefits from the economies of scale typical of an industrialised model. AbitareIn's strength is the implementation of a marketing strategy that permits real estate units to be sold before construction work begins. The company has been listed on the AIM Italia market of Borsa Italiana since April 2016. From 1 March 2021 it has been listed on the STAR segment of the MTA - Italian Equities Market (ticker: ABT.MI).
Alphanumeric code of the shares: ABT ISIN: IT IT0005338493
Investor Relations Abitare In Eleonora Reni [email protected] Press Office Close to Media Luca Manzato – Mob. 335 84 84 706 [email protected] Sofia Crosta – Mob. 337 13 74 252 [email protected]
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on STAR segment of the MTA - Italian Equities Market (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro 129,676.90 fully paid in – Share premium reserve: Euro 36,989,386
Davide Di Battista – Mob. 334 60 33 756 [email protected]
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on STAR segment of the MTA - Italian Equities Market (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro 129,676.90 fully paid in – Share premium reserve: Euro 36,989,386
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