Civitanavi Systems — Capital/Financing Update 2022

Mar 16, 2022

Informazione Regolamentata n. 2464-12-2022		Data/Ora Ricezione 16 Marzo 2022 19:16:49	Euronext Milan
Societa'	: CIVITANAVI SYSTEMS
Identificativo Informazione Regolamentata	:	158607
Nome utilizzatore	:	CIVITANAVIN01 - Galletti
Tipologia	:	REGEM
Data/Ora Ricezione	:	16 Marzo 2022 19:16:49
Data/Ora Inizio Diffusione presunta	:	16 Marzo 2022 20:00:08
Oggetto	:	Esercizio dell'opzione greenshoe
Testo del comunicato

Vedi allegato.

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

COMUNICATO STAMPA

CIVITANAVI SYSTEMS S.P.A.: ESERCIZIO DELL'OPZIONE GREENSHOE

Pedaso (FM), 16 Marzo 2022 - Civitanavi Systems S.p.A. ("Civitanavi" la "Società"), sulla base delle informazioni diffuse da Intermonte SIM S.p.A. ("Intermonte"), quale soggetto incaricato dell'attività di stabilizzazione per conto dei joint global coordinators nell'ambito dell'offerta pubblica iniziale della Società (l' "Offerta"), rende noto che è stata parzialmente esercitata per un ammontare di 674,500 Azioni, l'Opzione Greenshoe – concessa dall'Azionista Venditore Civitanavi Systems Ltd - per un massimo di 776,000 Azioni della Società. Con l'esercizio dell'Opzione Greenshoe termina il periodo di stabilizzazione con effetto immediato.

Il prezzo di acquisto delle Azioni oggetto dell'Opzione Greenshoe è di Euro 4,00 per Azione, corrispondente ai ricavi lordi dell'Opzione Greenshoe di Euro 2.7 per l'Azionista Venditore. Il regolamento dell'Opzione Greenshoe avrà luogo il 18 marzo 2022.

L'Offerta, incluse le Azioni oggetto dell'Opzione Greenshoe, ammonta a un totale di 8,434,500 Azioni, corrispondente a circa il 27% del capitale sociale della Società.

Nell'ambito dell'offerta Berenberg e Intermonte hanno agito in qualità di Joint Global Coordinators e Joint Bookrunners. Intermonte ha agito anche in qualità di Sponsor ai fini dell'ammissione a quotazione delle Azioni. Emintad Italy supporta la Società in qualità di Advisor Finanziario.

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Civitanavi Systems, nata come start-up nel 2012, è uno dei principali player nella progettazione, sviluppo e produzione di sistemi di navigazione e stabilizzazione inerziali utilizzati nei settori aerospazio e difesa in ambito spaziale, terrestre, aereonautico, navale e industriale, negli ambiti minerario e oil & gas. La Società fornisce verticalmente sistemi ad alta accuratezza, progettati e realizzati con metodi, tecniche e algoritmi basati su tecnologia FOG (Fiber Optic Gyroscope) e MEMS (Micro Electro Mechanical Systems), anche integrati a dispositivi per la navigazione satellitare. Oggi svolge le proprie attività a Pedaso (FM) e in due ulteriori sedi, ad Ardea (RM) e a Casoria (NA), contando su un organico di 123 dipendenti operanti in tutta Italia.

Investor Relations Letizia Galletti Tel. +39 3665787548 investorrelations@civitanavi.com Media Relation Image Building Via Privata Maria Teresa, 11 20123 – Milano Tel. +39 02 89011300 civitanavi@imagebuilding.it

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DISCLAIMER

This document is an announcement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (the "Prospectus Regulation"), and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities of Civitanavi Systems S.p.A. (the "Company"). A prospectus prepared pursuant to the Prospectus Regulation, Commission Delegated Regulation (EU) 2019/980, the Commission Delegated Regulation (EU) 2019/979 (the "Delegated Regulations"), Legislative Decree no. 58/1998 of 24 February 1998, as subsequently amended (the "Consolidated Financial Law") and Regulation adopted by CONSOB with Resolution no. 11971 of 14 May 1999, as subsequently amended (the "Issuers' Regulation"), is expected to be approved by CONSOB and be made available in accordance with the requirements of the Prospectus Regulation, the Delegated Regulations, the Consolidated Financial Law and the Issuers' Regulation. Any offer of securities that may be deemed to be made pursuant to this communication in any EU Member State is addressed solely to qualified investors (within the meaning of Article 2(1)(e) of the Prospectus Regulation) in that Member State.

This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of this announcement and other information in connection with the offer in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.

The communication is directed only at persons (a) in member states of the European Economic Area ("EEA") who are "qualified investors" ("Qualified Investors") within the meaning of the Prospectus Regulation, or (b) in the United Kingdom who (i) are "qualified investors" within the meaning of Article 2 of the Prospectus Regulation as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the

"EUWA") (the "UK Prospectus Regulation"); and (ii) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") (iii) fall within Article 49(2)(a) to (d) ("High Net Worth Companies, Unincorporated Associations, etc")of the Order (iv) to whom it may otherwise lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons referred to in (b) being "Relevant Persons"). The Information must not be acted on or relied on (i) in the United Kingdom, by persons who are not Relevant Persons, and (ii) in any member state of the European Economic Area, by persons who are not Qualified Investors. Any investment or investment activity to which the Information relates is available only to or will be engaged in only with, (i) Relevant Persons in the United Kingdom, and (ii) Qualified Investors in any member state of the European Economic Area. Any investment activity to which this communication relates will only be available to and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

Neither this announcement, nor any copy of it may be taken, transmitted or distributed, directly or indirectly, into Australia, Canada, Japan, or to any persons in any of those jurisdictions or any other jurisdictions where to do so would constitute a violation of the laws of such jurisdiction. The securities referred to herein have not been and will not be qualified under the applicable securities laws of Australia, Canada, Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or to any resident or citizen of Australia, Canada, Japan.

This announcement does not constitute an offer for sale of, or a solicitation of an offer to purchase or subscribe for, any securities in the United States. No securities of the Company have been registered under the U.S. Securities Act of 1933, as amended, and the Company does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. There will be no public offering of the securities in the United States or elsewhere.

This announcement does not constitute a recommendation concerning the offer or the shares of the Company (the "Offering"). The price and value of securities can go down as well as up. Past performance is not a guide to future performance. Information in this announcement or any of the documents relating to the Offering cannot be relied upon as a guide to future performance. Potential investors should consult, to the extent they deem necessary, a professional investment, business, tax, and/or legal advisor as to the suitability of the Offer for the person concerned.

Any purchase of shares of the Company in the proposed Offering should be made solely on the basis of the information contained in the offering documents and the prospectus to be approved by CONSOB for the purposes of the admission to trading on the Euronext Milan. The approval of the prospectus by CONSOB shall not constitute an

evaluation of the economic and financial soundness of the transaction and the quality or solvency of the Company. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. The information in this announcement is subject to change.

Certain figures contained in this document, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this document may not conform exactly with the total figure given.

None of the banks acting as joint global coordinators and joint bookrunners in the contest of the potential initial public offering (the "Managers") or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Nothing contained herein is, or shall be relied upon as, a promise or representation by the Managers or any of their respective directors, officers, employees, advisers or agents in this respect, whether as to the past or future.

None of the Managers or any of their respective directors, officers, employees, advisers or agents assumes any responsibility for its accuracy, completeness or verification and accordingly the Managers and each of their respective directors, officers, employees, advisers or agents disclaim, to the fullest extent permitted by applicable law, any and all liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or any such statement. The Managers are each acting exclusively for the Company and the selling shareholder in the transaction referred to in this announcement and for no-one else in connection with any transaction mentioned in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to any such transaction and will not be responsible to any other person for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to in this announcement.

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort,

contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Shares have been subject to a product approval process, which has determined that such Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II to such target market (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Shares may decline, and investors could lose all or part of their investment; the Shares offer no guaranteed income and no capital protection; and an investment in the Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering.

Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Managers will only procure investors who meet the criteria of professional clients and eligible counterparties.

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Shares and determining appropriate distribution channels.