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Civitanavi Systems Share Issue/Capital Change 2023
4157_rns_2023-05-31_20608b83-ec25-4eb4-913c-9d8a05e6f0d7.pdf
Share Issue/Capital Change
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| Informazione Regolamentata n. 2464-38-2023 |
Data/Ora Ricezione 31 Maggio 2023 17:33:32 |
Euronext Milan | |
|---|---|---|---|
| Societa' | : | CIVITANAVI SYSTEMS | |
| Identificativo Informazione Regolamentata |
: | 177718 | |
| Nome utilizzatore | : | CIVITANAVIN01 - Galletti | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 31 Maggio 2023 17:33:32 | |
| Data/Ora Inizio Diffusione presunta |
: | 31 Maggio 2023 17:33:34 | |
| Oggetto | : | loan agreement signed by Civitanavi Systems Ltd into shares of CNS S.p.A. |
Announces early termination of convertible |
| Testo del comunicato |
Vedi allegato.
PRESS RELEASE
CIVITANAVI SYSTEMS S.P.A: ANNOUNCES EARLY TERMINATION OF CONVERTIBLE LOAN AGREEMENT SIGNED BY CIVITANAVI SYSTEMS LTD INTO SHARES OF CNS S.P.A.
Pedaso (FM), May 31st 2023 - Civitanavi Systems S.p.A. (EURONEXT - CNS.MI) (the "Company" or "CNS"), announces that Civitanavi Systems Ltd, the Company's majority shareholder, has today signed the early closure agreement relating to the loan convertible into shares amounting to EUR 5,063,000, which was signed and announced on December 6, 2022.
Following the full subscription of the shares, the percentage of CNS's share capital held by the lender, which already held a 0.98% stake in the share capital, is now 5.09% of the same.
Civitanavi Systems Ltd therefore holds a 66.21% stake in the share capital of CNS, while the free float reaches 33.79%, benefiting the stock's liquidity.
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The press release is available in the Investors section of the Company website https://www.civitanavi.com/investors/comunicati-stampa/
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Civitanavi Systems, born as a start-up in 2012, is one of the main players in the design, development and production of inertial navigation and stabilization systems used in the aerospace and defense sectors in space, terrestrial, aeronautical, naval and industrial, mining and oil & gas. The Company vertically provides high accuracy systems, designed and manufactured with methods, techniques and algorithms based on FOG (Fiber Optic Gyroscope) and MEMS (Micro Electro Mechanical Systems) technology, also integrated with devices for satellite navigation. Today it carries out its activities in Pedaso (FM), in three other locations, in Ardea (RM), in Casoria (NA) and in Turin (TO) counting on a staff of about 160 employees operating throughout Italy.
Investor Relations Letizia Galletti Tel. +39 0733773648 [email protected] Media Relation Image Building Via Privata Maria Teresa, 11 20123 – Milano Tel. +39 02 89011300 [email protected]
