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I.CO.P. Capital/Financing Update 2024
6593_rns_2024-08-20_f6250dda-f60f-4a05-b522-d4656231603f.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 1936-14-2024 |
Data/Ora Inizio Diffusione 20 Agosto 2024 19:48:41 |
Euronext Growth Milan | ||
|---|---|---|---|---|
| Societa' | : | I.CO.P | ||
| Identificativo Informazione Regolamentata |
: | 194829 | ||
| Utenza - Referente | : | ICOPESTN01 - GIACOMO PETRUCCO | ||
| Tipologia | : | 3.1 | ||
| Data/Ora Ricezione | : | 20 Agosto 2024 19:48:41 | ||
| Data/Ora Inizio Diffusione | : | 20 Agosto 2024 19:48:41 | ||
| Oggetto | : | Partial Exercise of the Greenshoe Option and Conclusion of the Stabilization Period |
||
| Testo del comunicato |
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ICOP - PARTIAL EXERCISE OF THE GREENSHOE OPTION AND CONCLUSION OF THE STABILIZATION ACTIVITY
pursuant to Article 6(2) of Delegated Regulation (EU) 2016/1052 of 8 March 2016
Basiliano (Udine), August 20, 2024 – I.CO.P. S.p.A., a Benefit Company ("ICOP" or the "Company") listed on the multilateral trading system Euronext Growth Milan ("EGM"), organised and managed by Borsa Italiana S.p.A., announces that today Alantra Capital Markets S.A.U. Italian Branch (hereinafter also referred to as "Alantra"), as the entity responsible for conducting stabilization activities concerning the Company's ordinary shares (ISIN IT0001212144), has partially exercised the Greenshoe Option for 482,500 ordinary shares of the Company, out of a maximum of 500,000 ordinary shares available under the Greenshoe Option (as part of a capital increase). This option was granted to Alantra to fulfill the obligation to return the 500,000 shares associated with the Over-Allotment Option provided by the shareholder Cifre S.r.l..
With the exercise of the Greenshoe Option, the stabilization period ends with immediate effect.
The purchase price of the ordinary shares under the Greenshoe Option is €5.92 per ordinary share – corresponding to the offer price established as part of the Placement – for a total value of € 2,856,400 , with payment scheduled for August 23, 2024.
Following the partial exercise of the Greenshoe Option as indicated above, the Offer involved a total of n. 5,050,250 ICOP ordinary shares for a total value of € 29,897,480, and ICOP's free float on the market compared to the 27,634,709 shares admitted to trading on Euronext Growth Milan (excluding the PAS shares not admitted to trading), amounts to 18.28%.
ICOP's share capital will thus be represented by n. 27,634,709 ordinary shares and by n. 2,415,541 Price adjustment shares ("PAS"), with no nominal value, held as follows:
| Share Capital divided into Ordinary Shares I.CO.P. S.p.A. Società Benefit – ISIN IT0001212144 |
||||||
|---|---|---|---|---|---|---|
| Shareholder | N. Ordinary Shares |
N. PAS Shares |
% on Share Capital | % Voting rights | ||
| Cifre S.r.l. | 21,739,864 | 2,415,541 | 80.38% | 80.38% | ||
| Friulia S.p.A. | 844,595 | - | 2.81% | 2.81% | ||
| Mercato | 5,050,250 | - | 16.81% | 16.81% | ||
| TOTALE | 27,634,709 | 2,415,541 | 100.00% | 100.00% |
For more information on the Greenshoe Option, please refer to the admission document available in the Investor Relations section of the website https://www.icop.it/.
Additionally, based on the information provided by Alantra as the entity responsible for stabilization activities related to the listing of the Company's ordinary shares, the Company announces that Alantra carried out stabilization transactions (as defined by Article 3, Paragraph 2, Letter d) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)) in connection with the offer of the financial instruments described below.
| Financial Instruments | |
|---|---|
| Issuer | ICOP S.p.A. Società Benefit |
| Financial Instrumentsi | Ordinary shares ISIN IT0001212144 |
| Offer size | 5,050,250 ordinary shares not including Over-Allotment option |
| Offer price | Euro 5.92 per ordinary share |
| MerMarketcato | Euronext Growth Milan |
| Stabilisation Manager | Alantra Capital Markets S.A.U., Italian Branch |
Pursuant to Article 6, Paragraph 3 of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council regarding regulatory technical standards on the conditions applicable to buy-back programs and stabilization measures, the Company, based on the information provided by Alantra, announces that the stabilization activity began on July 25, 2024, and the last stabilization transaction took place on August 20, 2024.
The following table reports the data related to the transactions carried out during the stabilization period.
| Financial instruments subject to stabilisation Ordinary Shares | ||||||||
|---|---|---|---|---|---|---|---|---|
| I.CO.P. S.p.A. Società Benefit - ISIN IT0001212144 |
||||||||
| Date of | Purchase (Values in Euro) | Sales (Values in Euro) | ||||||
| transaction | M / F (*) |
Quantity | Countervalue | Price (**) |
M / F (*) |
Quantity | Countervalue | Price (**) |
| 25/07/2024 | M | 5,000 | 29,525.00 | 5.905 | ||||
| 30/07/2024 | M | 3,000 | 17,760.00 | 5.920. | ||||
| 05/08/2024 | M | 2,000 | 11,822.50 | 5.911 | ||||
| 06/08/2024 | M | 1,500 | 8,855.00 | 5.903 | ||||
| 07/08/2024 | M | 750 | 4,430.00 | 5.907 | ||||
| 08/08/2024 | M | 750 | 4,425.00 | 5.90 | ||||
| 09/08/2024 | M | 3,000 | 17,697.50 | 5.899 | ||||
| 12/08/2024 | M | 250 | 1,470.00 | 5.880 | ||||
| 13/08/2024 | M | 1,000 | 5,902.50 | 5.903 | ||||
| 14/08/2024 | M | 250 | 1,475.00 | 5.900 | ||||
| Total | 17,500 | 103,362,50 | 5.906 | ||
|---|---|---|---|---|---|
| () M: Euronext Growth Milan; O: off-market (*) Price (rounded to three decimal places) |
***
This press release is also issued on behalf of Alantra pursuant to Article 6(2) of Delegated Regulation (EU) 2016/1052.
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This press release is available on the Company's website https://www.icop.it in the Investor Relations - Press Releases section and at https:///it.
ICOP
Founded in 1920 by the Petrucco family, ICOP is an underground engineering company active both nationally and internationally in the sectors of special foundations, microtunneling, and maritime works. As the first benefit company in the sector, ICOP operates today in major European markets, supporting high-profile clients with whom it has established long-term relationships, in highly complex projects related to the development of critical infrastructure (e.g., Paris and Copenhagen metros) and the strengthening of energy and water transport networks (e.g., gas pipelines, aqueducts). The group is based in Basiliano (UD) and, as of the end of 2023, employs approximately 350 people with offices in 17 countries worldwide.
Contacts
I.CO.P S.p.A. Società Benefit – Investor relations Giacomo Petrucco E-mail: [email protected] mob: +39 348 7820927
Alantra – Euronext Growth Advisor E-mail: [email protected] mob: +39 3346267242
Barabino & Partners – Media relations Stefania Bassi E-mail: [email protected] mob: +39 335 6282667 Francesco Faenza E-mail: [email protected] mob: +39 345 8316045