Luve

Share Issue/Capital Change • Mar 22, 2021

Informazione Regolamentata n. 20073-6-2021		Data/Ora Ricezione 22 Marzo 2021 17:48:19	MTA
Societa'	:	LU-VE S.p.A.
Identificativo Informazione Regolamentata	:	143967
Nome utilizzatore	:	LUVEN04 - Silva
Tipologia	:	2.2
Data/Ora Ricezione	:	22 Marzo 2021 17:48:19
Data/Ora Inizio Diffusione presunta	:	22 Marzo 2021 17:48:20
Oggetto	:	Finami and G4: sales of LU-VE shares through ABB
Testo del comunicato

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PRESS RELEASE

This press release and any information contained herein shall not be published, distributed or transmitted, directly or indirectly, in the United States, Canada, Australia, South Africa or Japan or in any other jurisdiction where such an announcement would be unlawful.

Placement of LU-VE S.p.A. ordinary shares through an accelerated bookbuilding offering reserved to Italian qualified investors and abroad institutional investors

Milan, 22nd March 2021

Finami S.p.A. ("Finami") majority shareholder of LU-VE S.p.A. ("LU-VE" or the "Company"), with a stake of approximately 50.3% of the Company's share capital (corresponding to approximately 60% of the total voting rights) and G4 S.r.l. ("G4" and, together with Finami, the "Shareholders"), shareholder of LU-VE with a stake of approximately 17.6% of the Company's share capital corresponding to approximately 20% of the total voting rights, announce that they have jointly launched the sale of up to no. 1,334,000 LU-VE ordinary shares, representing around 6.0% of the Company' share capital, of which up to no. 987,160 to be sold by Finami and up to no. 346,840 to be sold by G4 (the "Transaction").

The placement will be carried out through an accelerated bookbuilding offering to qualified investors in Italy and abroad institutional investors.

Finami will in any case maintain the majority of exercisable voting rights at the Shareholders' Meeting, and remain the direct controlling shareholder of LU-VE.

The Transaction will increase the free float of the Company and the liquidity of LU-VE's ordinary share in the market, one of the conditions that could then allow LU-VE to evaluate the possible transition to the STAR segment.

Intermonte is acting as Sole Bookrunner for the placement.

The Transaction will start immediately and the books may be closed at any time. The Shareholders will announce the outcome of the placement upon completion.

As part of the Transaction and in line with market practice for placements of this kind, the Shareholders have agreed with the Sole Bookrunner to a 180 days lock-up period with respect to its ownership of LU-VE shares following completion of the placement.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. It may be unlawful to distribute this announcement in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia, South Africa or Japan or in any other jurisdiction where to do so would be unlawful. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities. The offer and sale of the securities referred to in this announcement has not been, nor will it be, registered under the United States Securities Act of 1933 and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States in connection with this transaction, nor will there be any offer to the public in Italy since the accelerated bookbuilt offering is exclusively reserved to "Qualified Investors" (as defined in Consob Regulation n. 11971 of 14 May 1999, as subsequently amended).