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Misitano & Stracuzzi S.p.A.
Delisting Announcement • Aug 27, 2024
6592_rns_2024-08-27_48a0672a-a639-48e8-9737-ce3ba85a9eaf.pdf
Delisting Announcement
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Press Release
PARTIAL EXERCISE OF GREENSHOE OPTION
Messina (ME), Italy – 27th August 2024 - Misitano & Stracuzzi S.p.A., one of the main Italian business to business (B2B) operator active at international level in the creation, production and marketing of citrus essential oils mainly of natural origin and to a lesser extent in the production of citrus juice ("M&S or the "Company"), announces that today, Intermonte SIM S.p.A., as Global Coordinator in the process of admission and negotiation of the Company's ordinary shares on Euronext Growth Milan (the 'Listing'), has partially exercised the Greenshoe Option, granted by Stracuzzi Holding S.r.l., for a total of no. 507,000 ordinary shares of the Company. With the partial exercise of the Greenshoe Option, the stabilisation period ends with immediate effect.
Following the partial exercise of the Greenshoe Option, the institutional placement involved a total of no. 6,567,000 shares for a total Offer of approximately Euro 19 million, equal to approximately 21.8% of the Company's post-Offer share capital, including the non-listed Price Adjustment Shares ("PAS") and approximately 24.8% of the ordinary shares subject to trading.
For further information on the Greenshoe Option, please refer to the admission document available on the Company's website at www.misitanoestracuzzi.com, Investor Relations section.
This press release is available in the "Investor Relations" section of the website www.misitanoestracuzzi.com. Please note that, for the dissemination of regulated information, the Company uses the ** circuit managed by Computershare.
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ABOUT MISITANO & STRACUZZI
The Misitano & Stracuzzi Group is one of the main Italian one of the main Italian business to business (B2B) operator active at international level in the creation, production and marketing of citrus essential oils mainly of natural origin and to a lesser extent in the production of citrus juice. The Company purchases citrus essential oils worldwide and produces proprietary solutions tailored to each individual customer's needs. The citrus essential oils are highly appreciated at the international level and are applied in a variety of fields, including food and drink, perfumes and fragrances, cosmetics and aromatherapy.
The products made by the M&S Group are mainly intended for international customers, including large producers of flavours and fragrances and sometimes directly for producers active in food and beverage, personal and home care, aromatherapy, perfumery, cosmetics and pharma.
Today the Company can use two plants based in Sicily, respectively the Furci Siculo (Me) plant and in S. Teresa di Riva (Me), supported by various warehouses located in Italy, Northern Europe and on the west coast of the United States as well as by a dense and structured sales network spread throughout the world also made up of agents who support the relationship with the Group's customers. In December 2016, Misitano & Stracuzzi USA Corp. was established, a company incorporated under US law, wholly owned by Misitano & Stracuzzi S.p.A. M&S USA carries out distribution activities of essential oils and aromatic essences in the United States. The strategic position assumed by the subsidiary represents a key factor in the development of the Group's business.
For the financial year ending 31st December 2023, the Company's Revenues reached 59.0 million Euro, increasing by 42.2% respect to 2022's financial year and a Group net result of 7.1 million Euro.
Misitano & Stracuzzi S.p.a. Citrus Products Via Ghibellina, 64 – 98122 Messina (Italy) Company with Sole Shareholder Share capital € 1.277.550,00 fully paid up Messina Business Register Tax ID and VAT 00170700835
Tel.: + 39 090 2922571 Email: [email protected] Website: misitanoestracuzzi.com
For further information
Misitano & Stracuzzi Giuseppe Trusso – CFO & IRM [email protected] F +39 (0)90 2922571
Press and Communication Office HEAR-ir Simona D'Agostino [email protected] M +39 335 7729138 Luca Macario [email protected] M +39 335 7478179
Euronext Growth Advisor Intermonte [email protected] F +39 (0)2 771151
Company with Sole Shareholder Share capital € 1.277.550,00 fully paid up Messina Business Register Tax ID and VAT 00170700835
Tel.: + 39 090 2922571 Email: [email protected] Website: misitanoestracuzzi.com