AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Misitano & Stracuzzi S.p.A.

Delisting Announcement Jul 29, 2024

6592_iss_2024-07-29_ce250d26-b1c6-4b20-a315-a5ba3c048430.pdf

Delisting Announcement

Open in Viewer

Opens in native device viewer

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR ANY COUNTRY WHERE IT IS UNLAWFUL TO DO SO

Press Release

MISITANO & STRACUZZI S.P.A. START OF THE TRADING WITH A ROBUST GROWTH ON THE FIRST DAY OF LISTING

Messina (ME), Italy – 29th July 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 the trading of its ordinary shares began on the Euronext Growth Milan market, organized and managed by Borsa Italiana S.p.A..

The shares opened the trading at a price of Euro 3.20 per share (approximately +9.6% compared to the offer price) and closed at Euro 3.03 (approximately +3.8% compared to the offer price).

At the end of the trading day, the Company's market capitalization, including the Price Adjustment Shares ("PAS") non-listed, was approximately Euro 91 million.

The total amount of the Offer was approximately Euro 19.5 million, of which: (i) base offer, amounting to approximately Euro 17.7 million deriving from a paid capital increase and (ii) Greenshoe option, amounting to approximately Euro 1.8 million, granted by Stracuzzi Holding.

The shares subject to the Offer, assuming the full exercise of the Greenshoe option, represent approximately 22.2% of the Company's post-Offer share capital, including non-listed Price Adjustment Shares ("PAS"), and approximately 25.2% of the ordinary shares subject to trading.

Emanuela Stracuzzi, CEO of the Company, commented during the ceremony: "Today we celebrate a historic moment, full of emotions for us three siblings and for M&S, a company able to transform the Sicilian tradition of citrus processing into a symbol of excellence at the international level. With immense pride, we inaugurate Misitano & Stracuzzi as a publicly listed company. I would like to express a profound thank you to all our employees who contribute every day with dedication and professionalism to the success of our company. And to the investors, who believed in our vision, and who not only trusted our project but also made a significant contribution to accelerating its growth. A warm thank you to my siblings: our balance, despite our differences, has been our strength, along with mutual respect, always aiming at a new virtuous path, and a future of sustainable growth and shared success."

In the listing process, Misitano & Stracuzzi is assisted by: Intermonte SIM as Global Coordinator, Sole Bookrunner and Euronext Growth Advisor (EGA), by Emintad Italy as Financial Advisor, by Chiomenti as Legal and Tax Advisor for the Company and for the Global Coordinator, by KPMG S.p.A. as the

***

1

Auditing company, by Adagio23 as the Advisor for the verification of extra-accounting data and by HEAR-ir as Communication and PR Advisor.

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.

***

***

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.

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

Talk to a Data Expert

Have a question? We'll get back to you promptly.