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Misitano & Stracuzzi S.p.A.
Share Issue/Capital Change • May 8, 2025
6592_iss_2025-05-08_e462d88d-af55-4480-9bd6-7283e6d324dc.pdf
Share Issue/Capital Change
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Press release
MISITANO & STRACUZZI S.P.A.: THE BOARD OF DIRECTORS APPROVES THE CONVERSION OF NO. 3,600,000 PRICE ADJUSTMENT SHARES INTO ORDINARY SHARES
Messina (ME), 8 May 2025 - 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"), listed on the Euronext Growth Milan market, announces that today the Board of Directors resolved to convert in full and automatic no. 3,600,000 Price Adjustment Shares of the Company (ISIN code IT0005603094) ("PAS") into ordinary shares (ISIN code IT0005603078) ("Ordinary Shares"), without any change in the share capital, in the ratio of 1 (one) Ordinary Share for every 1 (one) PAS held pursuant to art. 6.3 of the by-laws.
In particular, on the basis of the results of the Company's consolidated financial statements as at 31 December 2024 presented to the Shareholders' Meeting on 29 April 2025, the Company recorded an EBITDA for the year 2024 of Euro 15,495,770.
The good performance of the year allowed the value established by the "protection mechanism" to be completely exceeded, as provided for in art. 6.3 of the by-laws, that is, the set target of Euro 13,500,000.
As a result of the conversion of the PAS, the Board of Directors will file with the Italian Companies Register, pursuant to Article 2436, paragraph 6, of the Italian Civil Code, the text of the by-laws with the consequent amendments, proceeding with all related formalities. Following the filing of the by-laws with the Italian Companies Register, the share capital will consist of 30,600,000 ordinary shares.
*** This press release is also available in the 'Investor Relations' section of the website." It is hereby noted that the Company uses the system, managed by Computershare, for the dissemination of regulated information. ***
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
Misitano & Stracuzzi S.p.a. Citrus Products Via Ghibellina, 64 – 98122 Messina (Italy)
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
assumed by the subsidiary represents a key factor in the development of the Group's business. The Company is listed on the Euronext Growth Milan market, organized and managed by Borsa Italiana S.p.A., since 29th July 2024 (ISIN code IT0005603078, ticker MS)..
For further information
Investor Relations Giuseppe Trusso – CFO & IRM – Misitano & Stracuzzi [email protected] F +39 (0)90 2922571
IR, 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
Misitano & Stracuzzi S.p.a. Citrus Products Via Ghibellina, 64 – 98122 Messina (Italy)
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