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Piovan — Share Issue/Capital Change 2020
Sep 23, 2020
4095_rns_2020-09-23_623fe5ec-2adb-4538-8941-a290eb166754.pdf
Share Issue/Capital Change
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Press Release
ANNOUNCEMENT OF CHANGES IN THE SHARE CAPITAL AND IN THE TOTAL AMOUNT OF VOTING RIGHTS
Santa Maria di Sala (Venice), September 23, 2020 – Piovan S.p.A. ("Piovan" or the "Company") hereby announces a change in its share capital represented by voting rights, which occurred on September 22, 2020.
In this regard, it should be noted that the change did not follow any transfer of Company's shares, but resulted exclusively from the waiver by Pentafin S.p.A. of its increased voting rights for no. 6,018,031 ordinary shares. This waiver has the effect of increasing the free float of the Company expressed in terms of voting rights. It is also specified that Pentafin S.p.A. did not sell any of its Company's shares in.
Information on the outstanding shares as well as on the number of exercisable voting rights follow:
| Situation as of September 22, 2020 |
Situation as of June 20, 2019 |
|||
|---|---|---|---|---|
| No. Shares | No. Voting Rights |
No. Shares | No. Voting Rights |
|
| Total | 53,600,000 | 67,078,526 | 53,600,000 | 73,096,557 |
| Ordinary Shares ISIN IT0005337958 Coupon no. 2 Date 1/1/2019 |
40,121,474 | 40,121,474 | 34,103,443 | 34,103,443 |
| Ordinary Shares with Increased Voting Rights ISIN IT0005351108 Coupon no. 2 Date 1/1/2019 |
13,478,526 | 26,957,052 | 19,496,557 | 38,993,114 |
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FOR FURTHER DETAILS:
Piovan S.p.A. Investor Relations Officer Patrizia Tammaro Silva [email protected] Tel. 041 5799111
Global Reputation S.r.l. Press Office Margherita Anna Mulas [email protected] Tel. 335 7870209
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Piovan
Piovan Group is a global leader in the development and manufacturing of auxiliary automation systems for the storage, shipping and processing of polymers, bio-resins, recycled plastic, food fluids and food and non-food powders. Over recent years, the Group has been particularly engaged in developing and producing auxiliary systems to automate production processes for the bio-economies and circular economies for recycling and reusing plastic and for the production of plastics which are naturally compostable, tapping into cross-selling opportunities.