AI assistant
Racing Force Major Shareholding Notification 2024
4067_dva_2024-06-25_a0d48cbe-effe-4e07-bf88-9532d2ba0501.pdf
Major Shareholding Notification
Open in viewerOpens in your device viewer
PRESS RELEASE
Racing Force: Mumtalakat enters into binding commitment to invest EUR 2 million in ABB
Ronco Scrivia (GE), June 25th 2024 – Racing Force S.p.A., parent company of Racing Force Group (the Group), a world leader in safety systems for motorsports (RFG or the Company), following the press release published today about the approval by its Board of Directors of a capital increase (the Capital Increase) through an accelerated bookbuilding procedure, reserved for subscription by qualified and institutional investors (the Placement), announces that following the above resolution and the related press release, a wholly owned subsidiary of Bahrain Mumtalakat Holding Co. B.S.C. (C), the sovereign wealth fund of the Kingdom of Bahrain (the Investor), entered into a binding commitment to subscribe a portion of said Capital Increase, for an amount of EUR two million.
Furthermore, to help supporting the stability of the share, the Investor entered into 180-day lock-up agreement with the Company starting from the settlement date of the Placement, in line with the practice for similar transactions.
For further information on the Capital Increase, please refer to the press release published today and available at Borsa Italiana S.p.A., at the Company's registered office and in the Investor Relations/Price Sensitive Press Releases section of www.racingforce.com.
***
This press release is available at Borsa Italiana S.p.A., at the Company's registered office and in the Investor Relations/Price Sensitive Press Releases section on www.racingforce.com. RFG uses the eMarket SDIR circuit managed by Teleborsa S.r.l., based in Piazza Priscilla 4, Rome, for the dissemination of regulated information.
RACING FORCE GROUP
Racing Force is the leading motorsports safety products group with the most advanced and comprehensive range of protection and performance products used worldwide by top professionals, amateur athletes, race teams and car manufacturers with products sold under brands such as Bell Helmets, OMP, Zeronoise and Racing Spirit. The group is based in 3 different continents: Ronco Scrivia (headquarters) and Pisa in Italy, Sakhir in Bahrain, Miami and Mooresville in the USA. Today, products under the Group's brands can be found in all world championships of car and kart racing. More information about Racing Force Group is available at www.racingforce.com, as well as on the websites www.ompracing.com, www.bellracing.com and www.racingspirit.com.
CONTACTS FOR RACING FORCE
Barabino & Partners Racing Force Stefania Bassi E-mail: [email protected] mob: +39 335 6282667
Giuseppe Fresa E-mail: [email protected] mob: +39 348 5703197
Investor Relations Roberto Ferroggiaro E-mail: [email protected]
Media Luigi Rossi, Jacopo Rubino E-mail: [email protected]
