SBE-Varvit — Capital/Financing Update 2023

Nov 14, 2023

This announcement is not a prospectus and not an offer of securities for sale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.

COMUNICATO STAMPA

SBE-VARVIT – PRIMO GIORNO DI NEGOZIAZIONI SU EURONEXT GROWTH MILAN

Reggio Emilia, 14 novembre 2023 – SBE-Varvit S.p.A. ("SBE-Varvit" ovvero la "Società"), società attiva nel settore della produzione, della distribuzione e della commercializzazione di componenti di fissaggio, comunica che, in data odierna, prenderanno avvio le negoziazioni delle proprie azioni ordinarie sul sistema multilaterale di negoziazione Euronext Growth Milan ("EGM"), organizzato e gestito da Borsa Italiana S.p.A..

Il capitale della Società post-collocamento istituzionale (il "Collocamento Istituzionale") è composto da n. 117.000.000 di azioni, di cui n. 3.000.000 di azioni ordinarie quotate (ISIN IT0005568461) e n. 114.000.000 di azioni a voto plurimo (le "Azioni a Voto Plurimo") non quotate (ISIN IT0005568479), queste ultime detenute dall'azionista Vescovini Group S.p.A.. Le azioni ordinarie sono state collocate a complessivi n. 35 investitori.

La seguente tabella illustra, a parziale rettifica della Comunicazione di Pre-Ammissione del 10 novembre scorso, la composizione del capitale sociale dell'Emittente ad esito del Collocamento Istituzionale (tenuto conto dell'integrale esercizio dell'opzione di over-allotment), con indicazione del numero di azioni detenute dagli azionisti, nonché della rispettiva incidenza percentuale sul totale del capitale sociale e sul totale dei diritti di voto, considerando i diritti di voto connessi alle Azioni a Voto Plurimo.

Azionista	n. azioni ordinarie	n. azioni a voto plurimo	% del capitale sociale	% delle azioni ordinarie	% dei diritti di voto
Vescovini Group S.p.A.	-	114.000.000	97,44%	-	99,13%
ECD Uno S.r.l.	1.392.557	-	1,19%	46,42%	0,40%
Mercato (*)	1.607.443	-	1,37%	53,58%	0,47%
Totale	3.000.0000	114.000.000	100%	100%	100%

(*) Per completezza si precisa che all'interno del mercato: (i) UnipolSai S.p.A. rappresenta lo 0,21% del capitale sociale (8,33% delle azioni ordinarie) e lo 0,07% dei diritti di voto; (ii) Effeti S.p.A. rappresenta lo 0,21% del capitale sociale (8,00% delle azioni ordinarie) e lo 0,07% dei diritti di voto; (iii) HIO S.r.l. rappresenta lo 0,15% del capitale sociale (6,00% delle azioni ordinarie) e lo 0,05% dei diritti di voto.

La seguente tabella illustra la composizione del capitale sociale dell'Emittente ad esito del Collocamento Istituzionale (in caso di mancato esercizio dell'Opzione Greenshoe), con indicazione del numero di azioni detenute dagli azionisti, nonché della rispettiva incidenza percentuale sul totale del capitale sociale e sul totale dei diritti di voto, considerando i diritti di voto connessi alle Azioni a Voto Plurimo.

Azionista	n. azioni ordinarie	n. azioni a voto plurimo	% del capitale sociale	% delle azioni ordinarie	% dei diritti di voto
Vescovini Group S.p.A.	270.000	114.000.000	97,67%	9,00%	99,21%
ECD Uno S.r.l.	1.392.557	-	1,19%	46,42%	0,40%
Mercato (*)	1.337.443	-	1,14%	44,58%	0,39%

This announcement is not a prospectus and not an offer of securities for sale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.

Totale 3.000.0000 114.000.000 100% 100% 100%
-------------------------------------------------------------

(*) Per completezza si precisa che all'interno del mercato: (i) UnipolSai S.p.A. rappresenta lo 0,21% del capitale sociale (8,33% delle azioni ordinarie) e lo 0,07% dei diritti di voto; (ii) Effeti S.p.A. rappresenta lo 0,21% del capitale sociale (8,00% delle azioni ordinarie) e lo 0,07% dei diritti di voto; (iii) HIO S.r.l. rappresenta lo 0,15% del capitale sociale (6,00% delle azioni ordinarie) e lo 0,05% dei diritti di voto.

Tenuto conto di quanto previsto dal Regolamento Emittenti EGM, il flottante (calcolato esclusivamente sulle azioni ordinarie, in quanto unici strumenti ammessi alla negoziazione su EGM) è pari al 30,58% ovvero al 39,58% (in caso di integrale esercizio dell'Opzione Greenshoe).

Alessandro Vescovini, Presidente del Consiglio di Amministrazione e Amministratore Delegato di SBE-Varvit, ha commentato: "Siamo molto soddisfatti dell'accoglienza riservata alla nostra realtà nel giorno del debutto in Borsa. La quotazione è solo il primo passo del percorso strategico che SBE-Varvit ha in programma per i prossimi anni; il supporto di mercati e investitori sarà per noi di ulteriore stimolo nel perseguire quei risultati di crescita che il nostro Gruppo si è prefissato per il prossimo futuro".

Alessandro Vescovini, Presidente del Consiglio di Amministrazione e Amministratore Delegato di SBE-Varvit, suonerà la campanella in occasione dell'apertura dei mercati questa mattina per celebrare la quotazione della Società.

***

Altre informazioni

Il Documento di Ammissione è disponibile presso la sede legale della Società, sul sito internet dell'Emittente www.sbe.it nella sezione "Investor Relations" e sul sito internet di Borsa Italiana.

Per la diffusione delle informazioni regolamentate, la Società si avvale del circuito SDIR () gestito da Computershare.

Contacts: Barabino & Partners Office: +39 02/72.02.35.35 Ferdinando De Bellis – f.debellis@barabino.it +39 339 18 72 266 Agota Dozsa – a.dozsa@barabino.it +39 338 74 24 061

Euronext Growth Advisor Equita SIM S.p.A. sbe-varvit@equita.eu

This announcement is not a prospectus and not an offer of securities for sale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.

* * * DISCLAIMER

This communication is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia), Canada, Australia and Japan (or in any other jurisdiction where it is unlawful to do so). This press release is not an offer for sale of securities in the United States or in any other jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration under the Securities Act.

SBE - VARVIT S.p.A. (the "Company") has not registered and does not intend to register any part of the offering in the United States or to conduct a public offering of any securities in the United States.

This document is an announcement and not a prospectus for the purposes of Regulation (EU) 2017/1129, as subsequently amended (the "Prospectus Regulation"), and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities of the Company in any member state of the European Economic Area or in the United Kingdom (each a "Relevant State").

This announcement is only addressed to and is only directed at persons in Relevant States who are "qualified investors" ("Qualified Investors") within the meaning of Article 2(e) of the Prospectus Regulation and, with respect to the United Kingdom, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

In the United Kingdom, this announcement is being distributed to, and is only directed at, Qualified Investors (i) who have professional experience in matters relating to investments falling within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "FPO"), (ii) who fall within Article 49(2)(a) to (d) of the FPO or (iii) to whom it may otherwise lawfully be communicated (all such persons in (i) and (ii) above being together referred to as "Relevant Persons").

This announcement and information contained herein must not be acted on or relied upon (a) in the United Kingdom, by persons who are not Relevant Persons, and (b) in any Relevant State other than the United Kingdom, by persons who are not Qualified Investors. Any investment or investment activity to which this announcement relates is available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents. The distribution of this document in certain countries may constitute a breach of applicable law.

Shares of the Company have not been and will not be registered under the applicable securities laws of Australia, Canada, Japan or South Africa and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or South Africa except under circumstances which will result in the full compliance with the applicable laws and regulations promulgated by the relevant regulatory authorities in effect at the relevant time.

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Shares have been subject to a product approval process, which has determined that such Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II to such target market (the

This announcement is not a prospectus and not an offer of securities for sale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.

"Target Market Assessment"). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Shares may decline and investors could lose all or part of their investment; the Shares offer no guaranteed income and no capital protection; and an investment in the Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal, or regulatory selling restrictions in relation to the offering. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Joint Global Coordinators (as defined below) will only procure investors who meet the criteria of professional clients and eligible counterparties. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Shares and determining appropriate distribution channels. Each distributor is responsible for undertaking its own target market assessment in respect of the Offer Shares and determining appropriate distribution channels.

This press release contains statements that are, or may be deemed to be "forward-looking statement", projections, objectives, estimates and forecasts reflecting management's current views with respect to certain future events. Forward-looking statements, projections, objectives, estimates and forecasts are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal", or "target" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts, including, without limitation, those regarding the Company's future financial position and results of operations, strategy, plans, objectives, goals and targets and future developments in the markets where the Company or any Group company participates or is seeking to participate. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements as a prediction of actual results: forward-looking statements may and often do differ materially from actual results. The Group's ability to achieve its projected objectives or results is dependent on many factors which are outside management's control. Actual results may differ materially from (and be more negative than) those projected or implied in the forward-looking statements. Such forward-looking information involves risks and uncertainties that could significantly affect expected results and is based on certain key assumptions. All forward-looking statements included herein are based on information available to the Group as of the date hereof. No Group company undertakes any obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law. All subsequent written and oral forward-looking statements attributable to any Group company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.

Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorised person specialising in advising on such investments. This announcement does not constitute a recommendation concerning the Offering. The value of Shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned.

This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is made by any of Equita SIM S.p.A. ("Equita") and UniCredit Bank AG, Milan Branch ("UniCredit" and, together with Equita, the "Joint Global Coordinators" or the "Managers"), or any of their respective affiliates, directors, officers, employees, advisers or agents as to the accuracy or completeness or sufficiency of the information contained in this announcement (or whether any information has been omitted therefrom), and nothing contained herein is, or shall be relied upon as, a promise or representation by the Managers in this respect, whether as to the past or future. The information in this

This announcement is not a prospectus and not an offer of securities for sale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.

announcement is subject to change. None of the Managers assumes any responsibility for its accuracy, completeness or sufficiency or for any other statement made or purported to be made by them, or on their behalf, in connection with the Company, the Shares or the Offering. Accordingly each of the Managers and each of the respective affiliates disclaim, to the fullest extent permitted by applicable law, any and all liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or any such statement. The Managers are each acting exclusively for the Company and/or the Selling Shareholder and for no-one else in connection with any the Offering or any transaction mentioned in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to the Offering or any such transaction and will not be responsible to any other person other than the Company and the shareholders for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction, matter or arrangement referred to in this announcement. In connection with the Offering, the Managers and any of their affiliates may take up a portion of the shares in the Offering as a principal position and in that capacity may retain, purchase, sell, offer to sell for their own accounts such shares and other securities of the Company or related investments in connection with the Offering or otherwise. Accordingly, references in the admission document to the shares being issued, offered, subscribed, acquired, placed, or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, the Managers and any of their affiliates acting in such capacity. In addition, the Managers and any of their affiliates may enter financing arrangements (including swaps, warrants or contracts for differences) with investors in connection with which the Managers and any of their affiliates may from time to time acquire, hold or dispose of shares. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.