Seco — Share Issue/Capital Change 2021

Dec 15, 2021

Informazione Regolamentata n. 2358-100-2021		Data/Ora Ricezione 15 Dicembre 2021 23:08:55	Euronext Star Milan
Societa'	:	SECO
Identificativo Informazione Regolamentata	:	155355
Nome utilizzatore	:	SECON03 - -
Tipologia	:	2.5
Data/Ora Ricezione	:	15 Dicembre 2021 23:08:55
Data/Ora Inizio Diffusione presunta	:	15 Dicembre 2021 23:09:00
Oggetto	:	NOTICE OF CHANGE IN SHARE CAPITAL
Testo del comunicato

Vedi allegato.

NOTICE OF CHANGE IN SHARE CAPITAL AS A RESULT OF THE FOLLOWING OPERATIONS:

• Execution of the divisible capital increase against payment, in favor of the shareholders of Garz & Fricke Holding GmbH ("G&F")
• Conversion of no. 3,800 Management shares '19 and no. 2,500 Management shares '20 in ordinary shares

Arezzo, December 15, 2021 – SECO S.p.A. (the "Company" or "SECO") announces the new composition of the subscribed and paid up share capital after: (i) the execution of the divisible capital increase against payment, for a total amount of Euro 14,999,989.37721 (of which Euro 25,590.57 as capital and Euro 14,974,398.80721 as share premium) (the "Reserved Capital Increase"), resolved by the extraordinary Shareholders' Meeting on November 19, 2021, and (ii), the conversion in ordinary shares of the following shares: no. 3,800 shares Management share '19 converted into no. 349,600 ordinary shares, and no. 2,500 shares Management share '20 converted into no. 170,000 ordinary shares.

In particular, the Reserved Capital Increase provides for the issue of a total of no. 2,559,057 new ordinary shares of the Company, without nominal value, at a subscription price per share of Euro 5.86153 (including share premium), with the exclusion of option rights pursuant to Article 2441, Paragraph 4, second sentence of the Italian Civil Code, reserved for subscription by Afinum Siebte Beteiligungsgesellschaft mbH & Co. KG, Manfred Garz, Matthias Fricke and Ventaurum GmbH (the "Shareholders of G&F").

In this regard, it is therefore recalled that the Reserved Capital Increase was carried out in the context of a transaction which saw SECO acquiring the entire share capital of G&F the Shareholders of G&F reinvesting in the share capital of SECO through the subscription and the payment in cash, also by way of compensation, of the Reserved Capital Increase (the "Transaction"). For further information on the Transaction, please refer to the press release dated October 11, 2021, available on the Company's website (www.seco.com, Section "Investors > Media").

Endless ways to the future

The certification pursuant to Article 2444 of the Italian Civil Code, relating to the amount of the share capital, was filed with the competent Company Register of Arezzo on December 15 2021, together with the updated text of the Company's by-laws.

The new composition of share capital of SECO is shown below, with evidence of the previous composition of share capital.

	New share capital (Shares with no nominal value)		Previous share capital (Shares with no nominal value)
	Euro	no. of shares	Euro	no. of share
Total of which:	1,073,934.31	110,451,131	1,048,343.74	107,378,774
Ordinary shares (regular dividend) Number of coupons: 1	1,073,900.28	110,447,631	1,048,247.59	107,368,974
Management '19 Share (regular dividend) Number of coupons: 1	-	-	37.10	3,800
Management '20 Share (regular dividend) Number of coupons: 1	24.31	2,500	0,010 48.81	5,000
Management Performance Share (regular dividend) Number of coupons: 1	9.72	1,000	9.76	1,000

The updated by-law is publicly available at the company's registered office in Arezzo, Via Achille Grandi, 20, and on the authorised storage system eMarket Storage (). The document is also available on the Company's website www.seco.com, under the "Articles of incorporation and by-laws" page of the Corporate Governance section.

SECO

SECO (IOT.MI) develops and manufactures cutting-edge technological solutions, from miniaturized computers to fully customized integrated systems combining hardware and software. SECO also offers Clea, a proprietary end-to-end IoT-AI analytics software suite, made available on a SaaS basis, that allows clients to gather insightful data from their on-field devices in real time. SECO employs almost 800 people worldwide and operates through 5 production plants, 9 R&D hubs and sales offices in 9 countries. SECO serves more than 300 blue-chip customers which are leaders in their respective fields, including Medical, Industrial Automation, Aerospace & Defense, Fitness, Vending and many other sectors. SECO R&D capabilities are further enhanced by long-lasting strategic partnerships with tech giants and collaborations with universities, research centers, and innovative start-ups. Corporate social responsibility is part of the strategy of SECO, that undertakes several actions to reduce its environmental footprint and increase its impact on its people and local communities.

For more information:http://www.seco.com/

Contacts

SECO SpA Marco Parisi Head of Investor Relations Tel. +39 0575 26979 investor.relations@seco.com COMMUNITY GROUP Marco Rubino Tel. +39 3356509552 Marco Tansini Tel. +39 3351899228 seco@communitygroup.it