Seco — Share Issue/Capital Change 2023

Jun 13, 2023

Informazione Regolamentata n. 2358-74-2023		Data/Ora Ricezione 13 Giugno 2023 17:46:13	Euronext Star Milan
Societa'	:	SECO
Identificativo Informazione Regolamentata	:	178206
Nome utilizzatore	:	SECON03 - -
Tipologia	:	3.1
Data/Ora Ricezione	:	13 Giugno 2023 17:46:13
Data/Ora Inizio Diffusione presunta	:	13 Giugno 2023 17:46:18
Oggetto	:	SECO – 7-Industries: closing of the second tranche of the Capital Increase
Testo del comunicato

Vedi allegato.

SECO – 7-Industries: closing of the second tranche of the Capital Increase

• Finalized the subscription and payment of €8.7M
• Completion of the capital increase reserved to 7-Industries for a total of €65M
• The stake of 7-Industries in SECO's share capital rises to 11.3%

Arezzo, June 13, 2023 – SECO S.p.A. (the "Company") announces to have successfully finalized the closing of the second tranche of the capital increase by 7-Industries Holding B.V. ("7-Industries"), thus completing the transaction announced on April 3, 2023.

Overall, the transaction envisaged a capital increase, on a divisible basis and by payment in cash, for a maximum nominal amount of €65 million, including share premium, through the issue of a maximum of 13,859,276 new ordinary shares, equal to approximately 10.45% of the share capital post-dilution, reserved to 7-Industries, with the exclusion of option rights pursuant to Article 2441, paragraph 5 of the Italian Civil Code (the "Capital Increase").

With the first tranche of the transaction, on April 6, 2023, a capital increase of €56.3 million, including share premium, was executed, against the issuance of 11,998,179 ordinary shares of SECO.

In addition, 7-Industries had acquired from DSA S.r.l., HSE S.r.l. and HCS S.r.l. (the "Selling Shareholders") 355,366, 355,366 and 355,366 ordinary shares of SECO, respectively.

Following the obtainment of the required authorizations, the completion of the second tranche consisted in the subscription of additional 1,861,097 newly issued ordinary shares of SECO, for an amount of €8.7 million, including share premium.

As a result of the aforementioned transactions, the stake of 7-Industries in SECO's share capital is equal to 11.25% of the share capital post-dilution.

Consistently with its long-term investment approach, 7-Industries has agreed with the Company its commitment not to sell the subscribed or purchased SECO shares for the 24 months following the closing date of the first tranche of Capital Increase and the Sale (lock-up).

The Selling Shareholders granted 7-Industries a right of first offer in the event that they intend to transfer their shares in the Company to a third party purchaser. In addition, in the event the Selling Shareholders, within the procedure envisaged by the abovementioned right of first offer, decide not to sell their shares to 7-Industries and then receive an offer from a thirdparty purchaser, 7-Industries will also have a right to match the offer made by such third-party purchaser and thus to acquire the offered shares. Such right to match has been granted to 7-Industries for a period of 24 months starting from the closing date of the subscription of the first tranche of the Capital Increase and the Sale. At the end of such 24-month period, 7- Industries will retain only the right of first offer.

PRESS RELEASE

Endless ways to the future

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, that allows clients to gather insightful data from their on-field devices in real time. SECO employs almost 900 people worldwide and operates through 5 production plants, 10 R&D hubs and sales offices in 8 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 S.p.A. Marco Parisi Head of Investor Relations Tel. +39 0575 26979 investor.relations@seco.com