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Unieuro M&A Activity 2024
4262_tar_2024-10-18_e06cd782-edd1-4eb0-a603-4ac28af6a950.pdf
M&A Activity
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| Informazione Regolamentata n. 1944-55-2024 |
Data/Ora Inizio Diffusione 18 Ottobre 2024 14:35:03 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | UNIEURO | |
| Identificativo Informazione Regolamentata |
: | 196923 | |
| Utenza - Referente | : | UNIEURON04 - La Rana | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 18 Ottobre 2024 14:35:03 | |
| Data/Ora Inizio Diffusione | : | 18 Ottobre 2024 14:35:02 | |
| Oggetto | : | Board of Directors resolved by majority not to contribute treasury shares to the Public Tender and Exchange Offer |
|
| Testo del comunicato |
Vedi allegato
UNIEURO S.P.A.: BOARD OF DIRECTORS RESOLVED BY MAJORITY NOT TO CONTRIBUTE TREASURY SHARES TO THE PUBLIC TENDER AND EXCHANGE OFFER
Forlì, October 18, 2024 – The Board of Directors of Unieuro S.p.A. (the "Company" or "Issuer") (Euronext STAR Milan: UNIR), Italy's leading distributor of consumer electronics and household appliances, at a meeting today chaired by Stefano Meloni, resolved by majority not to contribute to the voluntary public tender and exchange offer promoted by Fnac Darty SA and Ruby Equity Investment S.à r.l. the 70,004 treasury shares, equal to 0.34% of the share capital, held today by the Company.
The majority decision, with Chairperson Stefano Meloni and Directors Benedetto Levi, Giuseppe Nisticò and Alessandra Stabilini voting against, is in line with the reservations expressed in the Issuer's Press Release of August 29, 2024 (to which reference is made in full) regarding the adequacy of the Offer consideration to adequately remunerate the Issuer's Shareholders, as such does not reflect the expected value of the shares resulting from, among others, the prospective execution of the Strategic Plan and the completion of the integration of the Covercare Group. The decision is further supported and motivated by the preliminary results for the half-year ended August 31, 2024, which exceeded the Company's expectations, and by the upward revision of the profitability outlook for the current fiscal year (see press release dated September 26, 2024 to which reference should be made).
Unieuro S.p.A.
Unieuro is Italy's leading distributor of consumer electronics and household appliances, thanks to an omnichannel approach which integrates direct stores (over 270), affiliated sales points (over 250) and the unieuro.it digital platform, in addition to services offered by Covercare Group. The company is headquartered in Forlì and has a central logistics platform in Piacenza and approx. 5,400 employees. Listed on the Euronext STAR Milan since 2017, Unieuro reports revenues over Euro 2.6 billion for the fiscal year ending February 29, 2024.
Contacts
Investor Relations Media Relations
Gianna La Rana Moccagatta Associati Investor Relations Director +39 347 9004856 [email protected] [email protected]
+39 02 8645.1695 / 02 8645.1419 [email protected]