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Yolo Group
Capital/Financing Update • Nov 30, 2023
4450_rns_2023-11-30_e4fece9c-fdf8-48cb-a8fd-7da6cc75f759.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 20264-25-2023 |
Data/Ora Inizio Diffusione 30 Novembre 2023 13:09:43 |
Euronext Growth Milan | |
|---|---|---|---|
| Societa' | : | YOLO GROUP | |
| Identificativo Informazione Regolamentata |
: | 183936 | |
| Nome utilizzatore | : | YOLOGROUPN02 - Roberta Pazzini | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 30 Novembre 2023 13:09:42 | |
| Data/Ora Inizio Diffusione |
: | 30 Novembre 2023 13:09:43 | |
| Oggetto | : | YOLO: OPENING OF THE FOURTH LOAN NAMED "YOLO GROUP CONVERTIBLE 5% 2022-2025" |
CONVERSION PERIOD OF THE BOND |
| Testo del comunicato |
Vedi allegato.
YOLO
OPENING OF THE FOURTH CONVERSION PERIOD OF THE BOND LOAN NAMED "YOLO GROUP CONVERTIBLE 5% 2022-2025"
Milan, 30 th November 2023 - YOLO Group S.p.A. ("YOLO"), one of the leading players in the Italian insurtech market of digital insurance services and listed on Euronext Growth Milan – Professional Segment, announces that on 1 st December 2023, will open the Fourth Conversion Period of the convertible bond into YOLO ordinary shares named "Yolo Group Convertible 5% 2022-2025" (ISIN code IT0005503856). The Third Conversion Period will close on 31st December 2023.
During the Fourth Conversion Period, each Bondholder has the right to request conversion of the Convertible Bonds into Conversion Shares (the "Conversion Right") based on the conversion ratio of 1,000 (one thousand) Yolo Group Shares for each bond submitted for conversion ("Conversion Ratio") at the implicit unit price per single share equal to Euro 4.15.
Furthermore, details of the Convertible Bonds still outstanding are provided below:
| N. of Securities Issued |
N. of Securities Converted |
N. of Outstanding Securities |
|
|---|---|---|---|
| Convertible Bonds | 722 | 00 | 722 |
For more information, please refer to the Regulations of the convertible bond called "Yolo Group Convertible 5% 2022-2025" available on the company's website www.yolo-insurance.com (Investor Relations section).
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The press release is available on www.yolo-insurance.com, in the Investor/Press Release section.
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For the transmission and storage of Regulated Information, YOLO Group S.p.A. uses the eMarket and the eMarket STORAGE storage mechanism available at managed by Spafid Connect S.p.A., with registered office at Piazza Priscilla, 4 - Rome.
YOLO Group, listed on the professional segment of Euronext Growth Milan, is one of the leading players in the Italian insurtech market of digital insurance services. YOLO won the "Best IPO 2022" award sponsored by Assonext and "Best Capital Market Transaction" at the MF Insurance Awards 2023. In 2022, it was included in the "State of Insurtech" report
prepared by CBInsights among the top exits in Q3 2022 and was included in The DIA Community Top 250 ranking, the global selection of the best insurtech startups. The company's shareholders include its two co-founders (Gianluca De Cobelli and Simone Ranucci Brandimarte), Generali Italia, Intesa Sanpaolo Vita, Neva SGR, Primo Ventures SGR, Be The Change, CRIF, Mansutti, Net Insurance, Miro Venture and Banca di Piacenza. Website: www.yolo-insurance.com
CONTACTS
Investor Relator YOLO Group S.p.A. Roberta Pazzini – Investor Relation Manager via della Moscova 12, 20121 Milano (MI) [email protected]
Media Relations Euronext Growth Advisor Twister communications group EnVent Capital Markets Ltd [email protected] Square – London W1J 5AW
Lucia Saluzzi + 39 347 5536979 Euronext Growth Advisor 42 Berkeley [email protected]