Share Issue/Capital Change • Aug 30, 2024
Share Issue/Capital Change
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| Informazione Regolamentata n. 20264-50-2024 |
Data/Ora Inizio Diffusione 30 Agosto 2024 11:37:48 |
Euronext Growth Milan | |
|---|---|---|---|
| Societa' | : | YOLO GROUP | |
| Identificativo Informazione Regolamentata |
: | 195033 | |
| Utenza - Referente | : | YOLOGROUPN01 - Francesco Greco | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione | : | 30 Agosto 2024 11:37:48 | |
| Data/Ora Inizio Diffusione | : | 30 Agosto 2024 11:37:48 | |
| Oggetto | : | OPENING OF THE SEVENTH CONVERSION PERIOD OF THE BOND LOAN DENOMINATED "YOLO GROUP CONVERTIBLE 5% 2022-2025" |
Testo del comunicato
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YOLO
Milan, 30th August 2024 - YOLO Group S.p.A. ("YOLO" or the "Company) one of the leading operators in the Italian insurtech market of digital insurance services listed on Euronext Growth Milan, announces that on 1st September 2024 the Seventh Conversion Period of the bond convertible into YOLO ordinary shares named "Yolo Group Convertibile 5% 2022-2025" (ISIN code IT0005503856) will open. The Seventh Conversion Period will close on 30th September 2024.
During the Seventh Conversion Period, each Bondholder has the right to request the conversion of the Convertible Bonds into Conversion Shares (the 'Conversion Right') on the basis of the conversion ratio of number 1.000 (one thousand) Yolo Group Shares for each bond presented for conversion on ('Conversion Ratio') and therefore at the implied unit price per single share equal to Euro 4,15.
Details of the Convertible Bonds still outstanding are also set forth below:
| N. Issued Shares | N. Converted Bonds | N. Outstanding Bonds |
|
|---|---|---|---|
| ConverJble Bonds | 722 | 0 | 722 |
For further information, please refer to the Regulation of the convertible bond called 'Yolo Group Convertible 5% 2022-2025' available on the company's website www.yoloinsurance.com (Investor Relations section).
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The press release is available in the Investor/Press Releases section of the website www.yoloinsurance.com.
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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 Teleborsa S.r.l. - based in Piazza di Priscilla, 4 - Rome. Roma.
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YOLO Group is an insurtech company, among the leading ones in Italy and with a presence abroad, with two lines of offerings: services to enable digital distribution of insurance products from insurance companies, banks, and retailers (e.g., utilities and large retailers); direct distribution of insurance products made in collaboration with companies.
Since its establishment at the end of 2017, YOLO has developed 56 partnerships in Italy and abroad to enable digital insurance offerings.
In direct distribution, YOLO has adopted a hybrid (so-called phygital) model, combining digital and physical channels. In 2022, it launched Yolo Insurance Network (YIN), a platform that enables smaller insurance agencies and brokers to integrate digital into the physical management and distribution model. YIN has 450 brokers signed up.
YOLO has been listed since 2022 in the ordinary segment of Euronext Growth Milan. Among the major shareholders, in addition to the two co-founders (Gianluca De Cobelli and Simone Ranucci Brandimarte), include Generali Italia, Intesa Sanpaolo Vita, Neva SGR, Primo Ventures SGR, Mansutti, IBL Banca, Net Insurance, Smart4Tech, and Banco Desio e della Brianza. Website: www.yolo-insurance.com
Investor Relations Francesco Grieco [email protected]
CONTACTS
Twister communications group Lucia Saluzzi + 39 347 5536979 Emilio Miosi + 39 338 6546410 [email protected]
Euronext Growth Advisor EnVent Italia SIM S.p.A Paolo Verna [email protected]
| Fine Comunicato n.20264-50-2024 | Numero di Pagine: 4 |
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