Business
Franchetti: resolves on a capital increase with the exclusion of pre-emption rights for a maximum of Euro 4 million
Franchetti: resolves on a capital increase with the exclusion of pre-emption rights for a maximum of Euro 4
About this update from Franchetti S.p.a.
[{"type":"text","content":"\n \n Franchetti: resolves on a capital increase with the exclusion of pre-emption rights for a maximum of Euro 4 million.\n \n \n First tranche for Euro 2.8 million subscribed today by leading\n \n \n qualified and institutional investors\n Arzignano (VI), March 24, 2025 - Franchetti S.p.A. (\"Franchetti\" or the \"Company\" or the \"Group\", Ticker BIT: FCH), a company listed on the Euronext Growth Milan segment of the Italian Stock Exchange and parent of the multinational software development and engineering design Group focused on solutions for the safety and predictive planning of maintenance activities on infrastructure network structures, announces that the Board of Directors, which met today in a notarial session, in execution of the delegation granted to it pursuant to Article 2443 of the Italian Civil Code by the Extraordinary Shareholders' Meeting of 1 July 2024 (partially already carried out on 17 July 2024), resolved to increase the share capital for a fee, in divisible form, with the exclusion of the right of option pursuant to art. 2441, c. 5, of the Italian Civil Code, for a total value of a maximum of Euro 3,999,000.00 including share premium, by issuing a maximum of no. 645,000 new ordinary shares to be issued in one or more tranches, without indication of par value and with regular dividend rights (the \"Capital Increase\"), to be reserved for subscription to qualified and institutional investors as defined pursuant to art. 2, letter e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (\"Qualified Investors\") (i) by 31 March 2025 at a price of Euro 6.20 and (ii) by 31 July 2025 at a price to be determined on the basis of a methodology similar to that applied when determining the price under (i), including the application of a discount in line with market practice, delegating the Chief Executive Officer to determine the same and define the additional ordinary shares of the Company to be issued.\n \n \n The Capital Increase will allow the Company to equip itself with new liquid and immediately usable financial resources and, at the same time, will allow it to quickly seize market opportunities to support the Company's growth plan and the achievement of its strategic objectives, including the pursuit of growth strategies\n Pag. 1 di 2\n through external lines, the opport...