Read the press release in PDF format here (in Italian)
REDELFI ADMITTED TO TRADING ON EURONEXT GROWTH MILAN
Redelfi has been admitted to trading on Euronext Growth Milan. The debut will be on June 8, 2022.
Redelfi admitted to trading on Euronext Growth Milan. Total placement value of EUR 3.45 million at an offer price of EUR 1.25 per share, corresponding to a post-money capitalization of more than EUR 10.5 million.
Trading expected to start on June 8, 2022
Genoa, June 6, 2022
Redelfi, a management company active in the digital and green transition, announces that today it has received the notice of admission to trading of its ordinary shares and Warrants “2022-2025 Redelfi” on Euronext Growth Milan from Borsa Italiana S.p.A., a multilateral trading system organized and managed by Borsa Italiana. Trading of the shares and warrants is scheduled to begin on Wednesday, June 8, 2022.
Profile
Redelfi is the parent company of the Redelfi Group active in the digital and green transition through three Business Units operating in the Green, MarTech and GreenTech sectors. Each Business Unit adopts a highly innovative approach in defining products, services, and processes with a strong focus on compliance with ESG principles in business management. In the 2021 fiscal year, the Group achieved a Production Value of EUR 1.2 million and a Net Income of EUR 3.5 million, the latter as a result of extraordinary transactions. Its Net Financial Position was cash positive by EUR 0.1 million and Shareholders’ Equity is EUR 5.6 million. In 2021, the Group made investments of approximately EUR 4.5 million.
Placement
Admission to listing takes place through the placement of a total of 2,760,000 ordinary shares, of which 2,400,000 are newly issued and 360,000 shares will be placed as part of the exercise of the over-allotment option, granted by the majority shareholder Marinetta S.S. to Integrae SIM S.p.A., as Global Coordinator.
The total value of the resources raised will amount to EUR 3,450,000 (in case of full exercise of the greenshoe option in the capital increase granted by the Company to Integrae SIM S.p.A. for EUR 450,000), with a price per share determined at EUR 1.25, against a total demand of about 1.2 times the offer. Based on this price, a market capitalization (equity value post money), amounting to approximately EUR 10.1 million (approximately EUR 10.5 million in case of full exercise of the greenshoe option) is expected. The Company’s post-listing free float will be 30.34% of the share capital (33.31% assuming full exercise of the greenshoe option).
As part of the transaction, 2,760,000 “2022-2025 Redelfi” Warrants will also be issued free of charge in the ratio of 1 Warrant for every 1 newly issued share subscribed under the placement or exercise of the overallotment option. Warrant holders will be entitled to underwrite the over-allotment shares in the ratio of no. 1 over-allotment share for every no. 2 Warrants held, with strike-price increasing at the rate of 10%, starting from the IPO price, for each of the three exercise periods, in accordance with the Warrant Regulations.
Share Capital and Shareholders
The share capital of Redelfi S.p.A., as of the date of commencement of trading, consists of a total of 8,080,080 ordinary shares with no par value, divided as follows:
| Shareholder | n. azioni | % |
| Marinetta s.s. | 3.130.940 | 38,75% |
| Intersidera s.s. | 634.641 | 7,85% |
| Gieffe S.r.l. | 568.058 | 7,03% |
| Davide Sommariva | 167.428 | 2,07% |
| Alessandro Ivaldi | 93.150 | 1,15% |
| Domenico Giacobino | 89.497 | 1,11% |
| Other shareholders (with lock-up) | 944.726 | 11,69% |
| Free float | 2.451.640 | 30,34% |
| – of which market (new subscribers) | 2.400.000 | 29,70% |
| – of which existing shareholders without lock-up | 51.640 | 0,64% |
| Totale | 8.080.080 | 100,00% |
*Company 72.34% traceable to Chairman of the Board of Directors Davide Sommariva
** Company 50% traceable to CEO Raffaele Palomba
Identification Codes.
Alphanumeric Code:
- Ordinary Shares: RDF
- Warrants: WRDF25
ISIN Code:
- Ordinary Shares: IT0005496101
- Warrants: IT0005496028
Advisor of the transaction
As part of the procedure for admission to trading on Euronext Growth Milan, Redelfi was assisted by: Integrae SIM (Euronext Growth Advisor and Global Coordinator), IR Top Consulting (Financial Advisor), Dentons Europe Studio Legale Tributario (Legal Advisor), EY (Audit Firm), Epyon (Financial Due Diligence Advisor), Studio B2 (Employment Law Advisor), Studio Borea (Tax Advisor).
IR Manager and IR Advisor
In compliance with the provisions of the Italian Stock Exchange that require the appointment of an Investor Relations Manager, it should be noted that, on May 20, 2022, the Company’s Board of Directors appointed Dr. Erika Padoan to the aforementioned role. The Company will also be assisted by IR Top Consulting as IR & Media Advisor.
The Admission Document and the “2022-2025 Redelfi” Warrant Regulations are available at the Company’s registered office and on the website www.redelfi.com, Investor Relations section.
This press release is available on the website www.redelfi.com, Investor Relations section.
For the dissemination of regulated information, the Issuer uses the 1info dissemination system (www.1info.it) operated by Computershare S.p.A. with registered office at Via Lorenzo Mascheroni 19, Milan.
***
Redelfi is the parent company of the Redelfi Group active in the digital and green transition through three Business Units operating in the Green, MarTech and GreenTech sectors. Each Business Unit adopts a highly innovative approach in defining products, services, and processes with a strong focus on compliance with ESG principles in business management. In the 2021 fiscal year, the Group achieved a Production Value of EUR 1.2 million and a Net Income of EUR 3.5 million, the latter as a result of extraordinary transactions. Its Net Financial Position was cash positive by EUR 0.1 million and Shareholders’ Equity is EUR 5.6 million. In 2021, the Group made investments of approximately EUR 4.5 million.
Contacts:
ISSUER
Redelfi | Investor Relations Manager | Erika Padoan | investor-relations@redelfi.com | T: +39 320 7954739 | via A. Scarsellini, 119 Torre B “I Gemelli” 11 piano, 16149 Genova
Redelfi | Media Relations | Carolina Beretta | carolina.beretta@redelfi.com | via A. Scarsellini, 119 Torre B “I Gemelli” 11 piano, 16149 Genova
INVESTOR & FINANCIAL MEDIA RELATIONS
IR Top Consulting | Investor Relations | ir@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano
IR Top Consulting | Media Relations | d.gentile@irtop.com | T: + 39 02 4547 3884/3 | Via Bigli, 19 – 20121 Milano
EURONEXT GROWTH ADVISOR & SPECIALIST
Integrae SIM | info@integraesim.it | T: +39 02 96846864 | Piazza Castello, 24 – 20121 Milano
