Read the press release in PDF format here (in Italian)
REDELFI EXTRAORDINARY SHAREHOLDERS’ MEETING APPROVES A CAPITAL INCREASE WITH EXCLUSION OF OPTION RIGHTS FOR €7,999,992 TO SUPPORT THE NEW 2025-2029 BUSINESS PLAN DEMAND FROM LEADING QUALIFIED INVESTORS EXCEEDS THE OFFER BY 1.2 TIMES.
Milan, April 3 2025
The Extraordinary Shareholders’ Meeting of Redelfi S.p.A. (“Redelfi” or the “Company”), the parent company of the industrial group of the same name with operational headquarters in Genoa – engaged in the development of innovative and sustainable infrastructure to promote energy transition, and listed on the Euronext Growth Milan segment of the Italian Stock Exchange – met today and approved a share capital increase with the exclusion of option rights pursuant to Article 2441, paragraph 5, of the Italian Civil Code, for an amount of €7,999,992.00, including share premium, through the issue of 1,758,240 new ordinary shares (“Capital Increase”).
Demand from leading qualified investors was approximately 1.2 times higher than the offer. Alkemia SGR S.p.A. is the main investor in the transaction.
This transaction is in line with the capital increase carried out in December 2024 for an amount of €1,999,620. Both transactions are based on the update of the 2023-2026 Business Plan presented in December 2023 – ref. cs December 11, 2023 – which, in its new version, envisages a significant increase in business on both the Italian and American markets (the “New Plan”).
The New Plan, which will be presented to the financial community following approval of the 2024 financial statements, will set out the Group’s vision for the five-year period 2025-2029, with a growing commitment in the US and the strengthening of development in the Italian market. The Capital Increase therefore has the dual objective of supporting the development of the Redelfi Group, with the expansion of the pipelines currently under development, and increasing the solidity of the shareholder base thanks to the entry of high-standing investors.
The Capital Increase was subscribed, as part of a reserved placement, by (i) qualified and/or professional investors – as defined in Article 2, paragraph 1, letter e) of EU Regulation 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the “Prospectus Regulation”), as supplemented and amended by Regulation 2809/2024 (the “Listing Act”).
Pursuant to the exemptions provided for in Article 1, paragraph 4, letter a) of the Prospectus Regulation, as supplemented and amended by the Listing Act, the new shares were placed without the publication of a prospectus for public offering and listing.The issue price of the new ordinary shares is €4.55 per share (of which €0.05 is attributable to share capital) and corresponds to the weighted average value of Redelfi shares in the three months prior to March 17, 2025, the date on which the Board of Directors meeting was held, which resolved to propose the capital increase to the Shareholders’ Meeting. This price, determined according to the criteria established by the Board of Directors, in accordance with the provisions of paragraph 6 of Article 2441 of the Italian Civil Code, applicable as of today’s date, corresponds to the weighted average value of Redelfi shares calculated over the three (3) months prior to today’s date, adjusted by applying a discount of 4.55% to that average.
Integrae SIM S.p.A. acted as sole bookrunner for the transaction.
Documentation Filing
The minutes of the Shareholders’ Meeting and the summary report of the votes will be made available to the public on the Company’s website www.redelfi.com, in the Investor Relations > Shareholders’ Meeting section, as well as on the website www.borsaitaliana.it, in the Shares > Documents section, in accordance with the terms and conditions set forth in current legislation.
This press release is available on the website www.redelfi.com, in the Investor Relations > Press Releases section, and on www.1info.it.
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Redelfi is the parent company of the Redelfi Group active in the digital and green transition by taking a highly innovative approach to defining products, services and processes with a strong focus on adherence to ESG principles in business management. In the financial year 2023, the Group achieved a Production Value of EUR 11 million and a Net Profit of EUR 3 million. The Net Financial Position is cash negative in the amount of EUR 4.8 million and the Net Equity is EUR 25 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
Integrae SIM | info@integraesim.it | T: +39 02 80506160 | Piazza Castello, 24 – 20121 Milano
