Below is the press release, available in PDF format (in italian).
THE BOARD OF DIRECTORS APPROVES THE PROPOSAL FOR A CAPITAL INCREASE RESERVED FOR QUALIFIED AND/OR PROFESSIONAL INVESTORS
Milan, march 17, 2025
the board of directors of Redelfi S.p.A. (“Redelfi” or the “Society“), the company heading the homonymous industrial group based in Genoa – engaged in the development of innovative and sustainable infrastructures to support the energy transition, and listed on the Euronext Growth Milan segment of Borsa Italiana, convened today and approved the proposal for a paid capital increase, with the exclusion of the pre-emption right pursuant to Article 2441, paragraph 5 of the Italian Civil Code, for a total value of” a maximum of Euro 8,000,000., including any premium, through the issuance of new ordinary shares without nominal value and with regular entitlement (the “Capital Increase“) and, for this purpose, has resolved to convene the Shareholders’ Meeting for the next 3 april 2025, in a single call.
The Capital Increase will be offered to qualified and/or professional investors – as defined under Article 2, paragraph 1, letter e), of Regulation (EU) 2017/1129 of the European Parliament and Council of June 14, 2017 (the “Prospectus Regulation”), as amended and supplemented by Regulation 2809/2024, the so-called “Listing Act”, and as defined in Article 2, letter e), of the same Prospectus Regulation in the United Kingdom, as national law pursuant to the European Union (Withdrawal) Act 2018 and subsequent amendments – already identified in several strategic entities for the development of the Redelfi Group.
Furthermore, in line with the capital increase approved on December 13, 2024 – ref. press release December 13, 2024 – the Capital Increase is based on the update of the 2023-2026 industrial plan presented to the market in December 2023 – ref. press release December 11, 2023 – which, in its new version, outlines significant investments in both the Italian and American markets (the “New Plan“). The New Plan, which will be shared with the financial community following the approval of the financial statements for the year ending December 31, 2024, concretely reflects the Redelfi Group’s vision for the next 5 years, with an expansion of its presence in the US market and the strengthening of its position in the Italian market.
The Board of Directors has proposed as the method for determining the issue price of the new Redelfi shares to be issued in connection with the Capital Increase (the “New Shares“) the weighted average market price of Redelfi shares over the 3 months preceding the execution date of the Capital Increase.
The New Shares will be offered for subscription as part of a private placement, without the publication of a public offering and listing prospectus, pursuant to the exemptions provided under Article 1, paragraph 4, letter b) of the Prospectus Regulation, as amended and supplemented by the “Listing Act”.
The documentation related to the Capital Increase will be made available at the company’s registered office and on the company’s website www.redelfi.com in the Investor Relations section> Capital Increase 2025, as well as on the Borsa Italiana S.p.A. website under the Shares > Documents Section.
This press release is available on the website www.redelfi.com, under the Investor Relations > Press Releases, and on www.1info.it.
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Redelfi is the company heading the group active in the digital and green transition sector, with a strong innovative approach to the definition of products, services and processes, and a strong focus on compliance with ESG principles. In the financial year 2023, the Group achieved a Production Value of Euro 11 million and a Net Profit of Euro 3 million. The Net Financial Position is cash negative in the amount of Euro 4.8 million and the Net Equity is Euro 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
