Read the press release in PDF format here (in Italian)
THE BOARD OF DIRECTORS APPROVES THE PROPOSED 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 “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 the proposal for a paid capital increase, with the exclusion of option rights pursuant to Article 2441, paragraph 5 of the Italian Civil Code, for a total maximum value of €8,000,000, including share premium, through the issue of new ordinary shares without par value and with regular dividend rights (the “Capital Increase”) and, to this end, resolved to convene the Shareholders’ Meeting on April 3, 2025, in a single call.
The Capital Increase will be offered to qualified and/or professional investors – as defined in Article 2, paragraph 1, letter e) of Regulation (EU) 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, known as the “Listing Act,” and as defined in Article 2, letter e), of the same Prospectus Regulation in the United Kingdom, as national legislation pursuant to the European Union (Withdrawal) Act 2018 and subsequent amendments – already identified in various strategic entities with a view to the development of the Redelfi Group.
Furthermore, in line with the capital increase approved on December 13, 2024 – ref. cs December 13, 2024 – the Capital Increase is based on the update of the 2023-2026 business plan presented to the market in December 2023 – ref. cs December 11, 2023 – which, in its new version, provides for significant investments in both the Italian and US 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 expresses the Redelfi Group’s vision for the next five years, with an increase in its presence in the US market and the strengthening of its position in the Italian market.
The Board of Directors has proposed that the issue price of the new Redelfi shares to be issued in connection with the Capital Increase (the “New Shares”) be determined on the basis of the weighted average market value of Redelfi shares in the three months prior to the date of execution of the Capital Increase.
The New Shares will be offered for subscription as part of a private placement, without publication of a prospectus for public offering and listing, pursuant to the exemptions provided for in Article 1, paragraph 4, letter b) of the Prospectus Regulation, as supplemented and amended by the “Listing Act.”
The documentation relating 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 > Capital Increase 2025 section, as well as on the Borsa Italiana S.p.A. website in the Shares > Documents section.
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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
