Successfully completed the Rights Issue: early conclusion at markets opening of the Auction of the Pre-Emtpion Rights not exercised during the Subscription Period
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Trieste, July 15, 2024 – Following the press release issued on July 11, 2024 and the related notice published on July 12, 2024 in the newspapers “Il Sole 24 Ore” and “Milano Finanza” pursuant to Article 89 of the regulation approved by Consob Resolution No. 11971 of May 14, 1999, as subsequently amended and supplemented, Fincantieri S.p.A. (“Fincantieri” or the “Company”) announces that, during the first session of the offering on Euronext Milan (the “Stock Exchange Offering”) held today, all 1,358,880 unexercised option rights during the subscription period (the “Unexercised Rights”) have been sold. These rights entitle the holder to subscribe for up to 1,222,992 newly issued ordinary shares of Fincantieri (the “New Shares”) – together with an equal number of “Fincantieri 2024-2026 Warrants” (the “Warrants”) granted free of charge – corresponding to approximately 0.8% of the total New Shares resulting from the capital increase approved by the Board of Directors of Fincantieri under the delegation granted by the Extraordinary Shareholders’ Meeting of Fincantieri.
The exercise of the Unexercised Rights purchased under the Stock Exchange Offering and, consequently, the subscription of the related New Shares must be completed, under penalty of forfeiture, no later than July 16, 2024.
The Unexercised Rights will be delivered to purchasers through authorized intermediaries participating in the centralized management system operated by Monte Titoli S.p.A. and may be used to subscribe for the New Shares – having the same characteristics as those already outstanding and with regular entitlement – at a price of Euro 2.62 per New Share, at the ratio of 9 New Shares for every 10 Unexercised Rights purchased.
The New Shares, together with the Warrants, subscribed by the end of the Stock Exchange Offering of the Unexercised Rights, pursuant to Article 2441, paragraph 3 of the Italian Civil Code, will be credited to the accounts of the Authorized Intermediaries at the close of the accounting day of the last day for exercising the Unexercised Rights, with availability on the same date.
It should be noted that, during the subscription period, which began on June 24, 2024 and ended on July 11, 2024, a total of 167,996,020 option rights were exercised and, therefore, 151,196,418 New Shares have already been subscribed, equal to 99.2% of the total New Shares offered, for an aggregate amount of Euro 396,134,615.16.