PRINTSuccessfully 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, 15 July 2024 - Following the press release issued on 11 July 2024 and the related notice published on 12 July 2024 in the daily newspapers “Il Sole 24 Ore” and “Milano Finanza” pursuant to Article 89 of the regulation approved with Consob resolution No. 11971 of 14 May 1999, as subsequently amended and supplemented, Fincantieri S.p.A. (“Fincantieri” or the “Company”) informs that, during the first trading day on Euronext Milan (the “Rights Auction”) held today, all the no. 1,358,880 pre-emption rights not exercised during the subscription period (the “Unexercised Rights”) have been sold, which entitle to the subscription of maximum no. 1,222,992 newly issued Fincantieri ordinary shares (the “New Shares”) - paired free of charge with the same number of “2024-2026 Fincantieri Warrants” (the “Warrants”) - corresponding to about 0.8% of the total New Shares resulting from the rights issue resolved upon by the Board of Directors of Fincantieri pursuant to the authorisation granted to the management body by the extraordinary Shareholders’ Meeting of Fincantieri.
The exercise of the Unexercised Rights purchased during the Rights Auction and, consequently, the subscription of the related New Shares, must be carried out, under penalty of forfeiture, by no later than 16 July 2024.
The Unexercised Rights will be delivered to the purchasers through the authorized intermediaries participating in the centralized management system of Monte Titoli S.p.A. and may be used to subscribe the New Shares – having the same characteristics of those outstanding and regular entitlement – at a price of Euro 2.62 per New Share, at a ratio of no. 9 New Shares for every no. 10 Unexercised Rights purchased.
The New Shares, together with the paired Warrants, subscribed by the end of the Rights Auction of the Unexercised Rights, in accordance with Article 2441, paragraph 3 of the Italian Civil Code, will be credited to the accounts of the authorized intermediaries at the end of the accounting day of the last day of exercise of the Unexercised Rights and will become available on the same day.
It should be noted that, during the subscription period, which started on 24 June 2024 and ended on 11 July 2024, no. 167,996,020 pre-emption rights were exercised and therefore no. 151,196,418 New Shares have already been subscribed, equal to 99.2% of the total number of New Shares offered, for an aggregate amount of Euro 396,134,615.16.