Reverse Stock Split

12 June 2024

Fincantieri S.p.A. (“Fincantieri” or the “Company”) informs that, in execution of the Board of Directors’ resolution of June 11, 2024, and in accordance with the power granted by the Extraordinary Shareholders’ Meeting on that same date, on June 17, 2024, it will proceed with the reverse stock split of n. 1,699,651,360 Fincantieri’s outstanding ordinary shares (ISIN code IT0001415246, with no indication of par value, coupon n. 3), in n. 169,965,136 Fincantieri’s new ordinary shares (ISIN code IT0005599938, with no indication of par value, coupon n. 1), with the same characteristics of the outstanding ordinary shares, in the ratio of n. 1 new ordinary share for every n. 10 outstanding ordinary shares (“Reverse Stock Split”). Please note that June 14, 2024 will therefore be the last trading day before the Reverse Stock Split.

 

Upon completion of the Reverse Stock Split, the share capital shall remain unchanged at Euro 862,980,725.70.

 

The Reverse Stock Split will be carried out by Monte Titoli S.p.A. (legal name of Euronext Securities Milan), through the authorized intermediaries, based on the shareholders’ register as of the trading day of June 18, 2024 (“record date”). The fractions resulting from this activity will be transferred by Monte Titoli S.p.A. on its initiative to Equita SIM, which was appointed by Fincantieri for this activity.

 

In order to facilitate the Reverse Stock Split and the management of share fractions that may arise after the depositary intermediaries have carried out the internal accommodation activities for their clients, Fincantieri has appointed Equita SIM S.p.A. to act as counterparty from June 19, 2024 to June 21, 2024, at the request of the concerned depositary intermediaries, for the purchase or sale of the fractions of the new or excess shares necessary for the shareholders to reach a whole number of shares, within the availability limits of the transferred fractions referred to in the previous paragraph.

 

Such share fractions will be liquidated free of any additional charge, stamp duty or commission, at the official price of Fincantieri’s ordinary shares on June 14, 2024 (i.e., the trading day preceding that of the Reverse Stock Split); the price shall be communicated to Monte Titoli S.p.A. and to the depositary intermediaries on June 17, 2024.

 

At request of the depositary intermediaries and according to the instructions that will be provided through Monte Titoli S.p.A, Equita SIM S.p.A. will also be available to ensure that holders of less than n. 10 outstanding shares who request it, may receive n. 1 new share, against payment of the relevant consideration, as determined above.

RELATED RESOURCES

Reverse Stock Split