SYS-DAT has communicated the conclusion of the offer relating to the admission to trading of the Company’s ordinary shares on the Euronext Milan regulated market, with the offer price set at 3.40 euros per share and consequent capitalization of the company equal to 103 million euros (106 million in case of
full exercise of the greenshoe option).SYS-DAT: offer price of ordinary shares set at 3.40 euros
The Offer concerned 8,450,000 newly issued ordinary shares of the Company resulting from a paid capital increase, 1,420,920 existing shares put up for sale, on a residual basis, by the current shareholders and 987,000 shares in the capital increase, to service the option greenshoe, con lThe total amount of the Offer is approximately 37 million euros, including the full exercise of the greenshoe.
Following the floating Offer, it is equal to 35.1% of the Company’s capital, as required by Borsa Italiana SpA for the STAR segment, including the exercise of the greenshoe option.
The gross proceeds for the Company from the issue of new shares amount to approximately 29 million Euro (approximately 32 million Euro in the event of full exercise of the greenshoe option).
These proceeds will be used by the Company to continue to develop and focus on the key pillars of its strategy based on: accelerating its M&A activity for the acquisition of new companies in the IT market; new hiring and new investments in current personnel in order to pursue long-term value creation and expand its business capacity; maximizing value creation, through the comprehensive service offering, a multi-sector approach, implementation of new technologies and customer loyalty; strengthening its capital structure; further expanding its territorial presence.
The Company and the Selling Shareholders have undertaken commitments of lock-up according to market practice for specific periods of time following the Offer.
Matteo Neuroni, CEO (pictured), commented: “We are satisfied with the trust that investors have shown in us, especially considering the current market context characterized by poor liquidity. The basic offer had a demand of over three and a half times with an excellent quality book that includes domestic and international investors of primary standing. The trust placed in us by investors is a clear testimony to the validity of our approach and our long-term vision. We believe that our constant propensity for innovation and effective organization were particularly appreciated. These key elements have allowed our company to remain competitive and respond promptly to the needs of an ever-changing market. In recent years the company has concluded numerous M&A transactions, successfully integrating new companies within the group, allowing us to expand our expertise and resources, further strengthening our position in the market. The resources collected represent a fundamental driver for our growth path. We want to thank everyone who contributed to this success. We are ready to face future challenges with the same determination and vision that have guided us so far, with the aim of continuing to grow and create value for all our stakeholders”.
