Avio: Board of Directors exercises its authority to authorise a capital increase of approximately 7 per cent reserved for Advent

A further 3 per cent for incentive schemes for managers and executives

(Il Sole 24 Ore Radiocor) - Avio’s board of directors has exercised its authority to authorise a capital increase reserved for the US private equity fund Advent International. Specifically, the maximum nominal amount is approximately 7 per cent of Avio’s existing share capital as at today’s date, to be reserved for subscription by Vantage HYP, a company indirectly controlled by certain funds managed by, and/or for which, Advent International acts as an adviser. Furthermore, the board has exercised its authority to increase the share capital by a maximum nominal amount equal to approximately 3 per cent of Avio’s existing share capital as at today’s date, to be reserved for incentive schemes based on warrants and share options for directors, executives with strategic responsibilities and other managerial staff at Avio.

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