Piazza Affari: bid for the delisting of TradeLab

Another delisting in Milan. Metriks Ai, the AI data company that owns Metriks Suite, has launched a voluntary public exchange offer for all the shares in TradeLab (i.e. 5,450,000 ordinary shares), which are admitted to trading on Euronext Growth Milan.

The purpose of the transaction is to have TradeLab shares delisted from trading on the Egm. For each share tendered in response to the Metriks offer, Ai will pay consideration entirely in shares, amounting to 0.667 of its newly issued ordinary shares. Based on the official price of Metriks shares recorded at yesterday’s close, amounting to €3.20, the consideration represents a valuation of €2.13 per share subject to the offer and, therefore, incorporates a discount of 14.67% compared with the official price of the shares subject to the offer recorded on the reference date. The Metriks shares offered as consideration will be issued as part of a share capital increase to finance the transaction.