Trevi Finanziaria flies in Milan, start of the 100 million capital increase

 (Il Sole 24 Ore Radiocor) - Trevi Finanziaria is surging at Piazza Affari (FTSE MIB) on the day when the €100 million capital increase, which will close on 25 June, gets underway. The stock marked one of the best advances on the Milanese list (Trevi Fin Ind). Last week, in fact, Consob approved the prospectus for the company's capital increase. The board set the offer price at EUR 2 per new share and resolved to issue a maximum of 49,964,352 new shares, to be offered as an option to shareholders in the ratio of 16 new shares for every 5 ordinary Trevifin shares held.

The offer price of the new shares incorporates a discount equal to 34.94% compared to the theoretical ex-rights price of Trevi shares, based on the closing price on the eve of the auction. Trevi has received from Cdp Equity a first take-up commitment for a maximum amount of approximately EUR 9.6 million for the subscription of new shares that would remain unsubscribed after the auction of unexercised rights. In addition, Trevi and Mediobanca, as sole global coordinators, together with Banca Akros and Equita Sim, as joint bookrunners, signed the guarantee agreement relating to the capital increase.