Landi Renzo, the Board of Directors approves phrases and circumstances of the rise. Title +38% | EUROtoday

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Jump on the inventory market within the Star section, +38.3% to 1.82 euros, per Landi Renzo after the Board of Directors has outlined the circumstances of the capital will increase to be carried out by the top of the 12 months. This is an possibility enhance of 25 million and one other reserved for Invitaliafrom 20 million. For the primary operation, the corporate will problem 12.6 million new shares to be supplied as an possibility at a ratio of 14 shares for each 25 held. In the second it is going to as an alternative be 10.08 million particular class shares “not listed and convertible at any time in whole or in part into ordinary shares in the ratio of one to one”.

All the brand new securities will likely be issued on the subscription value of 1.984 euros of which 0.05 are share capital and 1.934 are premium. The subscription value incorporates a reduction of roughly 0.42% in comparison with the theoretical ex-rights value calculated on the idea of the weighted common official costs of the final 3 months. The rights possibility and negotiation interval will begin on November twenty fifth. December third would be the final day of buying and selling of the rights and December ninth would be the deadline to subscribe to the brand new shares.

Landi Renzo, led from July 2023 by the CEO Annalisa Stupenengodevelops and produces methods and parts for the conversion of automobiles to LPG and methane gas. The firm is transferring in the direction of the way forward for low-emission mobility, investing in biomethane applied sciences, renewable pure fuel and, extra not too long ago, hydrogen options. In 2021, it acquired Metatron, a number one pure fuel and hydrogen automobile know-how firm, strengthening its place within the different power sector.

Landi Renzo is due to this fact positioned on the intersection of the automotive sector, sustainable power and technological innovation, with a concentrate on the transition in the direction of low-emission mobility.