[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
WHERE SUCH PUBLICATION, DISTRIBUTION AND/OR USE WOULD VIOLATE THE LAWS OF THAT
JURISDICTION.
This document does not constitute an offer prospectus or an admission document. This document does not
constitute, and shall not be construed as, an offer to the public for subscription, purchase, sale, or
exchange, nor an invitation to make an offer for subscription, purchase, sale or exchange, of securities. This
document and the information contained herein have been prepared for information purposes only and
are in no way intended to constitute investment advice or a recommendation for investment in financial
instruments. Potential investors must not subscribe and/or purchase the financial instruments covered by
this document based on the information contained herein. There will be no offer of financial instruments to
the public either in Italy or in any other country. Any private placement of the Company’s shares will be
made in the context of the admission of the Company’s shares to AIM Italia, exclusively under the
exemption from the application of the laws and regulations on public offering and therefore the offer of
the shares has not been and will not be subject to the approval of CONSOB or any other competent
authority in Italy or abroad in accordance with the applicable regulations. No prospectus or other
equivalent information document will be published in connection with the admission of the Company’s
shares to AIM Italia.
EDILIZIACROBATICA ADMITTED TO TRADING ON THE AIM ITALIA MARKET
• SUCCESSFULLY COMPLETED THE PLACEMENT OF 1,725,300 EDAC ORDINARY SHARES.
• NEGOTIATIONS ARE SCHEDULED TO START ON 19 NOVEMBER 2018.
Milan, November 15, 2018 – EdiliziAcrobatica S.p.A., a company specialized in safety double rope
construction works, such as maintenance and renovation of buildings and other architectural structures,
announces that today Borsa Italiana S.p.A. has issued the Notice concerning the admission to trading of
EDAC ordinary shares on the AIM Italia – Mercato Alternativo del Capital market, organized and managed
by Borsa Italiana S.p.A..
The admission to listing took place following the placement of 1,725,300 ordinary shares, all newly issued:
i. 1,499,850 ordinary shares resulting from the capital increase reserved for the market;
ii. 75,600 ordinary shares resulting from the share capital increase reserved for employees and directors;
iii. 149,850 ordinary shares, corresponding to approximately 8.7% of the offer, deriving from the greenshoe
capital increase.
In addition, no. 431,332 warrants have been assigned free of charge to investors (including employees and
directors), so warrant holders will have the right to subscribe in 3 exercise periods (September 2019,
September 2020 and September 2021) the compendium shares, in the ratio of one compendium share for
each warrant held, at an exercise price equal to the IPO price, increased by 10% on an annual basis.
The Company, in agreement with the Global Coordinator, Banca Profilo S.p.A., in consideration of the
quantity and characteristics of the expressions of interest received during the placement and in order to
favour a composition of the book characterised by the presence of high standing investors, determined the
price of ordinary shares reserved for the market at Euro 3.33 per share and the price of ordinary shares
reserved for employees and directors at Euro 3 per share.
The value of the placement, including the shares from the greenshoe option, is Euro 5,720,301 (of which
Euro 499,001 of Greenshoe option at the placement price). As part of the transaction, an “adjustment”
mechanism is also provided for if the Group does not achieve a certain consolidated profitability target in
terms of EBITDA in the year ended 31 December 2018 (the so-called Price Adjustment Shares). For further
information on the Price Adjustment Shares, please refer to the admission document which will be
published today on the Company’s website www.ediliziacrobatica.com.
The post-marketing capital of the Company consists of 7,725,300 shares with no par value, of which
6,525,300 ordinary shares and 1,200,000 unlisted Price Adjustment Shares. Based on the offer price, the
Company’s capitalisation is approximately Euro 25.7 million (including PAS shares). The free float is equal to
23.5% of the Company’s share capital (excluding the Price Adjustment Shares) of the Issuer (25.3%
assuming full exercise of the greenshoe option and excluding the Price Adjustment Shares).
The trading start date is expected to be 19 November 2018. On the same day the settlement of the shares
assigned as part of the placement is set.
Riccardo Iovino, EDAC’s CEO, commented: “It is a great satisfaction for us to have completed the listing on
the Stock Exchange at such a delicate historical moment for the markets. Since the day I started
EdiliziAcrobatica, now more than 24 years ago, I have chosen to take different, often counterintuitive paths.
The uniqueness of EdiliziAcrobatica is not only a question of know-how, but it is mainly a question of
mentality: working at height every day has widened our vision of things, for us there are no obstacles, there
are only great opportunities, like the one that today leads us to enter the AIM segment of Borsa Italiana”.
In the listing process EDAC is assisted by Banca Profilo (Nominated Adviser and Global Coordinator),
EMINTAD ITALY (Financial Advisor), LCA Studio Legale (Legal Advisor of the Issuer), Pedersoli Studio Legale
(Legal Advisor of Banca Profilo), Deloitte (auditing firm), Studio Tributario e Societario Deloitte (Tax Advisor)
Iccrea Banca Impresa (Co-lead manager) and ADB (financial advisor).
The Admission Document is available at the Company’s registered office and in the Investor relations
section of the website www.ediliziacrobatica.com. Please note that, for the dissemination of Regulated
Information, the Company uses the 1INFO-SDIR circuit managed by Computershare.
Identification codes The following identification codes have been assigned:
Alphanumeric code ordinary shares: EDAC
ISIN code ordinary shares: IT0005351504
Alphanumeric code warrant: WEDAC
ISIN warrant code: IT0005351470[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]5- PRESS RELEASE – EDILIZIACROBATICA ADMITTED TO NEGOTIATIONS ON THE AIM ITALY MARKET 15.11.2018[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]CONTATTI
Press Office EdiliziAcrobatica S.p.A.
Deborah Dirani
ufficiostampa@ediliziacrobatica.com
Mob: 393 8911364[/vc_column_text][/vc_column][/vc_row]