[vc_row][vc_column][vc_column_text]THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR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
This document does not constitute an offer prospectus, nor an admission document. This document does
not constitute, nor should it 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 public offer of
financial instruments 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 S.p.A. RESOLVES TO CONVERT PAS SHARES INTO
Genoa, 20 May 2019 – The Board of Directors of EdiliziAcrobatica S.p.A. today approved the conversion of
the PAS Shares.
It is recalled that the Company, confident in its income generating capacity, had committed itself during the
IPO to reach an EBITDA 2018 target equal to Euro 4.2 million net of the effects of the listing process; in case
the above mentioned threshold is not reached, the PAS (Price Adjustment Share) mechanism provided for
the progressive cancellation up to 20% of the shares held by the historical shareholders. The financial year
2018 ended with the exceeding of this target for a normalized EBITDA 2018 (net of the accounting effects
of the listing) equal to approximately Euro 4.5 million.
The Company, therefore, announces the resolution of the full conversion of the 1,200,000 shares Price
Adjustment Share (PAS), ISIN code IT0005351512, into ordinary shares ISIN code IT0005351504, in the ratio
of n. 1 (one) ordinary share for every n. 1 (one) Price Adjustment Share held. Following the conversion, the
Company’s share capital consists of 7,725,300 ordinary shares, ISIN code IT0005351504.
This conversion was resolved by the Board of Directors on 20 May 2019, after obtaining the favourable
opinion of the independent auditors Deloitte & Touche S.p.A. and will take place within 4 working days.
As a result of the Conversion of the Price Adjustment Shares into ordinary shares, the Board of Directors
will (a) make all the necessary communications in the centralised management system for financial
instruments pursuant to Articles 83-bis et seq. of the Legislative Decree. 58/1998, as subsequently
amended, regarding the Conversion, the cancellation of the Price Adjustment Shares remaining after the
Conversion and the issue of the ordinary shares; (b) file the text of the by-laws with the Companies’
Register, pursuant to article 2436, paragraph 6, of the Italian Civil Code, with the consequent amendments,
including the modification of the total number of shares into which the share capital is divided, proceeding
with all related formalities.
For further information, please refer to the “PAS Prospectus” available on the company’s website
www.ediliziacrobatica.com, section “Investor Relations”, within the terms of the law and Article 3 of the Bylaws.[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]22- PRESS RELEASE – EDILIZIACROBATICA S.p.A. RESOLVES TO CONVERT PAS SHARES INTO ORDINARY SHARES 20.05.2019[/vc_column_text][vc_empty_space height=”22px”][vc_column_text]Deborah Dirani
Viale Brigate Partigiane 18/2A
16129 Genova (GE)
Mob: +39 393 8911364[/vc_column_text][/vc_column][/vc_row]