{"id":1832045,"date":"2020-11-05T00:00:00","date_gmt":"2020-11-05T00:00:00","guid":{"rendered":"https:\/\/ediliziacrobatica.com\/comunicati-stampa\/press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018\/"},"modified":"2020-11-05T00:00:00","modified_gmt":"2020-11-05T00:00:00","slug":"press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018","status":"publish","type":"investor-releases","link":"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018\/","title":{"rendered":"PRESS RELEASE – EDILIZIACROBATICA ADMITTED TO NEGOTIATIONS ON THE AIM ITALY MARKET 15.11.2018"},"content":{"rendered":"

THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR
\nINDIRECTLY, BY OR IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
\nWHERE SUCH PUBLICATION, DISTRIBUTION AND\/OR USE WOULD VIOLATE THE LAWS OF THAT
\nJURISDICTION.
\nThis document does not constitute an offer prospectus or an admission document. This document does not
\nconstitute, and shall not be construed as, an offer to the public for subscription, purchase, sale, or
\nexchange, nor an invitation to make an offer for subscription, purchase, sale or exchange, of securities. This
\ndocument and the information contained herein have been prepared for information purposes only and
\nare in no way intended to constitute investment advice or a recommendation for investment in financial
\ninstruments. Potential investors must not subscribe and\/or purchase the financial instruments covered by
\nthis document based on the information contained herein. There will be no offer of financial instruments to
\nthe public either in Italy or in any other country. Any private placement of the Company’s shares will be
\nmade in the context of the admission of the Company’s shares to AIM Italia, exclusively under the
\nexemption from the application of the laws and regulations on public offering and therefore the offer of
\nthe shares has not been and will not be subject to the approval of CONSOB or any other competent
\nauthority in Italy or abroad in accordance with the applicable regulations. No prospectus or other
\nequivalent information document will be published in connection with the admission of the Company’s
\nshares to AIM Italia.
\nEDILIZIACROBATICA ADMITTED TO TRADING ON THE AIM ITALIA MARKET
\n\u2022 SUCCESSFULLY COMPLETED THE PLACEMENT OF 1,725,300 EDAC ORDINARY SHARES.
\n\u2022 NEGOTIATIONS ARE SCHEDULED TO START ON 19 NOVEMBER 2018.
\nMilan, November 15, 2018 – EdiliziAcrobatica S.p.A., a company specialized in safety double rope
\nconstruction works, such as maintenance and renovation of buildings and other architectural structures,
\nannounces that today Borsa Italiana S.p.A. has issued the Notice concerning the admission to trading of
\nEDAC ordinary shares on the AIM Italia – Mercato Alternativo del Capital market, organized and managed
\nby Borsa Italiana S.p.A..
\nThe admission to listing took place following the placement of 1,725,300 ordinary shares, all newly issued:
\ni. 1,499,850 ordinary shares resulting from the capital increase reserved for the market;
\nii. 75,600 ordinary shares resulting from the share capital increase reserved for employees and directors;
\niii. 149,850 ordinary shares, corresponding to approximately 8.7% of the offer, deriving from the greenshoe
\ncapital increase.
\nIn addition, no. 431,332 warrants have been assigned free of charge to investors (including employees and
\ndirectors), so warrant holders will have the right to subscribe in 3 exercise periods (September 2019,
\nSeptember 2020 and September 2021) the compendium shares, in the ratio of one compendium share for
\neach warrant held, at an exercise price equal to the IPO price, increased by 10% on an annual basis.
\nThe Company, in agreement with the Global Coordinator, Banca Profilo S.p.A., in consideration of the
\nquantity and characteristics of the expressions of interest received during the placement and in order to
\nfavour a composition of the book characterised by the presence of high standing investors, determined the
\nprice of ordinary shares reserved for the market at Euro 3.33 per share and the price of ordinary shares
\nreserved for employees and directors at Euro 3 per share.
\nThe value of the placement, including the shares from the greenshoe option, is Euro 5,720,301 (of which
\nEuro 499,001 of Greenshoe option at the placement price). As part of the transaction, an “adjustment”
\nmechanism is also provided for if the Group does not achieve a certain consolidated profitability target in
\nterms of EBITDA in the year ended 31 December 2018 (the so-called Price Adjustment Shares). For further
\ninformation on the Price Adjustment Shares, please refer to the admission document which will be
\npublished today on the Company’s website www.ediliziacrobatica.com.
\nThe post-marketing capital of the Company consists of 7,725,300 shares with no par value, of which
\n6,525,300 ordinary shares and 1,200,000 unlisted Price Adjustment Shares. Based on the offer price, the
\nCompany’s capitalisation is approximately Euro 25.7 million (including PAS shares). The free float is equal to
\n23.5% of the Company’s share capital (excluding the Price Adjustment Shares) of the Issuer (25.3%
\nassuming full exercise of the greenshoe option and excluding the Price Adjustment Shares).
\nThe trading start date is expected to be 19 November 2018. On the same day the settlement of the shares
\nassigned as part of the placement is set.
\nRiccardo Iovino, EDAC’s CEO, commented: “It is a great satisfaction for us to have completed the listing on
\nthe Stock Exchange at such a delicate historical moment for the markets. Since the day I started
\nEdiliziAcrobatica, now more than 24 years ago, I have chosen to take different, often counterintuitive paths.
\nThe uniqueness of EdiliziAcrobatica is not only a question of know-how, but it is mainly a question of
\nmentality: working at height every day has widened our vision of things, for us there are no obstacles, there
\nare only great opportunities, like the one that today leads us to enter the AIM segment of Borsa Italiana”.
\nIn the listing process EDAC is assisted by Banca Profilo (Nominated Adviser and Global Coordinator),
\nEMINTAD ITALY (Financial Advisor), LCA Studio Legale (Legal Advisor of the Issuer), Pedersoli Studio Legale
\n(Legal Advisor of Banca Profilo), Deloitte (auditing firm), Studio Tributario e Societario Deloitte (Tax Advisor)
\nIccrea Banca Impresa (Co-lead manager) and ADB (financial advisor).
\nThe Admission Document is available at the Company’s registered office and in the Investor relations
\nsection of the website www.ediliziacrobatica.com. Please note that, for the dissemination of Regulated
\nInformation, the Company uses the 1INFO-SDIR circuit managed by Computershare.
\nIdentification codes The following identification codes have been assigned:
\nAlphanumeric code ordinary shares: EDAC
\nISIN code ordinary shares: IT0005351504
\nAlphanumeric code warrant: WEDAC
\nISIN warrant code: IT00053514705- PRESS RELEASE – EDILIZIACROBATICA ADMITTED TO NEGOTIATIONS ON THE AIM ITALY MARKET 15.11.2018<\/a>CONTATTI
\nPress Office EdiliziAcrobatica S.p.A.
\nDeborah Dirani
\nufficiostampa@ediliziacrobatica.com
\nMob: 393 8911364<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-1832045","investor-releases","type-investor-releases","status-publish"],"acf":[],"yoast_head":"\nPRESS RELEASE - EDILIZIACROBATICA ADMITTED TO NEGOTIATIONS ON THE AIM ITALY MARKET 15.11.2018 - EdiliziAcrobatica<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRESS RELEASE - EDILIZIACROBATICA ADMITTED TO NEGOTIATIONS ON THE AIM ITALY MARKET 15.11.2018 - EdiliziAcrobatica\" \/>\n<meta property=\"og:description\" content=\"THIS DOCUMENT MAY NOT BE PUBLISHED, DISTRIBUTED, USED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY OR IN THE...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EdiliziAcrobatica\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ediliziacrobatica.com\/app\/uploads\/2021\/06\/cropped-logo-ea.png\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018\/\",\"url\":\"https:\/\/ediliziacrobatica.com\/en\/comunicati-stampa\/press-release-ediliziacrobatica-admitted-to-negotiations-on-the-aim-italy-market-15-11-2018\/\",\"name\":\"PRESS RELEASE - 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