(Alliance News) - Dxor Investments Srl, a company wholly owned by Giovanni Di Pascale, announced Thursday that it has initiated the sale of up to 750,000 ordinary shares of Altea Green Power Spa, held directly by the company.

The shares for sale amount to 4.33 percent of the company's current share capital and will be placed through an accelerated bookbuilding procedure reserved for qualified investors in Italy and institutional investors abroad.

As stated in the circulated note, assuming full placement of the shares, at the end of the bookbuilding procedure, the participation of Dxor Investments, which confirms its intention to support Altea Green Power's growth project in the long term, will hold 58.77 percent of the share capital and the free float will exceed the threshold of 35 percent of the share capital, thus integrating one of the requirements for access to Euronext STAR Milan organized and managed by Borsa Italiana Spa.

Altea Green Power on Thursday closed 3.7 percent in the red at EUR7.37 per share.

By Claudia Cavaliere, Alliance News reporter

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