(Alliance News) - EdiliziAcrobatica Spa on Tuesday announced that it has resolved to increase its share capital, for cash, with the exclusion of pre-emptive rights for an amount of EUR218,436.43, including share premium, through the issue of 24,120 new ordinary shares, with no indication of par value, and with regular dividend rights, to be offered for subscription to Emintad Italy Srl.

The reserved capital increase pursues the purpose of consolidating and building loyalty in the relationship with Emintad, to date the holder of 10,198 ordinary shares in the company, as it is a strategic partner that has actively contributed in recent years to the Acrobatica Group's implementation of an ambitious path of domestic and international development through strategic acquisitions, according to the note released by EdiliziAcrobatica.

The board of directors set the issue price of the shares at EUR9.056, of which EUR8.956 was a share premium.

Emintad has fully subscribed for the reserved capital increase and will therefore become the holder of a total of 34,318 ordinary shares in the company, representing 0.4 percent of EdiliziAcrobatica's share capital.

EdiliziAcrobatica trades in the green by 1.9 percent at EUR8.74 per share.

By Claudia Cavaliere, Alliance News reporter

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