(Alliance News) - Saccheria F.lli Franceschetti Spa announced Thursday that the greenshoe option in the capital increase, granted by the company during the placement of its ordinary shares, for a total of 159,000 ordinary shares has been exercised in full.

The greenshoe option is part of the agreements signed between the company and Integrae SIM Spa as part of the IPO transaction.

The reference price of the shares covered by the greenshoe option is EUR1.25 per share, corresponding to the price established as part of the placement of ordinary shares of Saccheria F.lli Franceschetti, for a total value of EUR198,750.00.

Admission to listing followed the placement of 1.6 million ordinary shares for a countervalue, including ordinary shares from the exercise of the greenshoe option, of approximately EUR2.0 million.

Saccheria F.lli Franceschetti on Friday closed 1.3 percent in the red at EUR1.88 per share.

By Claudia Cavaliere, Alliance News reporter

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