Purchased 94.1% of the total, aiming for 95% for July 22, raising the offer from 0.43 to 0.45 to exit the stock market
Last call. The appeal, however, this time does not stop at words, because Rome puts money on the plate and a great desire for new projects. The public tender offer (takeover bid) that should have been concluded tomorrow, in fact, will continue until 22 July, but with a great novelty: the value of the shares will go from 0.43 to 0.45 euros. An important investment, which will also be worth for those who have already sold their titles to the ownership of the Giallorossi club. All this because today, at the close of the stock exchange, the roundup of shares reached about 94.1%. In general, the parent company has so far purchased approximately 48 million shares, 5.9 million would remain to be had.
Thus the property had three ways in front of it: 1) risk everything for everything by focusing on tomorrow’s day; 2) prepare for Plan B, ie center the delisting with a new recapitalization (but canceling the “loyalty program” that was associated); 3) raise, increasing the value of the stock. This last path was chosen, precisely in order not to penalize all the shareholders who trusted the Friedkin choice. In general, it was the “smallest” people who embraced the company’s project, while not all those who hold a larger package of securities joined the takeover bid. With this move, the investment of the property for the exit from the Stock Exchange rises to 38.5 million. But the message filtering from Rome is clear: this will be the last relaunch. Otherwise Plan B will start, ie “delisting” but without a “loyalty program”. And for those who have already joined it would be a real shame.
July 14 – 19:21
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