Inactive Instrument

Solid World Spa

IT0005497893

SolidWorld initiates accelerated bookbuilding procedure

February 26, 2024 at 12:18 pm EST

(Alliance News) - SolidWorld Group Spa on Monday announced that it has received notice from its shareholders Prime Srl and AL.CA Srl regarding the start of an accelerated bookbuilding procedure.

The ABB in question aims to increase the free float of the company's ordinary shares, resulting in the broadening and diversification of the shareholder base and facilitating the liquidity of the securities, SolidWorld explained in a note.

The company anticipates that the off-market placement can take place with Italian and foreign institutional and professional investors.

The price at which the shares will be sold will be agreed upon the closing of ABB's process.

Integrae SIM Spa is acting as sole bookrunner of the transaction.

SolidWorld's stock closed down 4.9 percent at EUR3.69 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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