Technogym S p A : TGH completes the sale of 12.000.000 ordinary shares, equal to approximately 5,96% of the share capital, for a price of euro 10,81 per share
May 19, 2021 at 03:40 am EDT
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Cesena (Italy), 19th May 2021 - Following the press release dated May 18th 2021, TGH S.r.l. ('TGH'), announces the successful completion of the sale of 12.000.000 of Technogym's (the
'Company') ordinary shares, equal to approximately 5,96% of the Company's share capital,
for a price per share of Euro 10,81 and a total amount of Euro 129,7 million.
The transaction has been carried out through an accelerated book building procedure reserved to qualified investors in Italy and institutional investors abroad. The settlement of the transaction (delivery of the shares and payment of the price) will take place on May 21st 2021.
Morgan Stanley & Co. International plc has acted as Sole Bookrunner of the transaction.
Following the completion of the placement, TGH holds no. 68.000.000 ordinary shares of the
Company, equal to 33,78% of the Company share capital, representing no. 136.000.000 of
voting rights that represent the 50,5% of the total voting rights.
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Technogym S.p.A. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 07:39:05 UTC.
Technogym SpA is an Italy-based company engaged in the recreational products industry. The Company manufactures fitness equipment. It designs and manufactures fitness equipment for private individuals, corporations, fitness centres, hotels and spas and medical centres. The Company's products offer include treadmills, exercise bikes, cross trainers, circuit training, core exercises equipment, fitness accessories, gym benches, kinesis, legs exercises equipment, multi gyms, plate loaded equipment, software and hardware, steppers, stretching machines, upper body equipment and weights, dumbbells and bars for cardiovascular training, group fitness, resistance and functional training and strength training, among others.
Technogym S p A : TGH completes the sale of 12.000.000 ordinary shares, equal to approximately 5,96% of the share capital, for a price of euro 10,81 per share