Technogym : Wellness Holding offers a maximum of 14,000,000 ordinary shares of Technogym Spa through an accelerated bookbuilding procedure reserved to institutional investors
April 08, 2019 at 03:58 pm EDT
Share
Cesena (Italy), April 8th - 2019 - Wellness Holding S.r.l. ('Wellness Holding') - the company holds at present the 51,74% of Technogym Spa's share capital (the 'Company'), has announced the offer of a maximum of 14,000,000 ordinary shares, equalling 6,96% of the Company's share capital, through an accelerated book building procedure reserved to qualified Italian investors and to foreign institutional investors.
Citigroup Global Market Limited acts as Sole Bookrunner of the operation.
The operation intends to meet investors' request for an increase in the floating capital and in the share liquidity; it will be started immediately and can be concluded at any time. Wellness Holding will communicate the outcome of the placement at the end of the operation.
Within the range of the operation and consistently with the market procedure for similar operations, Wellness Holding has undertaken a lock-up commitment towards the Sole Bookrunner with reference to the Company shares that will remain in their possession upon completion of the operation, for a period of 180 days, except cases envisaged by praxis for similar operations.
Attachments
Original document
Permalink
Disclaimer
Technogym S.p.A. published this content on 08 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 April 2019 19:57:03 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 : Wellness Holding offers a maximum of 14,000,000 ordinary shares of Technogym Spa through an accelerated bookbuilding procedure reserved to institutional investors