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    CLA   IT0005091324

CLABO S.P.A.

(CLA)
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12 Giugno 2018 Clabo: informativa sull'acquisto di azioni proprie

06/12/2018 | 05:13am EDT

CLABO: the Chinese affiliate Easy Best achieves the qualification of "certified" supplier by Starbucks

Jesi (AN), June 12th 2018

Clabo S.p.A., worldwide leading company in the sectors of professional display cabinets for ice cream parlours, pastry shops, bars, cafès and hotels, listed on AIM Italia Exchange Market, organized and run by Borsa Italiana S.p.A., informs that the Chinese affiliate Qingdao Clabo easy Best Ltd. has achieved the qualification od "certified" supplier by Starbucks Corporation (#SBUX; NYSE).

The Chinese affiliate is now included in the list of the potential supplier of Starbucks for the refrigerated showcases, that are installed in the 28.000+ cafeterias of the US chain.

The Clabo s.p.a. Executive President, Pierluigi Bocchini, has stated: "we're very excited for the certification by Starbucks. We've been working with their Asian team since more than one year and being now included in the certified supplier list of the US giant disclose to us very interesting perspectives. At the moment, we're not able to confirm what would be the next step in terms of development of the commercial partnership, but I'm quite convinced that all the efforts we've done until now will bring us a solid result shortly. Anyway, we're now talking with the Asian branch of Starbucks and probably we'll start from Asia the sales development of the new product."

The Company furthermore reminds that on 4th June 2018 has began the Third Exercise Period of the "Warrant Clabo 2015-2019" (or "Warrant"), code ISIN IT0005091340, and it will terminate on 15th June 2018, the last deadline for the Exercise Period as foreseen by the Warrant Regulation.

As it is foreseen by Article 3 of the Warrant Regulation, the Warrant Clabo 2015-2019 enable the purchase of Clabo shares with a specific ratio of 1 Conversion Share for each owned Warrant during the Exercise Period 04/06/2018 - 15/06/2018 (both first and last days included) at a single stock price of € 3,24.

The purchase requests can be forwarded on any bank working day during the Exercise Period and must be forwarded to the broker for Monte Titoli S.p.A. where the Warrants are registered.

The Conversion Shares will be issued and delivered starting from 25th June 2018 or within 29th June 2018. The confirmation of the Share Capital change will be deposited at the competent Companies Registry in the area of Ancona within the deadlines foreseen by the law.

The Warrant Regulation is available on the company's website in the section Investor Relations > warrant.

The following press release is available on the website www.clabo.it.

www.clabo.it

Clabo SpA, incorporated in 1958 is the worldwide leading company in the catering furnishings business, specialized in manufacturing and marketing of professional display cases for ice-cream parlors, patisseries, bars, cafes and hotels. Nestlé, Häagen-Dazs, Puro Gusto, Venchi, Eataly, the Apple campus and the Walt Disney parks are among the main customers. With over 20 patents related to storing technologies and the "cold chain", Clabo offers a range of products in excess of 1,100 models characterized by refinement in design and technology, available in several versions thanks to the multiple combinations of fittings, accessories and colors. The company, which operates on the market with the brands Orion, FB, Artic, Bocchini and Easy Best, makes over 65% of its turnover abroad in about 95 countries and is present in China, Germany, the United States and Brazil. Clabo has a precise growth strategy based on three pillars: the opening of new production facilities in Asia and North America, the expansion of existing commercial branches and the opening of new ones in South East Asia, in the Arabian peninsula and in the main markets Europeans. Clabo has been listed on the AIM Italia market since March 2015.

Contacts

Clabo

IR Top Consulting

EnVent Capital Markets

Banca Finnat Euramerica

Emittente

Investor Relations

NomAd

Specialist

Via dell'Industria, 15

Via C. Cantù, 1

Italian Branch - Via Barberini, 95

Piazza del Gesù, 49

60035 Jesi (AN)

20123 Milano (MI)

00187 Roma (RM)

00186 Roma (RM)

Tel. +39 0731 61531

Tel. +39 02 4547 3883/4

Tel. +39 06 89684115

Tel: +39 06 6993 3446

Paolo Bracceschi

Floriana Vitale

Paolo Verna

Lorenzo Scimia

pbracceschi@clabo.it

ir@irtop.com

pverna@enventcapitalmarkets.uk

l.scimia@finnat.it

www.clabo.it

Disclaimer

CLABO S.p.A. published this content on 12 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 June 2018 09:12:04 UTC


© Publicnow 2018
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Financials
Sales 2020 37,5 M 43,6 M 43,6 M
Net income 2020 -10,3 M -11,9 M -11,9 M
Net Debt 2020 38,3 M 44,5 M 44,5 M
P/E ratio 2020 -0,65x
Yield 2020 -
Capitalization 23,2 M 26,9 M 26,9 M
EV / Sales 2019 0,77x
EV / Sales 2020 1,20x
Nbr of Employees 350
Free-Float 37,7%
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Managers and Directors
Pierluigi Bocchini Chairman & Co-Chief Executive Officer
Mario Elio Ravallese Co-Chief Executive Officer & Director
Roberto Giuliotti Operations Director
Stefano Marasca Independent Director
Alessandro Bocchini Vice Chairman
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