(Alliance News) - Revo Insurance Spa on Friday announced the provisional results of the partial voluntary tender offer launched by the company, whose acceptance period began on May 22 and ended on June 9.

The offer was for a maximum of 700,000 treasury shares, or 2.76 percent of the entire share capital, and based on the provisional results released by the intermediary in charge of the collection, Equita SIM Spa, 4.0 million shares, or 15.94 percent of the entire share capital and 576.75 percent of the maximum amount of shares covered by the offer, were received in acceptance.

Taking into account the provisional results of the offer, the provisional allotment ratio is 17.34 percent, and the surplus shares as a result of the allotment, the company explains, will be made available again to adherents on June 14, 2023.

Revo Insurance's stock trades up 0.7 percent at EUR8.90 per share.

By Chiara Bruschi, Alliance News reporter

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