(Alliance News) - Reply Spa has announced that Alika Srl has completed the sale of 1 million shares, corresponding to approximately 2.7 percent of the related share capital, at a price per share of EUR149.50.
Following the completion of the transaction, Alika will retain ownership of approximately 13.9 million Reply shares, representing 37.1 percent of the related share capital and 54.1 percent of the voting rights.
The company also announced that Alika has entered into a lock-up commitment related to the Reply shares that will remain its property upon completion of the transaction for the duration of 180 days.
By Claudia Cavaliere, Alliance News reporter
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