TerniEnergia S.p.A. (“TerniEnergia” or the “Company“), a company operating in the renewable energy sector and listed on Mercato Telematico Azionario, organized and managed by Borsa Italiana S.p.A., announces that today it has completed the first stage of its share capital increase, which becomes effective since today. The amount of the Company’s share capital passes from Euro 12,410,000 to Euro 23,210,000 through the issuance of 3 million new ordinary shares at the price of Euro 3.60 per share (the “Placement Price”).
The total proceeds obtained from the placement – that was reserved to Italian qualified investors and foreign institutional investors, excluding investors in the United States of America, Australia, Japan and Canada (the “Institutional Placement”) – of the new shares, calculated on the basis of the Price of Placement, less the fees due to the Institutional Placement Underwriters, amount to approximately Euro 10.3 million.
The expenses borne for the Institutional Placement and the listing process of the new shares, with the exclusion of the fees due to the Institutional Placement Underwriters, amount to approximately Euro 0.9 million
