CONVERSION OF GROWTH SHARES INTO ORDINARY SHARES
Following the finalization of change of control of Isagro on May 14, 2021 (for further details, please see here), the Board of Directors of Isagro S.p.A. has ascertained that an event occurred which, pursuant to Article 7 of the By-Laws, determined the automatic conversion of “Growth Shares” into Ordinary Shares in the ratio 1:1. The conversion took place on May 27, 2021.
The Ordinary Shares coming from the conversion of Growth Shares were assigned effective on May 27, 2021 to those entitled, in the ratio of one Ordinary Share for each Growth Share owned. On the same date Growth Shares were revoked from listing on the MTA (Star segment of Borsa Italiana). Following the assignment of the Shares, the capital stock of Isagro, equal to Euro 24,961,207.65 is composed by no. 38,724,879 Ordinary Shares without indication of the nominal value.
HISTORY OF GROWTH SHARES
WHY GROWTH SHARES
The aim of Growth Shares is the promotion and the development of Italian companies, thus enabling the collection of additional financial resources, while maintaining a stable ownership structure
Growth Shares are an innovative category of shares that permit to finance company growth.
For the Entrepreneur
Growth Shares enable the entrepreneur to implement development projects without losing control over the company.
For the Market
Growth Shares enable the Market to invest in companies with innovative medium/long term industrial projects and to benefit from favorable conditions (among which, the automatic conversion into ordinary shares in any event of loss of control or mandatory takeover bid).
GROWTH SHARES FEATURES
Automatic conversion into Ordinary Shares, in the ratio 1:1, in any event of loss of control or mandatory takeover bid
Absence of voting right