Following the Reverse Stock Split, the nominal share capital will remain unchanged, equal to € 22.500.000. The Reverse Stock Split will be carried out according to the applicable laws and regulations by Monte Titoli S.p.A. (legal name of Euronext Securities Milan) on the basis of the balances of the accounting day of 12 November 2024 (record date) through the custodian intermediaries.
In order to facilitate the Reverse Stock Split and the management of any resulting share fractions, Landi Renzo has appointed MiT SIM S.p.A. to act as the counterparty from 13 November 2024 to 15 November 2024, at the request of the custodian intermediaries concerned, for the purchase or sale of fractions of the new grouped shares missing or exceeding the minimum number necessary to allow shareholders to hold a whole number of shares, without prejudice to the information indicated below in relation to the ordinary shares with increased voting rights (the "Increased Voting Ordinary Shares") and the ordinary shares enrolled to obtain increased voting rights (the "Enrolled Ordinary Shares").
Such fractions will be liquidated, without additional costs, stamp duty or commissions, at the official price of Landi Renzo ordinary shares on 8 November 2024 (i.e., the last day of trading of the shares before the Reverse Stock Split); this price will be communicated to Monte Titoli S.p.A. and to the custodian intermediaries on 11 November 2024.
MiT SIM S.p.A. will also be available as counterparty, at the request of the custodian intermediaries, so that, according to the instructions that will be given to the custodian intermediaries through Monte Titoli S.p.A., the holders of less than 10 existing shares who request it are guaranteed to receive 1 new share against payment of the relevant value as determined above, it being understood that in the case of Increased Voting Ordinary Shares and Enrolled Ordinary Shares, the holders will receive 1 new ordinary share without increased voting rights.
Please note that the existing Increased Voting Ordinary Shares and Enrolled Ordinary Shares will be replaced, respectively, with new Increased Voting Ordinary Shares and Enrolled Ordinary Shares rounded down, it being understood that any fractions exceeding the minimum amount necessary to hold a whole number of shares will be considered as fractions of ordinary shares.
Landi Renzo is the global leader in the natural gas, biomethane and hydrogen sustainable mobility and infrastructure sector. The Group stands out for its extensive presence at global level in over 50 countries, generating nearly 90% of its revenues abroad. Landi Renzo S.p.A. has been listed on the Euronext STAR Milan segment of Borsa Italiana since June 2007.
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