GAMBERO ROSSO SPA SHARES LISTED ON AIM ITALY ON THE ITALIAN STOCK EXCHANGE. 4,449,000 SHARES HAVE BEEN SOLD AT 1.60 EUROS FOR A TOTAL OF 7.1 MILLION. TRADING STARTED ON NOVEMBER 23RD

The Italian Stock Exchange listed Gambero Rosso SpA on AIM Italy, the Alternative Capital Market for small and medium-sized Italian companies with high growth potential, organized and managed by Borsa Italiana. This was communicated by the Gambero Rosso, stating that negotiations would begin November 23rd, while the total deposits was 7.1 million euros, equal to a market capitalization of 23 million euros. The placement, said Gambero Rosso, involved issuing 4.449.000 common shares at the price of 1.60 euros each, for a total value of funds raised through the operation entirely for capital increase, as mentioned, of 7.1 million euros. The flotation of the Company post-listing will be equal to 30.06% of the capital share.
“This is a historic result”, said the president of Gambero Rosso, Paolo Cuccia, “for our company, as it prepares to celebrate its thirtieth anniversary. Our goal of capital increase was 7.000.000”, stressed Cuccia, “and we achieved it despite the difficult market conditions and the overall international situation that in recent months have forced major companies to withdraw from listing. The funds collected by leading national and international investors - but also from a number of investors fans - are intended to finance the growth of all Gambero Rosso’s areas of activity”.
Info:www.gamberorosso.it