La Scogliera S.p.A. launches the sale of up to 6,000,000 Banca IFIS S.p.A. ordinary shares

SDIR: AIOS

Inside information

Finance

3La Scogliera S.p.A. launches the sale of up to 6,000,000 Banca IFIS S.p.A. ordinary shares through an accelerated book built offering to institutional investors.

La Scogliera S.p.A. (“;La Scogliera”;), a company controlled by Sebastien Egon Furstenberg, founder and Chairman of the Board of Directors of Banca IFIS S.p.A. (“;Banca IFIS”;) has launched the sale of a maximum amount of 6,000,000 Banca IFIS ordinary shares (equal to 11% of Banca IFIS’s share capital) through an accelerated book built offering to institutional investors.

Intermonte SIM S.p.A. is acting as Sole Bookrunner for the placement.

The placement is intended to enhance the free float and the trading liquidity of Banca IFIS’s listed shares. Upon completion of the placement, La Scogliera – wich currently holds 67.8% of Banca IFIS’s share capital – will continue to retain the controlling shareholding in the bank.

The transaction will commence immediately and the books can be closed at any time.
La Scogliera will announce the outcome of the placement upon completion.

As part of the transaction and in line with market practice for placements of this nature, La Scogliera has agreed to a 90 or 180 days lock-up period depending on the number of the shares that will be sold in the context of the placement.

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