Sitgroups confirms the landing on the MTA circuit of Borsa Italiana by the summer of this year. The Padua-based company, which specializes in safety systems for domestic gas systems, closed 2017 with revenues of 323,96 million euros, up 12,4% compared to the 288,14 million obtained in the previous year: currently listed on the AIM market of Piazza Affari, it therefore plans to switch to the MTA, according to what was established by the last Board of Directors of 6 April.
The Board of Directors also resolved to submit to the approval of the shareholders' meeting, which will be held on 26 April 2018, an amendment to the company's articles of association aimed, among other things, at the implementation of a Long Term Incentive plan which foresees the attraction, incentive and retention of some key employees also through the issue of new shares.
Sit Group has the headquarters in Padua and 8 plants worldwide: its business, for which it is one of the major European players, consists in developing and manufacturing devices for measuring consumption and systems for the safety, comfort and high efficiency of domestic gas systems.
