Digital Magics, business incubator listed on the AIM Italia market of Borsa Italiana, announces that, with reference to the capital increase under option today, Drums Investment Partners (relative majority shareholder with approximately 18% of the capital of Digital Magics SpA) announced that it had subscribed the capital increase under option for approximately 900 thousand euros and that it had exercised the pre-emption right on any unopted shares up to a maximum of 1 million euros.
The paid option capital increase will involve the issue of a maximum of no. 1.232.459 ordinary shares of Digital Magics, with no par value, having the same characteristics as the shares in circulation, with regular entitlement, for a total maximum value of Euro 4.972.972,07. The unit subscription price was set at 4,035 euro (inclusive of premium) while the option ratio in n. 1 new ordinary share for every no. 4 shares owned. The option and pre-emption offer period runs from 13 February 2017 to 3 March 2017, however, it is possible to trade the option rights on the market from 13 February 2017 to 27 February 2017.
Again with reference to the rights issue, Multiversity SpA – Danilo Iervolino's holding company which controls Universitas Mercatorum and Pegaso Telematic University – undertook, through the purchase of option rights from some shareholders, tt. Furthermore, the Board of Directors of Digital Magics completes the obligations regarding the contribution in kind of 35% of Withfounders.
