(Teleborsa) – Trading on Enav's Piazza Affari is expected to start on Tuesday 26 July. This was announced by the managing director, Roberta Neri, on the sidelines of the presentation of the IPO started today in Milan aimed at listing on the Stock Exchange.
The offer, which will close on 21 July, will be implemented through an offer of company shares aimed at Italian savers, employees of the Enav Group and Italian and international investors by the Ministry of the Economy and Finance.
The one reserved for employees, which will close on 20 July, will concern a maximum quantity of 230 million ordinary shares, put up for sale by the Ministry of the Economy and Finance, corresponding to 42,5% of the company's share capital (the shares sold by the Ministry may reach 46,6% of the company's share capital in the event of full exercise of the greenshoe option) and will be carried out through a Public Offering in Italy aimed at the general public and employees of the ENAV Group and a simultaneous Institutional Placement.
Indicative Valuation Range of the Company's economic capital between a non-binding minimum of approximately Euro 1.571 million and a binding maximum for the Public Offering alone of approximately Euro 1.896 million, equal to a non-binding minimum of Euro 2,90 per Share and a binding maximum for the Public Offer only of Euro 3,50 per Share.
To journalists who asked her why the IPO had not been postponed after the effects of Brexit were postponed, Neri replied: "We had foreseen the Brexit event in our work plan and we have analyzed that, despite the context of volatility, this was the right moment, given the characteristics of stability of flows and the contained risk profile of our company, to go on the market”.
