Exor leaves the Milan Stock Exchange to move to that of Amsterdam. This was announced today by the holding company headed by the Agnelli-Elkann family. The board approved the transfer of the listing to "align the company's listing exchange with the legal structure of a Dutch holding company," reads a note. The move however, it does not involve the subsidiaries (from Stellantis to Ferrari, from CNH to Iveco and Juventus).
From the operation Exor will exit with a simplified organizational structure, because the company will be subject to the supervision of only one national regulatory body: the Ducth Authority for the Financial Markets (AFM).
Furthermore, the holding specifies that "the transfer is subject to the approval of the listing prospectus by the AFM and the admission to listing and trading of the securities by Euronext Amsterdam".
Exor expects listing on the Amsterdam Stock Exchange to begin around mid-August. Once admission to listing and trading of shares on Euronext Amsterdam has been obtained, the company will request the delisting of its ordinary shares from Euronext Milan, which will take place no earlier than 45 days, pursuant to Borsa Italiana regulations.
During the delisting process, Exor's ordinary shares will continue to be listed on Euronext Milano as well as Euronext Amsterdam.
Exor also announces its intention to continue the execution of its buyback program of ordinary shares already announced on 8 March 2022, with a second tranche for an amount of up to 250 million euro to be executed on Euronext Amsterdam and Euronext Milano.
