Rcs leaps by 9,94% to 1,693 euros per share. The stock, suspended upwards, runs on the day of the meeting of the syndicate pact, which controls approximately 58% of the capital, which will take stock of the actions to be implemented to meet the group's economic needs. Also on the table is the possibility of a capital increase of 400 million while the option of a convertible bond to reduce the shareholder's effort comes forward. In the meantime, the wait is for the work of the new CEO Pietro Scott Jovane who is preparing the industrial plan. Yesterday the stock lost 14,4% but is back from the August rally (+206% approximately in one month) which started from 0,54 euro.
Who is buying? Having said that the surge in prices can be explained by an extremely low free float, the wave of purchases on the stock has been attributed to the activity of day traders. In reality, even the strong hands were moving on the stock. Outside the pact, Diego Della Valle is in fact already moving his pawns. The owner of Tod's rose to 8,695% from 4,9% becoming the second shareholder behind Giuseppe Rotelli (at 16%) of the publishing house that edits Corriere della Sera. “I've always thought that newspaper needs an editor, not a group of editors. The fact that Della Valle buys means that he has the courage of his opinions and has the means of his courage. I can only compliment him, because he does what he says,” Mediobanca director Tarak Ben Ammar said yesterday. Instead, he categorically denied having made purchases on the Giuseppe Rotelli stock. Contrary to some rumors, "we categorically deny that Professor Giuseppe Rotelli has neither directly nor indirectly made any purchase of ordinary shares of RCS MediaGroup since the last communication in the month of April. As is known, it is also communicated that since Professor Rotelli is a member of the RCS board of directors, he should have declared it to the market ”, a spokesman said in recent days. As well as the Benettons, the third major shareholder outside the pact. According to emrso, Edizione remained unchanged at 5,1%.
But the extremely small free float requires that for a further change in the structure of the shareholdings it passes through the sale of shares by the block shareholders, which in any case must first be offered to the other pact holders. Thus we look at the fate of the shares held by Finsoe (5%), deriving from the Fonsai operation. The CEO of Unipol (of which Finsoe is a shareholder with approximately 34%) Carlo Cimbri has stalled for now and has decided not to appoint any representative for today's meeting of the pact to replace Massimo Pini, the representative for Fonsai who recently passed away.
