Borsa Italiana has officially approved the admission to listing of the ordinary shares of Terni Green on the Aim Italia starting next November 10th. The company, controlled by the Terni Reserach group, is active in the environmental sector, in the recovery of materials and energy and in technology transfer.
On the first trading day in the opening pre-auction, orders without price limit will not be allowed. The placement was carried out through a capital increase, with the issue of 4,8 million shares, fully subscribed, for a countervalue of 4,08 million euro.
The placement price is equal to 0,85 euro per share. The CEO of the company, Stefano Neri, highlighted that "the listing is aimed at expanding the shareholding structure, raising the brand awareness and represents an initiative capable of allowing the company to benefit from an additional channel of financing for the development and expansion of the social activity and for investments”.
Last July the company carried out a capital increase of 12 million euros at the end of which Terni Reseach held 76,1%, Ivano Emili 4% and 25 other shareholders holdings of less than 3% for the remaining 19,9 %.
