Tamburi Investment Partners announces that, following the exercise of 7.561.067 warrants, the same number of newly issued Tip ordinary shares have been subscribed at the price of five euros each. The transaction entails proceeds of 37,8 million euros for the company. The securities are admitted to listing on Borsa Italiana's electronic stock market.
“Following these subscriptions – reads a press release from the company – the share capital of Tamburi Investment Partners SpA is therefore equal to 89.441.421,68 euros represented by no. 172.002.734 ordinary shares with no par value. The outstanding outstanding Warrants are n. 12.741.768 as shown in the following table".
The exercise of the warrants "will take effect, and therefore the conversion shares will be issued, within the tenth trading day following the expiry of the fourth exercise period".
