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Zucchi announces a capital increase of up to 20,5 million euros and the stock leaps

Zucchi's capital increase of up to 20,5 million euros will start on November 25th and will end on December 12th. The company announced it after having received the authorization from Consob. The stock buys more than 9 percentage points on the Stock Exchange.

Zucchi announces a capital increase of up to 20,5 million euros and the stock leaps

Zucchi announces a capital increase of up to 20,5 million euros starting from 25 November until 12 December. This is what is learned in a note from the company relating to Consob's authorization to publish the information prospectus of the operation.

The option rights will be tradable on the stock exchange until 5 December. The option increase to shareholders provides for the issue of a maximum of 284.740.112 ordinary shares at a price of 0,072 euro at the rate of 8 new shares for every 5 ordinary or savings shares held.

As already known, the majority shareholder Gianluigi Buffon (directly and through GB Holding) has undertaken, in relation to the part under option, in addition to subscribing the share of his competence, to guarantee any unopted shares.

The capital increase is part of a broader financial rebalancing operation which also provides for an increase reserved for the lending banks for approximately 4,8 million euros through the issue of 67.486.109 at a price of 0,216 euros, of which 0,072 as share capital and the difference as non-recurring income of a financial nature.

In the mid-morning in Piazza Affari, Zucchi's stock is booming: +9,2%.

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