2023-06-12 15:26:05
(Alliance News) – Revo Insurance Spa on Friday announced the provisional results of the partial voluntary tender offer launched by the company, the acceptance period of which began on May 22 and ended on June 9.
The offer related to a maximum of 700,000 treasury shares, i.e. 2.76% of the total share capital and, according to the provisional results communicated by the intermediary in charge of collection, Equita SIM Spa, 4.0 million shares , or 15.94% of the total share capital and 576.75% of the maximum number of shares subject to the offer, have been received in acceptance.
Given the provisional results of the offering, the provisional allotment ratio is 17.34%, and the shares in excess of the allotment, the company explains, will be made available to participants on June 14, 2023.
Revo Insurance shares are trading up 0.7% at 8.90 euros per share.
By Chiara Bruschi, journalist at Alliance News
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