(Alliance News) - EuroGroup Laminations Spa announced on Friday that JPMorgan SE has announced the partial exercise of the Greenshoe purchase option granted by Euro Management Services Spa, Delorean Partecipazioni Spa, T2 Eltif Energy Transition Fund and T2 Energy Transition Fund for crica 3.0 million ordinary shares out of the maximum 7.1 million ordinary shares covered by the option.

Therefore, this will result in crica 4.2 million common shares being returned to the selling shareholders under the over-allotment.

The purchase price of the ordinary shares covered by the Greenshoe option is EUR5.5 per ordinary share, corresponding to the offer price set as part of the offer, for a total consideration of EUR16.3 million.

Payment for the shares is scheduled for March 14, 2023.

Following the exercise of the greenshoe option under the terms stated above, the offer covered a total of 74.3 million ordinary shares with a total countervalue of EUR408.9 million.

In addition, the company, based on JPM's disclosure as the entity in charge of stabilization activities in the context of the listing of EuroGroup's ordinary shares, "announces that JPM has carried out stabilization operations of the market abuse settlement" and purchased 4.2 million ordinary shares between February 10 and March 10.

EuroGroup Laminations is down 4.3 percent to EUR5.32 per share.

By Chiara Bruschi, Alliance News reporter

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