IDNTT, agreement to purchase shares equal to 4 percent of share capital

(Alliance News) - IDNTT SA, MarTech Content Factory active in omnichannel content production, on Monday announced the expansion of its shareholder base with the entry of two leading institutional investors into the company's share capital following the purchase of 305,000 shares -- about 4 percent of the capital --, including 265,000 from President and CEO Christian Traviglia and 40,000 from partner Umanware Srl.

The purchase transaction took place off-market at an agreed price per share of EUR3.40. The transaction enriches the shareholder base with the participation of relevant market participants as well as further increases the free float from 30.65 percent to 34.72 percent.

IDNTT trades at par at EUR3.41 per share.

By Claudia Cavaliere, Alliance News reporter

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