Inactive Instrument

Solid World Spa

IT0005497893

SolidWorld resolves capital increase of up to EUR2.3 million

June 11, 2024 at 02:02 am EDT

(Alliance News) - SolidWorld Group Spa announced Monday that the board of directors, has approved a capital increase by option, in execution of the residual proxy granted by the extraordinary shareholders' meeting of April 27, 2023.

The increase, including share premium, will take place by issuing a maximum of 811,250 new ordinary shares at EUR2.8 each and a maximum of EUR2.3 million.

The company specified that the capital increase will be allocated by the company for one part to the expansion of the production space of SolidFactory Srl, a subsidiary specializing in the design and manufacture of entire lines of high-efficiency, state-of-the-art photovoltaic panels, and for another part it will enable the creation of a cellular analysis laboratory, thus allowing the company to no longer turn to external facilities for testing activities.

Controlling shareholders Prime Srl and AL.CA Srl, which can be traced back to Roberto Rizzo, pesident of the board of directors, and Marco Calini, board member, respectively, have informed the company of their commitment to guarantee the subscription of the entirety of any unopted rights remaining after the unopted rights auction has taken place, in proportion to their shareholding in the share capital.

SolidWorld Group closed Monday in the red by 0.6 percent at EUR3.25 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

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