Home Business Take Off: admitted on Euronext Growth Milan, debut on Thursday 25 November

Take Off: admitted on Euronext Growth Milan, debut on Thursday 25 November

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Take Off approaches Piazza Affari. The company, active in the retail trade of clothing and accessories for adults and children, present throughout the country with 143 stores, has announced that it has received the admission of its ordinary shares to trading on Euronext Growth Milan (formerly Aim Italia). The start of negotiations is set for next November 25th.

“The entry into the capital market represents an important step for our company, achieved thanks to the competence and dedication of the whole team. The listing on the stock exchange, thanks to the more than positive appreciation of the national and international financial community, will allow us to to further develop our business and to take root more and more throughout Italy, creating value for all our stakeholders “, said Aldo Piccarreta, president and CEO of Take Off.

The placement involved 3,124,800 newly issued ordinary shares deriving from the share capital increase reserved for the market, at a unit price set at 4 euros. The total value of the resources raised through the private placement amounts to 12.5 million euros. The offer was signed by 40 leading Italian and foreign institutional and professional investors; the placement generated an overall demand equal to 4 times the quantity offered deriving from 69 Italian and foreign institutional and professional investors. The market capitalization at the placement price will be € 62.5 million. The free float will be equal to 20% of the share capital.

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