Hydra SpA, holding company which owns a majority stake in Datalogic SpA(listed on FTSE STAR Italia), increases its stake in Finlogic from 2.87% (bought during the IPO) to 10.28%, by acquiring additional 500.000 shares for €1.8mln, i.e. € 3.60 per share.
Hydra SpA bought the share from Finlogic (250.000) and Italcode Srl, company owned by Mr. Vincenzo Battista, main Finlogic shareholder (250.000).
As of today, Hydra SpA owns 694.000 shares and 194.000 warrants.
In line with the agreement signed by Finlogic and Italcode for the IPO, Hydra SpA will have a 24 months lock-up (ending on 9th June 2019) on both shares and warrants.
We are confident that this deal will have a positive impact on Finlogic, thanks to the potential industrial synergies that would be possible with Datalogic. In addition, by selling its own shares, Finlogic have additional €0.9mln that could be invested to enhance further its business.