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Breaking news, Research 13 Lug 2017

BREAKING NEWS 13.07.2017

  • 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.
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