Brief: Gamma Intermediate Sets Price Of Lottomatica ABB at 10.90 EUR/Shr

Lottomatica SpA

19/03/2024 06:51

March 19 (Reuters) - Lottomatica Group SpA  LTMC.MI :
    * SALE OF 20 MILLION LOTTOMATICA SHARES REPRESENTING C. 7.9% OF
LOTTOMATICA’S
SHARE CAPITAL THROUGH AN  ACCELERATED BOOKBUILD OFFERING
    * TOTAL GROSS PROCEEDS OF €218 M FOR GAMMA INTERMEDIATE FROM PLACEMENT
    * SALE PRICE OF THE PLACEMENT DETERMINED IN THE ACCELERATED  BOOKBUILD
OFFERING TO
INSTITUTIONAL INVESTORS WAS SET AT €10.90 PER SHARE
    * GAMMA INTERMEDIATE AGREED TO 60-DAY LOCK-UP FOR ITS REMAINING SHARES IN
LOTTOMATICA, SUBJECT TO WAIVER FROM JOINT GLOBAL COORDINATORS
    * GAMMA INTERMEDIATE RETAINS STAKE OF ABOUT 57.4% OF LOTTOMATICA’S SHARE
CAPITAL
FOLLOWING COMPLETION OF PLACEMENT


Further company coverage:  LTMC.MI 

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