The Ministry of the Economy and Finance and ENAV S.p.A announce completion of the Global Offering of ENAV's ordinary shares for the listing on the Mercato Telematico Azionario ("MTA") organized and managed by Borsa Italiana S.p.A..
The Global Offering offered up to 230 million ordinary shares, representing 42.5% of the Company's share capital (46.6% of the Company's share capital if the Greenshoe Option is exercised in full). The Global Offering included a public offering in Italy to retail investors and to the employees of the ENAV Group for a minimum of 23 million shares, representing 10% of the shares offered in the Global Offering, as well as a concurrent institutional offering.
The first day of trading of the Company's ordinary shares is expected to be July 26, 2016, subject to the relevant authorization by Borsa Italiana.
Further information about offering details:
Press Release N° 132 of 07/21/2016