THE EXTRAORDINARY MEETING OF DIGITAL MAGICS APPROVES A RESTRICTED SHARE CAPITAL INCREASE FOR EURO 1,450,000
With the subscription to the capital increase, Marco Gay now holds 5% of the share capital of Digital Magics S.p.A., through the vehicle WebWorking S.r.l.
Milan, 28 January 2016 – The meeting was held in Milan at the corporate offices, the Extraordinary Meeting of Shareholders of Digital Magics S.p.A., business incubator listed on AIM Italia of Italian Stock Exchange (symbol: DM).
The Extraordinary Meeting authorized, unanimously by those present, an increase in share capital for cash, for a maximum nominal amount of EUR 247,556.00 through the issue of a maximum of n. 247,556 new ordinary shares with dividend rights, for a total amount, including share premium, of Euro 1,450,000.
The capital increase is carried out with exclusion of subscription rights, pursuant to Article 2441, paragraph 4 sentence 1 and paragraph 5 of the Civil Code, as reserved for subscription to the company WebWorking S.r.l. (a company controlled by Marco Gay, recently appointed Vice President of Digital Magics) and to be paid partly in cash and partly through contributions in kind.
Consequently following the Extraordinary Meeting, the complete subscription of the share capital previously resolved has been finalised, with the payment of Euro 500,000 in cash and with the acts of the conferment of the business unit WebWorking S.r.l., relating to the design and consulting in the digital market, for a value of Euro 650,000, and the participation (20% stake) in AD2014 S.r.l., innovative startup active in the fields of Internet of Things, for a value of Euro 300,000.
The 247,556 new shares, which have a unit issue price of Euro 5.857, represent 5.02% of the new share capital of Digital Magics. Therefore, the new partner Marco Gay, exceeding the threshold of 5%, will be designated as a significant shareholder pursuant to AIM Italy Regulation.
Deposit Documentation
The documentation relating to the Meeting is published on the company’s website: www.digitalmagics.com
- The Minutes of the Extraordinary Meeting will be published online in the section Investor Relations/Meetings in accordance with law.
- This press release is online and can be found in the Investor Relations/Press Releases
Digital Magics, listed on AIM Italia (symbol: DM), is an incubator of digital projects that provides consulting services and acceleration services to startups and enterprises, to facilitate the development of new technological businesses. Thanks to the partnership with Talent Garden and Tamburi Investment Partners, Digital Magics has created the most important national platform for innovation for DIGITAL MADE IN ITALY, by offering services for the digital transformation and “Open Innovation†to excellent enterprises, while providing support to innovative startups to create successful projects, from conception to IPO. The incubation and acceleration services offered by Digital Magics are active in the TAG co-working campuses present throughout Italy. Complementary services include investment activities, which have produced over the years a portfolio of 49 investments in startups, scaleups and digital spinoffs with high growth rates. Accelerated companies are flanked by Digital Magics LAB, a team of highly experienced business partners, and benefit not only from the large network of private and institutional investors that support them through “club deals”, but also from the many partner companies that support them on an industrial scale.
Integrae SIM acts as a Nomad and Specialist under the AIM Italia Issuers Regulations. For communication transmissions, Digital Magics makes use of the SDIR-NIS circuit, operated by BIt Market Services, a subsidiary of the London Stock Exchange Group
Digital Magics – Press Office
Giorgio Bocchieri – Mail: giorgio.bocchieri@digitalmagics.com
Tel. 02 52505202 – Mob. 334 6853078
SEC Public and Institutional Relations – Media Relations
Angelo Vitale – Mail: vitale@secrp.it
Tel. 02 6249923
IR Top – Investor Relations
Floriana Vitale – Mail: f.vitale@irtop.com
Domenico Gentile – Mail: d.gentile@irtop.com
Tel. 02 45473884
Integrae SIM – Nomad
Mail: info@integraesim.it
Tel. 02 78625300
