Ronco Scrivia (GE), 28 July 2022 – Racing Force S.p.A., parent company of Racing Force Group (“Racing Force” or the “Company”), a world leader in the motorsport safety equipment sector, listed on the Euronext Growth Milan market, announces that the Board of Directors, which met yesterday, resolved to initiate the necessary procedures to assess the project for admission to trading of its shares – as dual listing – also on the Euronext Growth Paris market, organised and managed by Euronext Paris.
“Racing Force is a company that was born in Italy and has developed all over the world – commented Paolo Delprato, President and CEO of Racing Force Group – We sell our products in 80 countries, our offices are spread over 3 continents, and we manage a very wide and extremely international network of stakeholders. Furthermore, the FIA, the regulatory body of the motorsport sector, is based in Paris, a city to which we are particularly attached. This is why, almost a year after listing on the Italian market, we also want to evaluate the opportunity to offer our shares on the French market. The dual listing will grant us even greater visibility and prestige at an international level and will enable us to accelerate the Group’s future development plans.”
As the shares of the Company are already traded on Euronext Growth Milan – i.e. a market which, according to the Euronext Growth Markets Rule Book, the regulation applicable to the Euronext Growth Paris market (the “Euronext Regulation”), falls within the so called “Eligible Markets” – the Company may avail itself of the direct admission procedure provided for by Chapter 3.1.1 (iii) of the Euronext Regulation.
Racing Force will be assisted by Emintad Italy as financial advisor, and by the French company TP ICAP Midcap which will act as Listing Sponsor advisor of the operation. The law firm LCA Studio Legale will take care of the legal aspects, while the communication activities will be handled by Barabino & Partners.
The dual listing project is subject to approval by the Company’s competent corporate bodies, which will be convened in the forthcoming period to approve the project, its terms, timing, and structure.
For the purposes thereof, in the meeting held yesterday, the board of directors resolved to convene the shareholders’ meeting.