Ronco Scrivia, 1 September 2022 – Racing Force S.p.A. (“Racing Force” or the “Company”), parent company of Racing Force Group, announces that the ordinary Shareholders’ Meeting of the Company, held today, in first call, has resolved the approval of the dual listing project that provides for the admission to trading of Racing Force’s shares also on the Euronext Growth Paris market, multilateral trading facility organized and managed by Euronext Paris S.A..
In any case, given the current situation of uncertainty in the markets, today Shareholders’ Meeting has referred to the Board of Directors of the Company, granting it all broader powers to such purpose, the final decision on whether to complete or postpone the dual listing, based on the actual market conditions that will be encountered on the date of admission to trading on Euronext Growth Paris.
Meanwhile, the Company is proceeding with the activities aimed at obtaining the admission to trading on Euronext Growth Paris decision by Euronext Paris S.A..
As of today’s date, the Company’s subscribed and paid-in share capital is equal to a nominal value of Euro 2,375,745.00, divided into 23,757,450 ordinary shares without specification of the nominal value. The financial instruments for which the admission to trading on Euronext Growth Paris has been requested are all the Company’s no. 23,757,450 ordinary shares.
By requesting the admission to trading of its shares on Euronext Growth Paris, the Company aims at increasing its attractiveness towards French and European investors and at rising the liquidity of its ordinary shares, enabling the Company both to gain more visibility and prestige at international level and to boost the Group’s development plans.
Depending on obtaining the admission to trading on Euronext Growth Paris decision, the dual listing is currently expected to be completed at the end of September 2022.
The minutes of the Shareholders’ Meeting will be made available to the public within the terms provided by law at the Company’s registered office and on the Company’s website, www.racingforce.com, in the “Investor Relations” section.