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DIGITAL MAGICS: FULL SUBSCRIPTION OF THE OFFER OF NO. 1,232,459 NEW ORDINARY SHARES FOR A TOTAL COUNTERVALUE OF EUR 4,972,972.07

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DIGITAL MAGICS: FULL SUBSCRIPTION OF THE OFFER OF NO. 1,232,459 NEW ORDINARY SHARES FOR A TOTAL COUNTERVALUE OF EUR 4,972,972.07

No. 81.473 new shares have been assigned under the proportional allotment mechanism to all those who have exercised their preemptive right; these shares add to the no. 1,150,986 shares, newly issued, on the occasion of the exercising of the option rights

The total countervalue of the request, adding the exercise of the option rights and the shares requested under pre-emption rights was equal to EUR 5,787,093.84

 

Milan, March 6, 2017 – Digital Magics SpA,  business incubator listed on AIM market of Italian Stock Exchange (symbol: DM) – with reference to the capital increase by option shares  approved by the Extraordinary Shareholders’ Meeting on January 31 2017, concerning total no. 1,232,459 ordinary shares of Digital Magics SpA, offered under option at EUR 4,035 – hereby announces that today,  in compliance with Article 2442, par. 3, of the Civil Code, a total of no. 81,473 shares have been allotted, under a right of preemption, for the amount of EUR 328,743.56.

In view of the definitive results, the capital increase is fully subscribed. The share capital of Digital Magics SpA shall amount to EUR 6,573,113, divided into 6,573,113 ordinary shares of no nominal value.

Subscription applications under pre-emption rights amounted to no. 283,238 shares, compared to an amount of unsubscribed shares equal to no. 81,473. Taking into account the results of the Offer, as announced to the market on March 3 2017, the total countervalue of the request, including all the requests under pre-emption rights, was equal to EUR 5,787,093.84 against a bid for EUR 4,972,972.07.

Since the unallocated shares have not been sufficient to satisfy all the applications received, the Issuer has carried out the assignment on the basis of a mechanism of proportional allotment to securities already owned by applicants, given that those subscribed as a result of the exercise of the option rights are also to be considered. The new shares allotted following the exercise of Pre-emption rights will be credited to the accounts of the intermediaries participating in the centralised management system run by Monte Titoli SpA at the end of this accounting day and will therefore be available by March 7 2017, as the next settlement day.

Tamburi Investment Partners SpA (TIP) has fully subscribed to its share of the capital increase by option shares for about 900,000 EUR and has exercised the right of first refusal on unsold shares up to a maximum of an additional one million EUR. Following the assignment by proportional allotment of unsold shares, TIP will own 1,193,045 shares, representing 18.15% of the new share capital.

Garage Start Up Srl – controlled by Multiversity SpA, a holding company that controls Danilo Iervolino Universitas Mercatorum and Pegaso Telematic University – has exerted no. 1,883,520 option rights, purchased by some members of Digital Magics S.p.A., by subscribing to the rights issue of € 1.9 million. Following the capital increase, Garage Start Up srl It will own 470,880 shares, representing 7.16% of the new share capital of the Issuer.

The Company will publish the statement of change in the share capital following the deposit of the successful execution of the capital increase with the Companies’ Register in accordance with law, and will give prompt notification of the shares of all significant shareholders as a result of the notices received from them.

This press release is online on  www.digitalmagics.com and can be found in the Investor Relations – Press Releases section.

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 70 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.

For further information:

Digital Magics – Press Office

Giorgio Bocchieri – Mail: giorgio.bocchieri@digitalmagics.com

Tel. 02 52505202 – Mob. 334 6853078

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 87208720

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