Offer of Enav’s ordinary shares aimed at the stock exchange listing

The Ministry of Economy and Finance has concluded successfully the offer of Enav S.p.A.’s ordinary shares aimed at the listing of these on the Stock Market organized and managed by Borsa Italiana S.p.A..

The offer has concerned the 46.6% of the company’s capital (considering the full exercise of the greenshoe option) and was realized through a public offer in Italy addressed to retail investors and to Enav group’s employees and to a contextual institutional placement.

Enav’s valorization was defined, before the launch of the offer, between a minimum of 2.90 Euro and a maximum of 3.50 Euro per share.

At the end of the offer period, the price was fixed at 3.30 Euro per share.

On the basis of the price of 3.30 Euro per share Enav’s market capitalization corresponds to about 1.8 billion Euro.

Vitale & Co. has acted as Enav’s independent evaluator on behalf of the Ministry of Economy and Finance.

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