Share capital

SPAXS share capital amounts to EUR 62,781,144.00 and is composed of 59,373,241 Ordinary Shares with ISIN IT0005321317 and 1,440,000 Special Shares, for which no nominal value has been indicated.

There are also 28,492,827 outstanding Conditional Share Rights (ISIN IT0005321291).

SPAXS’ Ordinary Shares and Conditional Share Rights were admitted to trading on the AIM Italia/ Alternative Investment Market multilateral trading facility, organised and managed by Borsa Italiana S.p.A, with Notice of Borsa Italiana S.p.A. on January 30, 2018. Trading started on February 1, 2018.

Relevant shareholders

As by the rules of the AIM Italia/Alternative Investment Market, organised and managed by Borsa Italiana S.p.A., the following are the shareholders who hold at least 5% of SPAXS’ share capital (with voting rights):

Shareholder % share capital with voting rights
SDP RAIF - Genesis(1) 9.88%
AMC Metis S.a.r.l.(2) 7.75%
Tensile-Metis Holdings S.a.r.l.(3) 6,23%
AZ Fund Management S.A.(4) 5,07%

(1)  Investment fund managed by SDP Capital Management Ltd
(2)  Company held by Atlas Merchant Capital Fund LP
(3)  Company held by Tensile Capital Management LLC
(4) Part of Azimut Group

Based on the notices that have been given to SPAXS under the applicable regulations, there are no other shareholders, other than those indicated above, who hold at least 5% of the share capital with voting rights.

Significant Shareholders’ disclosure obligations
Under the AIM Italia Rules for Companies, anyone holding at least 5% of a class of SPAXS’ financial instruments is a “Significant Shareholder”.
A “Relevant Change” occurs in case of changes in shareholdings reaching or exceeding (or falling below) the 5%, 10%, 15%, 20%, 25%, 30%, 50%, 66.6% and 90%, notice of which must be given by the Significant Shareholders to SPAXS.
To this end, within 4 trading days of the date on which the transaction involving the Relevant Change took place, the Significant Shareholder must give notice to SPAXS of:

  1. Identity of the Significant Shareholders involved;
  2. date on which SPAXS was informed;
  3. date on which the Substantial Change of interests was made;
  4. price, amount and category of SPAXS financial instruments involved;
  5. nature of the transaction;
  6. nature and size of the interest of the Significant Shareholder in the transaction.

To this end, each Significant Shareholder may use the communication forms referred in the “Rules on Transparency” (as set out in the AIM Issuers Regulation) with particular regard to information and communications by Significant Shareholders.

Any notice can be given in advance by certified e-mail to the address [email protected] and subsequently sent in the original by means of registered mail to: Spaxs S.p.A., Via Mercato n. 3 – 20121 Milan – Italy.