The operation, tied to 2022–2025 incentive plans, was reserved for institutional investors. The stock holds steady despite the discount applied to the placement price
by Robert Crowe
MILAN – Maire has successfully completed the sale of 1.5% of its share capital, raising approximately €51.1 million. The operation, announced on the evening of June 11 and finalized in the early hours of June 12, 2025, involved 4,981,118 ordinary shares sold at a price of €10.25 each through an accelerated bookbuilding procedure reserved for Italian and international institutional investors.
The placement was initiated at the request of the beneficiaries of Maire’s long-term incentive plans (LTI) for 2022–2024 and 2023–2025. The proceeds will be mainly used to cover tax liabilities related to the share awards (“sell-to-cover”).
Despite a discount of over 9% from the June 11 closing price (€11.27), the stock responded positively in the following days, buoyed by solid performance (+9% in the past month and +57% year-over-year). Analysts at Intesa Sanpaolo and Jefferies maintain their “buy” rating, with target prices ranging from €12 to €12.6.
A 90-day lock-up period has been imposed on unsold shares, ensuring market stability. The placement increased Maire’s share liquidity and broadened its investor base without undermining the company’s strong fundamentals.
(Associated Medias) – All rights are reserved
L'articolo Maire Sells 1.5% Stake, Raises Over €51 Million Through Accelerated Bookbuilding proviene da Associated Medias.
(Associated Medias) - All rights reserved