Racing Force Announces Share Capital Update

Racing Force S.p.A., the parent company of Racing Force Group, has announced a revised share capital structure. This follows an accelerated bookbuilding transaction and a capital increase approved by the Board of Directors on June 25th, 2024. The subscription price was set at EUR 4.43 per share, with a share premium of EUR 4.33.

The company placed 1,690,135 new ordinary shares, raising EUR 7,487,298.05. The new subscribed and paid-up share capital stands at EUR 2,738,933.30, represented by 27,389,333 ordinary shares. The necessary documentation has been filed with the Genoa Companies Register.

Racing Force's share capital consists solely of ordinary shares. The company has also received a notification from SAYE S.p.A., indicating a reduction of its shareholding below the 50% threshold. SAYE S.p.A. now holds 49.5% of the share capital, down from 52.8%.

The list of significant shareholders and their respective percentages is available on Racing Force's website.