Milan, 1 June 2021. DHH S.p.A. (“DHH”) (DHH.MI | WDHH21.MI) (ISIN shares IT0005203622 | ISIN warrants IT0005203689), the cloud computing provider of Southeast Europe, announces that the Monthly Average Price, as defined in the warrant Dominion Hosting Holding S.p.A. 2016 – 2021 Regulation for May 2021 was equal to EUR 14,93 (the average price of the DHH’s shares recorded during the trading sessions in the month of May 2021) whereas the strike price for warrant of DHH (“Warrant”) is equal to EUR 11,50.
Therefore, since the Monthly Average Price is higher than the strike price, pursuant to Article 3 of the warrant Dominion Hosting Holding S.p.A. 2016 – 2021 Regulation, the Warrants are exercisable for the month of June 2021; starting from 1 June 2021 until 30 June 2021 (initial and final terms included), the holders of the Warrants can request their exercise.
Furthermore being the subscription nominal price of the conversion shares equal EUR 0,1, the exercise ratio of the Warrants for the month of June 2021 is equal to 0,2312.
Subscription requests can be made on any bank business day in the course of each exercise period, and must be presented to the intermediary adhering to Monte Titoli S.p.A. where the Warrants are deposited.
It is understood that, should the holders of the Warrants not request to subscribe the conversion shares by the final deadline of each exercise period, they will lose the relevant right for that specific exercise period, subject again to the right to exercise the Warrants in each of the subsequent exercise periods.
DHH also announces that the period of exercise of Warrants, starting from 3 May 2021 until 31 May 2021, is closed.
During this period, n. 1.213.473 Warrants were exercised and consequently subscribed at a price of Euro 0,1 per share (exercise ratio equal to 0,2654), n. 322.051 regular new DHH shares, the conversion shares, with no indication of nominal value, with the same characteristics as the regular DHH shares in circulation on the issue date, for a total value of Euro 32.205,10.
The conversion shares subscribed by the Warrant holders during the exercise period will be made available for the trading, through Monte Titoli S.p.A., on the settlement day following the deadline on the last day of the relevant exercise period.
As a result of the above, as at the date of this press release, there are 205.027 Warrants in circulation.
The share capital of DHH is now equal to Euro 484.072, represented by no. 4.840.720 ordinary shares without par value.
The Company will publish the notice of change in share capital following the filing of the capital increase with the Companies’ Register within the terms of the law.
To note that Warrants not exercised by July, 27, 2021 will be void.
For any further information, reference should be made to the Warrant Regulation, available on the Issuer’s website (www.dhh.international).