Milan, 1 July 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 June 2021 was equal to EUR 15,49 (the average price of the DHH’s shares recorded during the trading sessions in the month of June 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 July 2021 (last exercise period); starting from 1 July 2021 until 27 July 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 July 2021 is equal to 0,2592.
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, since this is the last exercise period provided for by the “warrant Dominion Hosting Holding S.p.A. 2016 – 2021 Regulation”, if the holders of the Warrants do not request to subscribe the conversion shares by the final term of this exercise period (27 July 2021), unexercised Warrants shall forfeit all rights and become extinct for all purposes.
DHH also announces that the period of exercise of Warrants, starting from 1 June 2021 until 30 June 2021, is closed.
During this period, n. 6.066 Warrants were exercised and consequently subscribed at a price of Euro 0,1 per share (exercise ratio equal to 0,2312), n. 1.401 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 140,10.
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 198.961 Warrants in circulation.
The share capital of DHH is now equal to Euro 484.212,10, represented by no. 4.842.121 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.
For any further information, reference should be made to the Warrant Regulation, available on the Issuer’s website (www.dhh.international).