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Softlab S.p.A. ( (IT:SFT) ) has shared an announcement.
Softlab S.p.A. has announced the start of trading on Euronext Milan of 1,493,808 ordinary shares previously held by its subsidiary Softlab Digital S.r.l., which have the same rights and characteristics as existing listed ordinary shares. The newly listed shares, stemming from a capital increase resolved in July 2020, represent about 29.9% of the ordinary shares already listed and were admitted to trading without the obligation to publish a prospectus under EU rules. The transaction does not alter Softlab’s total share capital of €3.51 million or the total number of shares in issue, but it increases the free float by raising the number of listed ordinary shares to 6,486,523, while 7,024,366 ordinary shares remain unlisted, potentially enhancing market liquidity and the stock’s visibility for investors.
More about Softlab S.p.A.
Softlab S.p.A. is an Italian company listed on Euronext Milan, operating in the technology and digital solutions sector through its subsidiary Softlab Digital S.r.l., with a focus on software and IT services for corporate and institutional clients. The group is headquartered in Rome with additional operating offices in Milan and Maglie, serving the domestic market and positioning itself as a listed player in the Italian tech ecosystem.
Average Trading Volume: 8,305
Technical Sentiment Signal: Sell
Current Market Cap: €6.07M
See more insights into SFT stock on TipRanks’ Stock Analysis page.