Capital increase

The admission came as a result of a private placement of n. 2.726.500 ordinary shares arising from the capital increase approved by the Company Extraordinary Meeting on December 18th, 2014. The price per share was set at Euro 2.70.

Warrant

There will also be free allocation of 1 (one) “Warrant Clabo 2015-2018″ for every action. The number of warrants issued amounted to Euro 7.726.500.

The warrant holders can request to subscribe the shares:

  1. from June 15, 2016 to 30 June 2016 included (“First Period On Exercise”), at an exercise price of Euro 2.97 for each Conversion Share;
  2. from June 15, 2017 30 June 2017 included (“Second Period On Exercise”), at an exercise price of Euro 3.10 for each Conversion Share;
  3. from June 15, 2018 al July 2, 2018 including (“Third Period On Exercise”), at an exercise price of Euro 3.24 for each Conversion Share.

Clabo Warrant rules