it 
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY,IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN,AUSTRALIAOR ANY COUNTRY WHERE IT IS UNLAWFUL TO DO SO.
This announcement is an advertisement and not a prospectus and not an offer of securities forsale in or into the United States, Canada, Japan or Australia, or any other jurisdiction where it is unlawful to do so.
Arezzo, 12 aprile 2021– SECO S.p.A. (“SECO” o la “Società”) rende nota la propria intenzione di procedere alla quotazione delle proprie azioni ordinarie (le “Azioni”) sul Mercato Telematico Azionario, organizzato e gestito da Borsa Italiana S.p.A. (la “Quotazione”), e ricorrendone i presupposti, sul segmento STAR.
È previsto che il flottante richiesto ai fini della Quotazione sia realizzato attraverso un collocamento istituzionale (l’“Offerta”) di azioni ordinarie (le “Azioni”) riservato ad investitori qualificati in Italia e nello Spazio Economico Europeoe investitori istituzionali esteri al di fuori degli Stati Uniti d’America, ai sensi della Regulation Sdello United States Securities Act del 1933, come successivamente modificato (il “Securities Act”), e, negli Stati Uniti d’America, limitatamente ai Qualified Institutional Buyersai sensi della Rule 144Adel Securities Act, con esclusione di quei Paesi nei quali l’Offerta non sia consentita in assenza di autorizzazione da parte delle competenti autorità, in conformità con le leggi vigenti, o di esenzioni di legge o regolamentari applicabili.
È previsto che l'Offerta abbia ad oggettomassimen.37.773.000 Azioni, delle quali:
(i) massime n.27.000.000 azioni di nuova emissione rivenienti da un aumento di capitale con esclusione del diritto di opzione (l'”Aumento di Capitale"); e
(ii) massime n.10.773.000 azioni ordinarie esistenti, poste in venditada parte dei seguenti azionisti della Società: (a) i co-fondatori Daniele Conti e Luciano Secciani e le loro famiglie, attraverso le rispettive società veicolo (DSA S.r.l., HSE S.r.l. e HCS S.r.l.); (b) Lomarini & Lomarini Consultant S.a.s. di Lomarini Luciano & C. e SPEM S.r.l.; (c) Fondo Italiano d'Investimento SGR S.p.A., gestoredel fondo "FITEC" (giàFII Tech Growth),
Nell'ambito dell'Offerta, è previsto che DSA S.r.l., HSE S.r.l., HCS S.r.l. e Fondo Italiano d'Investimento SGR S.p.A. concedanoai Coordinatori dell’Offerta un'opzione greenshoe per massime n. 5.665.950 Azioni, corrispondenti ad una quota pari a circa il 15,0% dell'Offerta.
La struttura finale dell’Offerta sarà determinata in prossimità dell’avvio della stessa. 2
Alla data del presente comunicato, si prevede che ad esito dell’Offerta, in caso di integrale esercizio dell’opzione greenshoe, il flottante massimo sarà pari a circa40-45% del capitale sociale di SECO.
I proventi derivanti dall’Aumento di Capitale saranno utilizzati dalla Società per supportare l’attuazione del proprio piano strategico triennale tramite consolidamento e crescita sui mercati internazionali.Tale strategia include la realizzazione di mirate operazioni di acquisizione – anche rilevanti - volte a entrare in nuovi mercati geografici, aumentare la base clienti e dotare SECO, e il gruppo ad essa facente capo,di nuove competenze.
Compatibilmente con le condizioni di mercato e subordinatamente all’ottenimento delle approvazioni richieste da parte di Borsa Italiana e CONSOB, alla data del presente comunicato si ritiene che l’Offerta possa essere avviata nel corso del secondotrimestre del 2021.
Nell'ambito dell’Offerta, Goldman Sachs International e Mediobanca –Banca di CreditoFinanziario S.p.A. agiranno in qualità di joint global coordinatore joint bookrunner(i“Coordinatori dell’Offerta”). Mediobanca – Banca di Credito Finanziario S.p.A. agisce inoltre in qualità di sponsor ai fini della Quotazione.
* * *
Descrizione del Gruppo SECO
SECO è un centro di eccellenza nel campo dell'innovazione e integrazione tecnologica. Da oltre quarant’anni, l'azienda opera nel mercato dell'alta tecnologia, progettando, sviluppando e producendo soluzioni tecnologiche proprietarie all'avanguardia per clienti industriali. I prodotti SECO spaziano dai computer miniaturizzati alle soluzioni hardware standard o custom, soluzioni complete ad alta tecnologia e sistemi integrati hardware-software per mercati finali altamente diversificati, tra cui il medicale, l'automazione industriale, l’aerospaziale e la difesa, il wellness e il vending. Inoltre, l'azienda ha ulteriormente ampliato la propria gamma di prodotti lungo la catena del valore con il lancio di CLEA, una Platform as A Service (i.e. PaaS) proprietaria, che fornisce servizi e soluzioni per applicazioni nell'ambito dell'Internet of Things ("IoT") permettendo ai clienti di gestire i propri IoT Endpoints in modo efficiente, efficace e semplice. Con oltre 450 dipendenti e un fatturato di Euro 76,1 milioni al 31 dicembre 2020, SECO opera su scala globale con uffici in Europa, Nord America e Asia, oltre a stabilimenti produttivi in Italia e Cina, servendo oltre 200 clienti blue-chip leader nei rispettivi settori. Le capacità di R&S di SECO sono ulteriormente rafforzate da partnership strategiche di lunga durata con i principali tech giants e dalla collaborazione con università, centri di ricerca e start-up innovative. SECO è partecipata dal Fondo Italiano Tecnologia e Crescita, gestito dal Fondo Italiano d'Investimento SGR.
Per maggiori informazioni: www.seco.com
Contacts:
SECO SpA
Marco Parisi
Head of Investor Relations
Tel. +39 0575 26979
investor.relations@seco.com
COMMUNITY GROUP
Lea Calvo Platero
Tel. +39 3357357146
seco@communitygroup.it
DISCLAIMER
This document is an announcement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (the “Prospectus Regulation”), and as such does not constitute an offer to sell or the solicitation of an offer to purchase securities. A prospectus prepared pursuant to the Prospectus Regulation, Commission Delegated Regulation (EU) 2019/980, the Commission Delegated Regulation (EU) 2019/979 (the “Delegated Regulations”), Legislative Decree n. 58/1998 of 24 February 1998, as subsequently amended (the “Consolidated Financial Law”) and Regulation adopted by CONSOB with Resolution no. 11971 of 14 May 1999, as subsequently amended (the “Issuers’ Regulation”), is expected to be approved by the Consob and be made available in accordance with the requirements of the Prospectus Regulation, the Delegated Regulations, the Consolidated Financial Law and the Issuers’ Regulation. Any offer of securities to the public that may be deemed to be made pursuant to this communication in any EU Member State is addressed solely to qualified investors (within the meaning of Article 2(1)(e) of the Prospectus Regulation) in that Member State.
This announcement does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities, nor shall it (or any part of it) or the fact of its distribution form the basis of, or be relied on in connection with, any contract therefor. The Offering and the distribution of this announcement and other information in connection with the Offering in certain jurisdictions may be restricted by law and persons into whose possession this announcement or any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order or (iv) certified high net worth individuals and certified and self-certified sophisticated investors as described in Articles 48, 50, and 50A respectively of the Order or (v) persons to whom this communication may otherwise be lawfully communicated (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged in with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Neither this announcement, nor any copy of it may be taken, transmitted or distributed, directly or indirectly, into Australia, Canada, Japan, or to any persons in any of those jurisdictions or any other jurisdictions where to do so would constitute a violation of the laws of such jurisdiction. The securities referred to herein have not been and will not be qualified under the applicable securities laws of Australia, Canada, Japan and, subject to certain exceptions, may not be offered or sold within Australia, Canada, Japan or to any resident or citizen of Australia, Canada, Japan.
This announcement does not constitute an offer for sale of, or a solicitation of an offer to purchase or subscribe for, any securities in the United States. No securities of the Company have been registered under the U.S. Securities Act of 1933, as amended, and the Company does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. There will be no public offering of the securities in the United States or elsewhere.
This announcement does not constitute a recommendation concerning the Offering or the shares of the Company. The price and value of securities can go down as well as up. Past performance is not a guide to future performance. Information in this announcement or any of the documents relating to the Offering cannot be relied upon as a guide to future performance. Potential investors should consult, to the extent they deem necessary, a professional investment, business, tax, and/or legal advisor as to the suitability of the Offering for the person concerned.
Any purchase of shares of the Company in the proposed Offering should be made solely on the basis of the information contained in the Prospectus, as approved by Consob, to be issued by the Company in connection with the admission to trading on the MTA. The approval of the Prospectus by Consob shall not constitute an evaluation of the economic and financial soundness of the transaction and the quality or solvency of the Company. No reliance may or should be placed by any person for any purpose whatsoever on the information contained in this announcement or on its completeness, accuracy or fairness. The information in this announcement is subject to change.
Certain figures contained in this document, including financial information, have been subject to rounding adjustments. Accordingly, in certain instances, the sum or percentage change of the numbers contained in this document may not conform exactly with the total figure given. 4
None of the banks acting as joint global coordinators, joint bookrunners and/or co-bookrunner in the contest of the potential initial public offering (the “Managers”) or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Nothing contained herein is, or shall be relied upon as, a promise or representation by the Managers or any of their respective directors, officers, employees, advisers or agents in this respect, whether as to the past or future.
None of the Managers or any of their respective directors, officers, employees, advisers or agents assumes any responsibility for its accuracy, completeness or verification and accordingly the Managers and each of their respective directors, officers, employees, advisers or agents disclaim, to the fullest extent permitted by applicable law, any and all liability whether arising in tort, contract or otherwise which they might otherwise be found to have in respect of this announcement or any such statement. The Managers are each acting exclusively for the Company and the Selling Shareholders in the transaction referred to in this announcement and for no-one else in connection with any transaction mentioned in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to any such transaction and will not be responsible to any other person for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to in this announcement.
Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Shares have been subject to a product approval process, which has determined that such Shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II to such target market (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, distributors should note that: the price of the Shares may decline, and investors could lose all or part of their investment; the Shares offer no guaranteed income and no capital protection; and an investment in the Shares is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering. Furthermore, it is noted that, notwithstanding the Target Market Assessment, the Managers will only procure investors who meet the criteria of professional clients and eligible counterparties.
For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the Shares. Each distributor is responsible for undertaking its own target market assessment in respect of the Shares and determining appropriate distribution channels.
