31 Aug 2018 12:33
31 August 2018
CIP MERCHANT CAPITAL LIMITED
("CIP Merchant Capital" or the "Company")
Further Investment in Alkemy
CIP Merchant Capital is pleased to announce that, further to the announcement of 26 July 2018, it has acquired a further 95,267 shares in Alkemy SpA ("Alkemy") (the "Further Shares") for a total consideration of approximately €1.1 million.
The Further Shares have been acquired from O2E Srl ("Seller"), a company affiliated to Francesco Beraldi, Alkemy's Vice Chairman. The Further Shares are subject to a lock-in, pursuant to which CIP Merchant Capital will not, inter alia, transfer the Further Shares on or before 5 December 2018.
Following the acquisition of the Further Shares, CIP Merchant Capital is now interested in 380,267 shares of Alkemy, representing approximately 6.9% of Alkemy's issued share capital.
For further information, please contact:
Merchant Capital Manager Limited (Investment Manager) Marco Fumagalli Carlo Sgarbi
| +41 91 225 25 60 |
Strand Hanson Limited (Financial & Nominated Adviser and Broker) Richard Tulloch / James Bellman | +44 20 7409 3494 |
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.