GC HOLDING S.P.A. COMPLETES THE ACCELERATED BOOKBUILDING. THE NECESSARY REQUISITES HAVE BEEN REACHED FOR THE LISTING ON THE STAR SEGMENT OF EURONEXT MILAN

27 March 2024

GC Holding S.p.A. completes the accelerated bookbuilding

The Italian Sea Group S.p.A. (Euronext Milan: TISG) (“TISG” or the “Company”), global operator in luxury yachting with the brands Admiral, Tecnomar, Perini Navi, Picchiotti, NCa Refit and Celi 1920, announced today the closing of the ABB (Accelerated Bookbuilding) procedure by GC Holding S.p.A., which allowed the Company to increase the free float to reach the necessary requisites to enter the STAR segment of the Euronext Milan increasing its stock’s liquidity.

The operation is in line with The Italian Sea Group’s growth strategy

The operation is in line with The Italian Sea Group’s growth strategy, already announced during the IPO in June 2021, and will allow the Company to further expand its visibility towards high-profile investors in Italy and institutional investors abroad.

The necessary requisites to enter the STAR segment have been reached for the listing on the STAR segment

Following the Accelerated Bookbuilding, TISG reached the necessary requisites to enter the STAR segment, increasing the liquidity of its stock and, therefore, its investability, opening the shareholding structure to a wide range of investors.

The STAR index is highly appreciated by international investors and will allow the Company to enter a segment of the market characterised by quality Companies, in line with the Governance and transparency characteristics which TISG already possesses.

Giovanni Costantino, Founder & CEO of The Italian Sea Group, commented:

“From the IPO we have showed continuity and ability to reach profitability and business targets. Today, with the ABB carried out by GC HOLDING, we have achieved the instruments that will allow us to enter the STAR segment in the following months.

The Company is well positioned to grow and establish itself in the international financial market, where our brands are recognised for quality and uniqueness. The scheduled deliveries, the wide visibility of the gross backlog – equal to 3.5 times 2023 Revenues – and the Strategic Outlook for 2024 and 2025 confirm solid growth perspectives and reflect our confidence in the undertaken path and the opportunities that the international scenario holds in store.”