GPI debuts rising on the AIM list of the Italian Stock Exchange


GPI closed at Euro 10.30 (+ 2.79%) and ends the day with the closing of the acquisition of Insiel Market and PCS. Share capital increased to Euro 8,526,330, the Board confirms Fausto Manzana CEO.

GPI gets off to a good start and closes his debut in the Milan Stock Exchange on AIM Italy at € 10.30, with an increase of 2.79%.

The AIM landing is the result of the merger by incorporation into the GPI spac Capital for Progress1, listed on the Milan Stock Exchange in August 2015, which received 51 million euro from Italian and foreign investors.

Also the financial agreement for the sale of 55% of Insiel market and 100% of PCS (Professional Clinical Software) has been concluded. The compensation, paid at the closing by GPI, is approximately € 13 million Euros for the acquisition of PCS and € 1.8 million for the 55% of IM.

GPI is 90% controlled by Fm srl., the holding company of the Manzana family and owned 10% by the Information & Communication Technology fund managed by Horizon SGR. The enterprise value of the GPI for the purpose of exchange, was set at € 100 million and the listing mechanism will enable the majority shareholder, Fm srl, to keep the 61,58% of the share capital and 74.13% of the voting rights.

In the operation of the GPI listing, FM Srl was supported by Unicredit and Sparkasse.

So far, the GPI’s share capital amounts to EUR 8,526,330, divided into 15,263,300 shares, of which 5,110,000 ordinary shares, 10,000,000 B shares and 153,300 shares C. The B Shares and C Shares are not admitted to trading on AIM Italy (more detailed information in the Investor Relations section).

The Board of Directors has confirmed Fausto Manzana CEO.