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SG Holding launches premium tender offer to delist Haiki+ from Euronext Growth Milan

SG Holding launches premium tender offer to delist Haiki+ from Euronext Growth Milan
Story Highlights
  • SG Holding is launching a voluntary tender offer for all remaining Haiki+ shares, aiming to consolidate ownership and comply with Italian market rules.
  • The bid offers €0.90 per share, a hefty premium, and is designed to delist Haiki+ from Euronext Growth Milan, giving minorities an exit but ending public trading.
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Haiki+ S.P.A. ( (IT:HIK) ) has issued an announcement.

SG Holding S.r.l. has announced a voluntary full public tender offer for all remaining ordinary shares of Haiki+ S.p.A. traded on Euronext Growth Milan, excluding the 56.10% stake it already owns. The offer is structured under Italian securities law and aims to consolidate ownership while complying with the rules set by CONSOB and Borsa Italiana.

The bid covers up to 59,674,488 shares, including potential new shares from warrant exercises, at a price of €0.90 per share, cum dividend. This represents a premium of 52.66% over the last closing price and 66.16% over the six‑month average, and is expressly intended to secure the delisting of Haiki+ from Euronext Growth Milan, signaling a move toward a closely held structure with reduced public market obligations for the company.

The offer also formalizes the role of Sostenya Group and affiliated Colucci family entities as parties acting in concert with SG Holding under Italian law. For existing minority shareholders, the proposed premium offers an exit at significantly above recent trading levels, but if successful, the transaction will remove Haiki+ from the public market, potentially limiting future liquidity and public price discovery for investors who do not tender.

More about Haiki+ S.P.A.

Haiki+ S.p.A. is an Italian company whose ordinary shares are admitted to trading on Euronext Growth Milan, a multilateral trading facility managed by Borsa Italiana. The company is part of a shareholder structure headed by SG Holding S.r.l. and ultimately controlled by Sostenya Group S.r.l., with stakes held by entities linked to the Colucci family.

The ownership chain includes SG Holding as the immediate holder of a majority stake in Haiki+, while Sostenya Group, Vegvisir, Vulcana, Neutral and their ultimate individual shareholders are deemed to act in concert. No single shareholder currently exercises legal control over Sostenya Group under Italian corporate law, reflecting a dispersed yet coordinated ownership structure around Haiki+.

Haiki+ operates within the Italian small-cap market segment served by Euronext Growth Milan, which typically hosts growth-oriented companies. Its listing on this venue subjects it to the regulatory framework overseen by CONSOB and Borsa Italiana, shaping the procedures and disclosure obligations around corporate actions such as tender offers and potential delistings.

Average Trading Volume: 194,113

Technical Sentiment Signal: Buy

Current Market Cap: €78.36M

Find detailed analytics on HIK stock on TipRanks’ Stock Analysis page.

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