KKCG Maritime intends to launch a voluntary conditional partial tender offer to acquire 15.4% of the share capital of FERRETTI (09638).

FERRETTI (09638) Announcement, KKCG Maritime announces its intention to launch a voluntary conditional partial public takeover offer to acquire up to 52,132.9 million shares of Ferretti, representing 15.4% of Ferretti's subscribed and paid-up share capital. If the offer is fully accepted, KKCG Maritime will hold 101 million shares of Ferretti, representing 29.9% of Ferretti's subscribed and paid-up share capital. The offer will only be launched in Italy and Hong Kong, involving up to 52,132.9 million shares with no par value, accounting for 15.4% of the issuer's subscribed and paid-up share capital. The offer price is 3.5 per share. The offer price represents a discount of approximately 3.9% to the closing price of 3.64 per share on the last trading day on the Milan Pan-European Exchange and a discount of approximately 1.2% to the closing price of HK$32.10 per share on the last trading day on the Hong Kong Stock Exchange. The maximum payment amount is equivalent to 182 million. The maximum payment amount will be made in cash and will be fully funded by KKCG Maritime's internal resources. As the financial advisor of KKCG Maritime in Hong Kong, Noble Trust believes that KKCG Maritime has sufficient financial resources to fully pay the maximum payment amount. The decision to launch the offer reflects KKCG Maritime's intention to increase its investment and consolidate its existing interests in Ferretti, increasing KKCG Maritime's stake from the current 14.5% of the issuer's subscribed and paid-up share capital to 29.9%. KKCG Maritime intends to exercise its rights as a major shareholder at the next annual general meeting of Ferretti, where decisions including the approval of financial statements until December 31, 2025 and the appointment of members of the board of directors will be made. In this regard, KKCG Maritime plans to submit a list of proposed candidates for appointment as directors and considers the offer as a fair and transparent way to increase its shareholding and corresponding voting rights in order to support the election of its proposed directors. Therefore, the schedule of the offer is aimed at achieving the above objectives, enabling KKCG Maritime to acquire additional equity through the offer to participate in the annual general meeting as a shareholder and vote at the meeting. The offeror is KKCG Maritime, a joint stock company registered and operating under the laws of the Czech Republic, with its registered office at Evropsk 866/71, Vokovice, 160 00 Prague 6, Czech Republic, registered at the Prague City Court under registration number B 29157. KKCG is the parent company of the KKCG group, an investment and innovation group with a diverse portfolio of companies. The investment portfolio companies of the KKCG group employ over 16,000 employees in 41 countries. KKCG Maritime is the company platform within the KKCG group responsible for maritime operations. In addition to maritime operations, the KKCG group operates a diverse investment portfolio covering international gaming, global information technology services, traditional and renewable energy, and innovative real estate development, all managed through leading subsidiaries active in multiple jurisdictions and divided into four key industries: entertainment, energy, technology, and real estate. The core businesses of the KKCG group include Allwyn, Aricoma, Avenga, MND Group, KKCG Real Estate, and KKCG Maritime. Karel Komrek, the founder and chairman of KKCG, is a Czech entrepreneur, investor, and philanthropist. Mr. Komrek has a track record of over 30 years in founding and developing businesses in various industries, including entertainment, energy, real estate, and technology. His business footprint also extends to community development, urban revitalization, and cultural arts education through the Karel Komrek Family Foundation established with his wife.