Iervolino Entertainment Spa (“IE”), a company listed on the AIM Italia stock exchange engaged in the production and co-production of cinematographic and television content for the international market, announces that the shareholder UnipolSai Assicurazioni S.p.A. has increased its equity investment in the share capital, exceeding 5% of IE’s ordinary capital.

This substantial change in the shareholding occurred on 24 December 2020 as a result of the conversion of the bond loan “Iervolino Entertainment S.p.A. Converting 3% 2019-2020” issued on 23 December 2019.

In particular, 1,445,296 newly issued IE ordinary shares (ISIN: IT0005380602) were subscribed at a unit price of €4.8433 per share, for a total value of €7,000,000.

Following the transaction, the number of ordinary shares held by UnipolSai Assicurazioni S.p.A. amounted to 1,586,996.

The table below summarises the distribution of the share capital as at 05/01/2021: