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SINTESI Societa di Investimenti e Partecipazioni SpA (SII.MI)

SII.MI on Milan Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Court approves composition with creditors proposal of Milan-listed Sintesi
6:54am EDT 

Oct 17 (Reuters) - SINTESI SOCIETA DI INVESTIMENTI E DI PARTECIPAZIONI SPA : :SAID ON MONDAY THE COURT IN MILAN HAD APPROVED ITS PROPOSAL OF COMPOSITION WITH CREDITORS.  Full Article

Sintesi board authorizes 600,000 euro financing contract
Tuesday, 4 Jul 2017 01:34am EDT 

July 4 (Reuters) - SINTESI SOCIETA DI INVESTIMENTI E PARTECIPAZIONI SPA : :SAID ON MONDAY THAT THE BOARD HAD AUTHORIZED THE SIGNING OF A FINANCING CONTRACT FOR EUR 600,000 WITH MAJORITY SHAREHOLDER V11 MILANO ASSETS SRL.LOAN HAS MATURITY IN NO LESS THAN TWO YEARS.AIM OF THE LOAN IS TO FULFILL CURRENT SPENDING COMMITMENTS.  Full Article

HRD Italia to launch takeover bid on Gequity
Wednesday, 24 May 2017 02:34am EDT 

May 24 (Reuters) - SINTESI SOCIETA DI INVESTIMENTI E DI PARTECIPAZIONI SPA : :SAID ON TUESDAY ON BEHALF OF HRD ITALIA SRL (HRD) THAT HRD WILL BECOME OWNER OF A 50.5 PCT STAKE IN GEQUITY <<>> AFTER WINNING THE COMPETITIVE BIDDING PROCEDURE LAUNCHED BY SINTESI.HRD WILL LAUNCH AN OBLIGATORY TAKEOVER BID ON THE REMAINING SHARE CAPITAL OF GEQUITY, A 49.5 PCT STAKE.PRICE PER TENDERED SHARE TO BE IN LINE WITH THE ONE OFFERED FOR THE COMPETITIVE BIDDING PROCEDURE, WHOSE STARTING BID PRICE WAS EUR 0.011 PER SHARE.HRD SPECIALIZES IN THE TRAINING AND DEVELOPMENT OF HUMAN RESOURCES.HRD ACQUIRED A CONTROLLING STAKE IN GEQUITY AS IT CONSIDERS THE LISTING ON THE ITALIAN STOCK EXCHANGE A STRATEGIC OPPORTUNITY.  Full Article

Sintesi: court in Milan says composition with creditors can proceed
Monday, 8 May 2017 02:25am EDT 

May 8 (Reuters) - SINTESI SOCIETA DI INVESTIMENTI E DI PARTECIPAZIONI SPA ::SAID ON FRIDAY COURT IN MILAN HAD SAID THAT THE CLARIFICATIONS FORMULATED BY THE COMPANY ARE COMPREHENSIVE AND THAT THE PROCESS OF COMPOSITION WITH CREDITORS CAN PROCEED.  Full Article

Sintesi: court in Milan requests clarifications on proposal of composition with creditors
Monday, 24 Apr 2017 03:56am EDT 

April 24 (Reuters) - Sintesi Societa di Investimenti e di Partecipazioni SpA ::Said on Sunday that the court in Milan requested some written clarifications regarding its updated proposal of composition with creditors by April 28.The court identified mortgages on some properties that were not included in the original proposal of composition with creditors but only in the updated one.The court noted that the information regarding the assets available to the creditors for those properties in the original composition with creditors is not enough.The court will hear the company on May 4 .  Full Article

Sintesi FY net loss widens to EUR 1.7 million
Tuesday, 18 Apr 2017 03:33am EDT 

April 18 - Sintesi Societa di Investimenti e Partecipazioni SpA ::Reported on Thursday FY net loss 1.7 million euros ($1.81 million) versus loss 0.9 million euros a year ago.  Full Article

Gequity board resigns
Thursday, 23 Feb 2017 04:13am EST 

Gequity SpA :Said on Wednesday that its board of directors resigned following the request of shareholder Sintesi SpA Full Article

Gequity issues 42.0 mln shares in favour of Sintesi
Thursday, 2 Feb 2017 02:08am EST 

Gequity SpA : Said on Wednesday that it issued 42.0 million no-par shares for the total value of 2.1 million euros ($2.27 million) in favour of Sintesi SpA .As a result of the issue of shares in favour of Sintesi, 95.2 pct of the capital increase approved on Feb. 8, 2016, was subscribed for 5.0 million euros.  Full Article

Sintesi: court in Milan confirms decision of Dec. 30, 2016
Wednesday, 18 Jan 2017 09:26am EST 

Sintesi Societa di Investimenti e Partecipazioni SpA : Court in Milan approves company's request and confirms decision of Dec. 30, 2016 .Said on Jan. 2 that it was granted a preliminary injunction on Dec. 30, 2016, by the court to preserve its subscription right on the capital increase of Gequity [nL5N1EU1W4].  Full Article

Sintesi to subscribe to Gequity's unopted capital increase for up to 42 mln shares
Tuesday, 3 Jan 2017 02:30am EST 

Sintesi Societa di Investimenti e di Partecipazioni SpA : Said on Monday that its board had approved to subscribe to up to 42.0 million unopted shares from the capital increase of Gequity SpA that was approved on Feb. 8, 2015 . Sintesi does not intend to launch a mandatory tender offer if it surpasses the threshold of a 30 pct stake in Gequity . Commits to sell in 12 months from the subscription the amount of shares that exceeds 30 pct of Gequity's share capital to non-related parties .Commits to not exercise the voting rights on more than 30 pct of Gequity's share capital until it sells the exceeding shares.  Full Article

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