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Digital Magics: Luiss strategic partner, enters with 2.5 mln

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Federbeton: ready to build a sustainable future (ANSA)

(ANSA) – ROME, NOV 25 – The Digital Magics board of directors has approved the strategic partnership with Luiss University, “which provides – he explains – the subscription of a reserved capital increase of 2.5 million, through which Luiss will become the significant shareholder of Digital Magics “” Making the system – comments Marco Gay, Marco Gay, CEO of Digital Magics – is the key to grow and make the Italian ecosystem grow with a European vision. Luiss with its brand, its planning and its network will be an extraordinary enabler of this path and we are honored to be able to count it among our significant partners to give speed and concreteness to the development of innovation in which we want to be increasingly protagonists “.

For Gianni Lo Storto, general manager of Luiss, this is how the University “continues its path in innovation by supporting digital entrepreneurs and open places to accelerate synergies and skills. For this reason – he says -, we are proud of our participation in Digital Magics.

We need to create a system to support new businesses looking for market opportunities. This is also the task of the Luiss University: to connect different worlds with the aim of contributing to the digital transformation of our country “.

By adhering to the dedicated capital increase (with an issue price of 4 euros per share), with the exclusion of the option right, Luiss’ shareholding will amount to 5.68% of the share capital of Digital Magics. The Board of Digital Magics has given the chairman a mandate to call the assembly for next December 15, 2021 and, if necessary, in second call on December 16, 2021, for the approval of the transaction.

The shares of Digital Magics are currently moving on the stock market around + 2.08% to 3.92 euros (ANSA).

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Source From: Ansa

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