LU-VE Group on the Stock Market in July

Milan, 26 January 2015

Industrial Stars of Italy (ISI) is taking LU-VE onto the Stock Market in July. ISI, a Special Purpose Acquisition Company of Development Capital quoted on the AIM Italy (Alternative Investment Market) of the Italian Stock Exchange, has signed an agreement for integration with LU-VE Group.

Following the shareholders’ meetings, which will be held by April, the agreement envisages that LU-VE Group incorporates ISI and at the same time is quoted on the AIM Italy stock exchange. All ISI resources will therefore be used for capital increase.

The Liberali family will retain in every event the de jure control of LU-VE S.P.A., including following the stock market quotation. The parent company LU-VE S.p.A. is controlled 74 % by Finami S.r.l., controlled by the Liberali family, and 26 % by G4 S.r.l., controlled by the Faggioli family. None of the present partners will sell shares as part of the operation with ISI.

After the merger, the Board of Directors of LU-VE S.p.A. will be composed of 10 members. The President will be the founder, Iginio Liberali, the Vicepresident, Pierluigi Faggioli and the Managing Directors, Matteo Liberali and Michele Faggioli. Giovanni Cavallini and Attilio Arietti will be Directors representing ISI.

Iginio Liberali, President of LU-VE Group, declared: “LU-VE Group crowns 30 years of history. Opening up capital and access to the Stock Exchange are the continuation of the growth which has characterized us since the beginning, and follows our traditional values: leadership and passion. The funds raised will be dedicated to new investment in internal and external development, with the objective of further consolidating our position in the markets at a faster rate of growth”.

Giovanni Cavallini, President of ISI, stated “Industrial Stars of Italy analysed hundreds of companies before choosing LU-VE. With this agreement we offer our investors an operation which completely fulfils the objectives we set ourselves: to provide resources for the development of an excellent Italian industrial company which is already international and a is leader in a profitable, growing, niche market. We are certain that the investors who come with us in this initiative will be fully rewarded”.

Matteo Liberali and Michele Faggioli, respectively CEO and COO of LU-VE Group said: “Our objective in the operation with Industrial Stars of Italy is to raise funds for further growth of the LU-VE Group, aiming above all at the overseas markets and the expansion of our range of applications. In the last five years the Group has seen an average annual growth in turnover of more than 9% and an average profit of about 14% (EBITDA margin). The Group has a successful track record of acquisitions.”

The key words for our development are creativity, flexibility and speed. The future strategy? It is contained in the poetry of Nâzım Hikmet which we always use to conclude our presentations:
“Our best days have yet to be lived”