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Media Release
lastminute.com increases free float following a reorganization of its shareholder structure
Amsterdam / Chiasso, 7 June 2024 – lastminute.com N.V. (“lastminute.com”), the European Travel-Tech leader in Dynamic Holiday Packages, announces the partial dissolution of the agreement between the shareholders of Freesailors Coöperatief U.A. (“Freesailors”) and the direct assignment, expected to occur by June 30, 2024, of a pro rata portion of the shares in lastminute.com from Freesailors to the shareholders of Freesailors wishing to be invested in lastminute.com directly. As a result, the free float of lastminute.com will increase to approx. 55 %.
The shareholder structure will be composed as follows:
The free float will include:
Luca Concone, CEO of lastminute.com, commented: “We are delighted to be informed that Freesailors has been reorganized, simplifying our capital holding structure. We are convinced that the increase in free float will contribute positively to the evolution of our share price.”
Massimo Pedrazzini, Chairman of Sterling Active Fund: “We are very pleased with this additional step taken by lastminute.com and its founder to improve the company’s corporate governance further. Although without direct representation in the Board of Directors, we will continue to make our constructive contribution.”
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers' travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
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This Press Release contains forward-looking statements reflecting management’s view of future development. The outlook is based on estimates lastminute.com has made based on all the information available at the time of completion of this release. Forward-looking statements made in this release shall be evaluated in the context of current macroeconomic risks and uncertainties. lastminute.com does not assume any obligations or liability in respect of any inaccuracies in the forward-looking statements made in this release or for any use by any third party of such forward-looking statements. lastminute.com does not assume any obligation to update any forward-looking statements made in this release beyond statutory disclosure requirements.