History

Aedes SIIQ was created following the demerger of the pre-existing Aedes (now called Restart), founded in 1905 and listed on the Italian Stock Exchange since 1924. Aedes SIIQ, following the demerger – approved in the Shareholders’ Meeting of September 27, 2018 – and simultaneous listing on the MTA market managed by Borsa Italiana in December 2018, owns a real estate rent portfolio and development for rent portfolio in line with the strategy of a REIT with commercial purpose (Retail and Office).

Strategy and Mission

Aedes SIIQ’s strategy consists of the creation and expansion of its “Commercial Portfolio”, with a particular focus on new-generation “Retail Properties” and high-quality “Office Spaces” exceeding the industry average, in order to generate recurring cash flows in line with the SIIQ/REIT model.

The recurring cash flow will derive both from the properties already owned, with retail and office use, currently leased or in the marketing phase, and from the areas that will be developed in-house to realize rental properties primarily for retail purposes.

Aedes SIIQ is building its future thanks to the investments of its two business lines, acquiring income properties to compete with the performances of European REITs and, on the other, creating a new generation of shopping and leisure centers through its pipeline development, with a limited recourse to both indebtedness and financial risk assumptions.

Shareholding

Below is a list of the Shareholders who hold a stake of more than 5% (taking into account the Issuer’s qualification as a SME pursuant to Article 1, paragraph 1, letter w-quater. 1, of the TUF and termination of the temporary regime of enhanced transparency provided for by Consob resolutions n.21326 and 21327 of April 9, 2020, as subsequently extended until April 13, 2021) resulting from the Consob communications received pursuant to art. 120 of the TUF, as well as other information available to the Company.

* It should be noted that Augusto S.p.A. 143,814,128 shares corresponding to 51.251% (of the total share capital of Aedes SIIQ S.p.A.), of which n. 103,562,589 ordinary shares (equal to 43.0872% of the total ordinary shares) and n. 40,251,539 special shares (equal to 100% of the total number of special shares).

On April 16, 2021, the Shareholder Augusto S.p.A., in the context of the update of the communication pursuant to art. 120 TUF following the completion of the capital increase in option, confirmed to Aedes SIIQ S.p.A. to be the legitimate owner of further n. 5,020,618 Aedes SIIQ SpA ordinary shares, equal to 2.0889% of the share capital consisting of the ordinary shares of Aedes SIIQ SpA, deposited on April 18, 2017 as collateral on the issue and subscription of the 2017 Bond Loan, not repaid at the expiry of the Loan , reason for which Augusto SpA has pleaded a serious breach and has not repaid the aforementioned Loan. implemented in England. In particular, Augusto reported that he is not yet able to know whether the aforementioned Aedes shares are deposited in other accounts, however attributable to the depositary or whether they have been, in whole or in part, sold to subjects connected to the depositary or definitively sold to third parties. of good faith. Augusto reported that he had started legal investigations also in England to be aware of what really happened. To date, Augusto has communicated that he is unable to exercise the rights relating to the aforementioned n. 5,020,618 Aedes ordinary shares, nor to have been able to exercise the related option rights on the occasion of the reported Aedes share capital increase concluded on 12 April 2021 and the described state of serious uncertainty remains regarding the recoverability of the availability of the same. In the event of effective recovery of the availability of these shares, Augusto would recover the ability to fully exercise the rights relating to his participation, without this resulting in an obligation to promote the takeover bid.