Press Releases
Public Offers
Governance
Financial Statements and Reports
Investor Relations
Press Releases
Price Sensitive
2025
December 05, 2025
Merger deeds executed for the incorporation of La SIA and M2R Holding (in Italian)
November 25, 2025
First nine 2025 KPI growth
November 19, 2025
Completion of the acquisition of Rack Peruzzi
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November 05, 2025
Addition to the corporate events calendar with KPIs for the first nine months of 2025
November 04, 2025
“Golden power” clearance for the acquisition of Rack Peruzzi
October 23, 2025
Notice of call of the ordinary shareholders’ meeting
October 06, 2025
Mare Group: approved the merger by incorporation of Powerflex (in Italian)
September 29, 2025
Merger by Incorporation of La SIA S.p.A. and M2R Holding S.r.l. into Mare Engineering Group S.p.A. approved (in Italian)
September 29, 2025
Mare Group: Half-Year Financial Report available (in Italian)
September 27, 2025
Board of Directors approves consolidated interim report as of 30 June, 2025.
September 22, 2025
Mare Group approves the merger plans for the incorporation of Powerflex
September 15, 2025
Mare Group approves the merger plans for the incorporation of La SIA S.p.A. and M2R Holding S.r.l.
September 09, 2025
Mare Group on Eles shareholders’ meeting outcome: value and synergies required shared and transparent Governance
September 08, 2025
Mare Group: notification of share capital change (in Italian)
September 05, 2025
MIMIT – Green light to Mare Group’s platform: simple and secure AI for businesses
September 04, 2025
Letter to Eles Shareholders
August 18, 2025
Mare Group: notification of share capital change (in Italian)
August 11, 2025
Mare Group, Largest Shareholder of Eles, Requests Shareholders’ Meeting to Expand the Board of Directors
August 08, 2025
OPAS on Eles Finalized
29% of Share Capital Reached (in Italian)
August 07, 2025
Mare Group: notification of share capital change (in Italian)
August 06, 2025
Mare Group: notification of share capital change (in Italian)
August 07, 2025
Mare Group requests correction from Eles Regarding the august 5, 2025 release
August 05, 2025
Voluntary tender offer for Eles successfully completed
Mare Gorup becomes Eles’ largest shareholder over 29% of the share capital acquired
August 05, 2025
Mare Group holds over 95% of La SIA: Squeeze-Out to begin
July 31, 2025
Mare Group infrastructure&building: momentum in july
La SIA at the core of projects worth over €8 million
July 27, 2025
Mare Group: new orders in aerospace & defense total: 17 million euros since beginning of year
July 18, 2025
Mare Group: notification of share capital change (in Italian)
July 17, 2025
Mare Group: notification of share capital change (in Italian)
July 07, 2025
Mare Group voluntary public tender offer for Eles S.p.A.
Response to the press release issued by Eles S.p.A. on 03 july 2025
July 03, 2025
Completion of subscription of new shares
July 02, 2025
Mare Group exceeds 20% of Eles’ share capital
June 26, 2025
Board of Directors resolves capital increase in service of the Eles voluntary tender and exchange offer through partial exercise of the authorization pursuant to art. 2443 of the Italian Civil Code
June 25, 2025
Mare Group exceeds 15% of voting rights and share capital of Eles
June 22, 2025
Mare Group becomes second largest shareholder in Eles by voting rights (over 11%)
June 20, 2025
Mare Group exceeds 10% of the share capital of Eles and becomes the second largest shareholder
June 19, 2025
Mare Group exceeds 5% stake in Eles and becomes a significant shareholder
June 16, 2025
IPO tax credit of €0.37 million (in Italian)
June 12, 2025
Industrial complementarity and growth at the core of the proposal for Eles
June 10, 2025
Public tender offer on Eles 40% premium over current price
June 06, 2025
Free allocation of 277,164 bonus shares and change in share capital (in Italian)
June 04, 2025
Automatic allocation of bonus shares to eligible shareholders (in Italian)
June 04, 2025
Change in share capital and material change (in Italian)
June 03, 2025
Mare Group accelerates hydrogen applications in aerospace & defense: green light for the Cryostar eu project
May 30, 2025
Completion of the acquisition of 70.6% of the share capital of La SIA S.p.A.
May 27, 2025
Notice of change in share capital (in Italian)
May 27, 2025
Mare Group acquires Rack Peruzzi and strengthens the aerospace & defense hub
May 23, 2025
Ordinary Shareholders’ Meeting (in Italian)
May 22, 2025
Aerospace & defence: Mare Group secures a new significant order
May 19, 2025
Mare Group invests in TradeLab and becomes technology partner in the company’s IPO path
May 08, 2025
Notice of call of the ordinary shareholders’ meeting
May 06, 2025
Filing of the 2024 annual report and amendment to the financial calendar
April 17, 2025
Mare Group acquires 10,3% of DBA Group S.p.A.
April 14, 2025
“Sinergia” project funded artificial intelligence and digital twin for energy optimization
April 11, 2025
Weekly Update on Share Buyback Program (in Italian)
April 11, 2025
Amendment to financial calendar
April 01, 2025
Board of Directors approves capital increase for the acquisition of La SIA
March 28, 2025
Weekly Update on Share Buyback Program (in Italian)
March 28, 2025
Mare Group Board of Directors approves 2024 financial statements, 2025 guidance, and proposes dividend
March 27, 2025
Subscription of new shares finalized (in Italian)
March 21, 2025
Weekly Update on Share Buyback Program (in Italian)
March 14, 2025
Weekly Update on Share Buyback Program (in Italian)
March 14, 2025
Mare Group continues its development plan and acquires I.D.E.A. S.r.l. (in Italian)
March 13, 2025
Notification of share capital change (in Italian)
March 11, 2025
Notification of share capital change (in Italian)
March 11, 2025
Notification of share capital change (in Italian)
March 07, 2025
Ordinary and extraordinary shareholders’ meeting approves incentive measures
February 28, 2025
Approved 2024 preliminary results
February 21, 2025
Weekly Update on Share Buyback Program (in Italian)
February 19, 2025
Publication of the notice of call for the ordinary and extraordinary shareholders’ meeting
February 14, 2025
Weekly Update on Share Buyback Program (in Italian)
February 12, 2025
Mare Group acquires 70.6% of La SIA and announces the first OPAS in EGM history
February 7, 2025
Weekly Update on Share Buyback Program (in Italian)
January 31, 2025
Weekly Update on Share Buyback Program (in Italian)
January 29, 2025
Board Resolutions
January 24, 2025
Weekly Update on Share Buyback Program (in Italian)
January 24, 2025
Substantial Change in Significant Shareholders
January 16, 2025
Notice of change in share capital
January 9, 2025
Financing for growth
2024
December 28, 2024
Subscription of new shares finalized (in Italian)
December 20, 2024
Completion of the Accelerated Book building procedure
December 19, 2024
ABB exceeds €15 million: over €13 million subscribed and binding commitments for more than €2 million
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December 18, 2024
Execution of the binding agreement of July 23, 2024, for the acquisition of Powerflex S.r.l.
December 18, 2024
Mare Group: Board Approves Capital Increase and Launches Accelerated Bookbuilding
December 16, 2024
The extraordinary shareholder’s meeting approves amendment to the company’s bylaws
December 3, 2024
Signed agreement worth 4,5 million euros with a major international client in the aerospace & defense sector
November 29, 2024
Full notice convening the extraordinary shareholders’ meeting (in Italian)
November 28, 2024
Proposal to amend the bylaws to allow shareholders to participate and vote in the meeting through a designated representative (in Italian)
November 14, 2024
Double-digit growth in the first 9 months of 2024 (in Italian)
November 7, 2024
2024 Guidance Approved (in Italian)
October 15, 2024
Approval of Corporate Reorganization Operations to Optimize the Group’s Operational and Administrative Management (in Italian)
September 26, 2024
Half-Year Report as of June 30, 2024, Approved by the Board of Directors (in Italian)
September 19, 2024
Mare Group Enters the Spanish Market (in Italian)
September 12, 2024
Strategic Orders for XR Technologies and Digital Twin in Aerospace, Defense, and Automotive Sectors Worth Over 1.1 Million Euros (in Italian)
August 23, 2024
Weekly Update on Share Buyback Program (in Italian)
August 16, 2024
Weekly Update on Share Buyback Program (in Italian)
August 09, 2024
Weekly Update on Share Buyback Program (in Italian)
August 02, 2024
Weekly Update on Share Buyback Program (in Italian)
July 26, 2024
Weekly Update on Share Buyback Program (in Italian)
July 23, 2024
Binding Agreement Signed for the Acquisition of 100% of Powerflex S.r.l. (in Italian)
July 22, 2024
Weekly Update on Share Buyback Program (in Italian)
July 10, 2024
The Board of Directors Approves Stock Plan and Calendar Amendments (in Italian)
July 10, 2024
Research Project “IMPROVE” Approved by MIMIT (in Italian)
July 08, 2024
Commercial Agreement for Territorial Monitoring Using Drones (in Italian)
June 28, 2024
Press Release: 2023 Financial Statements Approval (in Italian)
June 17, 2024
Launch of the Share Buyback Program (in Italian)
June 13, 2024
Press Release: Notice of Shareholders’ Meeting (in Italian)
May 29, 2024
Mare Group: The Board of Directors Approves Consolidated Financial Statements, Draft Financial Statements as of December 31, 2023, and 2023 Sustainability Report (in Italian)
May 28, 2024
Mare Group successfully debuts on euronext growth milan (in Italian)
May 28, 2024
Mare Group: 2024 Corporate Events Calendar (in Italian)
May 24, 2024
Mare Group Admitted to Trading on Euronext Growth Milan; Trading Expected to Start on May 28 (in Italian)
Press Releases
Non Price Sensitive
2025
14 Novembre 2025
Mare Group: credit rating upgrade
November 04, 2025
“Golden Power” clearance for the merger of Powerflex
October 21, 2025
Mare Group: half-year results and 2025 Guidance presentation at SACE’S “Terrazza del Made in Italy”
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October 13, 2025
Mare Group exceeds 30% of Eles share capital
October 03, 2025
Mare Group: shareholders’ agreement with an Eles board member and the Chairman and CEO of CBL
October 01, 2025
Mare Group brings artificial intelligence to the agrifood supply chain with the “Spinta” project funded by MIMIT
June 10, 2025
Letter to La SIA Shareholders (in Italian)
June 10, 2025
Update calendar of meetings with the financial community
April 04, 2025
Update calendar of meetings with the financial community
February 14, 2025
Modification of the 2025 corporate events calendar
2024
December 23, 2024
Finalized the previously announced agreement to acquire a 4% stake in UST Italia S.r.l.
December 16, 2024
Mare Group: Borgo 4.0 project completed, marking a new strategic phase in the automotive sector
December 11, 2024
Mare Group awarded at the AssoNEXT Awards 2024 for transparency and governance
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December 3, 2024
Mare Group in Milan for the “Mid & Small 2024” event (in Italian)
November 19, 2024
Mare Group wins the “Pompei tra le mani” project financed by PNRR funds (in Italian)
November 12, 2024
New web site (in Italian)
October 16, 2024
Mare Group Paris Investor Access (in Italian)
October 8, 2024
Mare Group: Collaboration with Sidereus Space Dynamics in the Aerospace Sector
August 07, 2024
Modefinance Confirms Corporate Credit Rating of B1+ (in Italian)
June 26, 2024
Mare Group Divests Stake (in Italian)
OPAS La SIA
BEFORE ACCESSING THE INFORMATION AND DOCUMENTS CONTAINED IN THIS SECTION OF THIS WEBSITE, PLEASE READ AND ACCEPT THE INFORMATION BELOW.
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This notice applies to all viewers of this web page, therefore, the reader is required to read and evaluate its contents carefully before accessing this section, reading and/or using in any way the information provided here. By accessing this section, you accept the terms and conditions set out below. Please note that these terms and conditions may be modified or updated. You should read them in full each time you visit this section.
This section contains relevant information in relation to the mandatory public purchase and exchange offer (the “Offer”) for all ordinary shares (the “Shares”) of La SIA SpA (the “Issuer”) announced by Mare Engineering Group SpA (the “Offeror”) with a press release published pursuant to art. 102, paragraph 1, of Legislative Decree 58/1998, on 30 May 2025.
The Offer is being promoted exclusively in Italy as the Issuer’s Shares are traded exclusively on Euronext Growth Milan, a multilateral trading facility organised and managed by Borsa Italiana SpA, and is subject to the reporting obligations and procedural requirements set forth by Italian law.
The Offer is made by means of the publication of an offer document that is not subject to approval by either the Commissione Nazionale per le Società e la Borsa – CONSOB or Borsa Italiana SpA (the “Offer Document”). The Offer Document contains the full description of the terms and conditions of the Offer, including the acceptance procedures.
Before accepting the Offer, the Issuer’s shareholders are advised to carefully read the documentation on the Offer published in accordance with the law.
The Offer has not been and will not be promoted or publicly disseminated in the United States, Canada, Japan, Australia, or in any other country in which the promotion of the Offer or acceptance thereof would not comply with the laws on financial markets or other laws and regulations of such countries or would require prior registration, approval or filing with regulatory authorities (such countries, including the United States, Canada, Japan, Australia, collectively, the “Excluded Countries”).
Participation in the Offer by persons resident in countries other than Italy may be subject to specific obligations or restrictions provided for by legal or regulatory provisions. It is the exclusive responsibility of persons intending to participate in the Offer to comply with such provisions and, therefore, before participating in the Offer, such persons will be required to verify their existence and applicability, by contacting their consultants and complying with the provisions themselves before participating in the Offer.
No copy of the Offer Document, or portions thereof, as well as a copy of any document relating to the Offer will be, nor may be, sent, transmitted or distributed, directly or indirectly, – in any manner whatsoever – in or from any Excluded Country in which the provisions of local law may determine risks of a civil, criminal or regulatory nature if information concerning the Offer is transmitted or made available to shareholders of the Issuer in such Excluded Country or in other countries where such conduct would constitute a violation of the laws of such country. Any person receiving such documents (including in the capacity of custodian, fiduciary or trustee) is required not to send, transmit or distribute – in any manner whatsoever – the same to or from the Excluded Countries.
This section of this website, as well as the documents and/or information contained therein, do not constitute and cannot be interpreted as an offer, an invitation or a solicitation to buy or otherwise acquire, subscribe for, sell or otherwise dispose of financial instruments of the Issuer or the Offeror in the Excluded Countries.
Anyone who intends to access this section of the Offeror’s website and view the Offer Document and other documents published therein must read carefully and be fully aware of the above.
By selecting the “I ACCEPT” button, you declare and guarantee – under your full responsibility – that you are not a US Person pursuant to the applicable regulations and that you are not physically located or resident in the Excluded Countries, as well as that you have read, understood and fully accepted and undertake to comply with all the limitations indicated above.
September 08, 2025
Settlement of the joint procedure Delisting of La SIA share from Euronext Growth Milan
September 02, 2025
Final results of the joint procedure.
Settlement methods of the joint procedure. (in Italian)
September 01, 2025
Preliminary results of the joint procedure (in Italian)
August 30, 2025
Subscriptions in the first week of the period relating to the joint exercise of the purchase obligation pursuant to Article 108, paragraph 2 of the TUF and the purchase right pursuant to Article 111 of the TUF (the “squeeze-out procedure”) (in Italian)
August 26, 2025
Request for sale under the joint procedure for compliance with the mandatory purchase obligation pursuant to article 108, paragraph 1, of the TUF, and the exercise of the right to purchase pursuant to article 111 of the TUF, as referred to in article 13 of the Issuer’s by-laws (in Italian)
August 11, 2025
Final results of the procedure for fulfilling the purchase obligation pursuant to Article 108, paragraph 2 of the TUF
Terms and conditions of the joint procedure (in Italian)
August 08, 2025
Provisional Results of the “Sell-Out” Procedure
Threshold of 95% of Share Capital Exceeded for “Squeeze-Out” and Delisting (in Italian)
August 01, 2025
Subscriptions in the second week of the period relating to the exercise of the purchase obligation pursuant to Article 108, paragraph 2 of the TUF (the “Sell-Out Procedure”) (in Italian)
July 25, 2025
Mare Group appoints Sodali & Co. S.p.A. as Global Information Agent (in Italian)
July 25, 2025
First Week Subscriptions in the Period for the Exercise of the Purchase Obligation Pursuant to Article 108, Paragraph 2 of the TUF (the “Sell-Out Procedure”) (in Italian)
July 18, 2025
Request for sale within the procedure for fulfilling the purchase obligation pursuant to article 108, paragraph 2, of the TUF (in Italian)
July 18, 2025
Payment made of the consideration related to the sia shares contributed to the offer during the acceptance period (in Italian)
July 16, 2025
Final results of the sell-out procedure and delisting offer (in Italian)
July 11, 2025
End of the Offer Acceptance Period – Preliminary Results: Offer exceeds 90% of the Share Capital (in Italian)
July 04, 2025
Acceptances of the mandatory full public exchange and purchase offer launched by Mare Engineering Group S.p.A. for the shares of La SIA S.p.A. during the first week of the offer period (in Italian)
June 27, 2025
Acceptances of the mandatory full public exchange and purchase offer launched by Mare Engineering Group S.p.A. for the shares of La SIA S.p.A. during the first week of the offer period (in Italian)
June 18, 2025
Offer document has been published (in Italian)
June 18, 2025
Subscription form for La SIA OPAS (in Italian)
June 18, 2025
Offer Document (in Italian)
June 16, 2025
Detachment of dividend coupons for Mare Group and resulting adjustment to the offer price (in Italian)
May 30, 2025
Communication pursuant to art. 102, paragraph 1, of Legislative Decree 24 February 1998, n.58 (in Italian)
OPAS Eles
THESE MATERIALS ARE NOT DIRECTED AT OR ACCESSIBLE TO U.S. PERSONS WITHIN THE MEANING OF REGULATION S OR BY PERSONS LOCATED IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA, OR ANY OTHER RESTRICTED JURISDICTION.
IN ORDER TO ACCESS THIS SECTION OF THE WEBSITE IT IS MANDATORY TO READ AND ACCEPT THE TERMS AND CONDITIONS SET OUT BELOW.
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The reader is required to read and evaluate this notice carefully, as it applies to all persons who view this webpage, before accessing this section, reading and/or using in any way the information hereinafter provided. By accessing this section you agree to be bound by the terms and conditions set out below. Please note that the terms and conditions set out below may be modified or updated. You should read it in full each time you visit this section.
This section provides relevant information regarding the voluntary partial public purchase and exchange offer (the “Offer“) concerning:
– Ordinary shares of Eles Semiconductor Equipment S.p.A. (“Issuer“) – ISIN code IT0005373417, admitted to trading on Euronext Growth Milan (the “Ordinary Shares“), and
– Multiple-voting shares named “Class B Shares” of Eles – ISIN code IT0005377467.00 (the “Multiple-Voting Shares“).
The Offer, announced by Mare Engineering Group S.p.A (the “Offeror“) in a press release published on June 10, 2025, pursuant to Article 102, paragraph 1, of Legislative Decree 58/1998, covers a total amount representing 29.99% of the exercisable voting rights in Eles’ shareholders’ meetings.
The Offer is launched exclusively in Italy as the Shares are listed exclusively on Euronext Growth Milan, Multilateral Trading Facility, organized and managed by Borsa Italiana S.p.A. and is subject to the disclosure requirements and procedural requirements provided for by Italian law.
The offer will be promoted by the Offeror in the manner and within the timeframe required by applicable law.This promotion involves submitting the offer document (the “Offer Document“) to CONSOB .The Offer Document will be published at the end of CONSOB‘s review, in accordance with Article 102, paragraph 4, of the TUF (Testo Unico della Finanza – the Consolidated Law on Finance, which is Italy’s primary law governing financial markets).
Before accepting the Offer, shareholders of the Issuer are advised to read carefully the documents concerning the Offer disclosed pursuant to applicable law.
The Offer has not been and will not be promoted publicly in the United States, Canada, Japan, Australia and any other jurisdiction where making the Offer or tendering shares to it would not comply with laws concerning financial markets or other laws or regulations of such jurisdictions or would require a prior registration, approval or filing with any supervisory authority (such countries including the United States, Canada, Japan and Australia, collectively, the “Excluded Countries“).
This section of the website and the documents and information contained in this area shall not be sent, nor in any way transmitted, or otherwise distributed, directly or indirectly, in whole or in part, in the Excluded Countries. Anyone receiving such documents shall not distribute, forward or send them (neither by postal service nor by using national or international instruments of communication or commerce) in the Excluded Countries.
Anyone who intends to access this section of the website and view the documents published therein, must read carefully and be fully aware of the information contained therein.
Information included in this section of the website do not constitute, and are not part of, an offer to buy or exchange, nor of a solicitation to offer to sell or exchange financial instruments in the United States or in any other Excluded Countries. Financial instruments cannot be offered or sold in the United States unless they have been registered pursuant to the U.S. Securities Act or are exempt from registration. No financial instrument can be offered or transferred in the Excluded Countries without specific approval in compliance with the relevant provisions applicable in such countries or without exemption from such provisions.
Tendering in the Offer by persons residing in jurisdictions other than Italy may be subject to specific obligations or restrictions imposed by applicable legal or regulatory provisions of such jurisdictions. Recipients of the Offer are solely responsible for complying with such laws and, therefore, before tendering in the Offer, they are responsible for determining whether such laws exist and are applicable by relying on their own advisors. Neither the Offeror nor the Issuer accept any liability for any violation by any person of any of the above restrictions.
I am aware that the above statements have the value of self-certification pursuant to Italian Presidential Decree no. 445 of 28 December 2000 and that false statements and declarations are punished as criminal offences.
By selecting the “I AGREE” button you represent and warrant, under your sole and full responsibility, that you are not physically located or resident in an Excluded Country, and that you have read, understood and fully accept and agree to abide by all of the above limitations.
August 06, 2025
August 04, 2025
August 04, 2025
August 04, 2025
OPAS Subscriptions on Eles reach 80%
Today, august 4, is the final day of the offer
August 01, 2025
Subscriptions in the third week of the acceptance period
Resolutions regarding the execution of the capital increase in support of the offer (in Italian)
July 31, 2025
Golden Power clearance received
July 31, 2025
Mare Group: procedures for participating in the Eles tender offer closing on august 4
July 29, 2025
Mare Group: Eles OPAS deadline set for august 4, 2025
July 25, 2025
Subscriptions during the second week of the acceptance period (in Italian)
July 21, 2025
Mare Group: “Eles, it’s time to change strategic direction”
July 18, 2025
Subscriptions in the first week of the acceptance period (in Italian)
July 04, 2025
Offer document has been published (in Italian)
July 04, 2025
OPAS Eles subscription form (in Italian)
July 04, 2025
Offer document (in Italian)
July 01, 2025
Purchases of Eles shares executed on the market
June 30, 2025
Purchases of Eles shares executed on the market
June 27, 2025
Purchases of Eles shares executed on the market
June 26, 2025
The maximum consideration of the Eles offer has fallen below €8 million, following off-market purchases (in Italian)
June 26, 2025
Purchases of Eles shares executed on the market (in Italian)
June 25, 2025
Payment of Mare Group’s dividend and resulting adjustment to the offer price (in Italian)
June 25, 2025
Purchases of Eles shares executed on the market (in Italian)
June 24, 2025
Purchases of Eles shares executed on the market (in Italian)
June 23, 2025
Purchases of Eles shares executed on the market (in Italian)
June 20, 2025
Purchases of Eles shares executed on the markett (in Italian)
June 19, 2025
Purchases of Eles shares executed on the market (in Italian)
June 18, 2025
Purchases of Eles shares executed on the market (in Italian)
June 17, 2025
Purchases of Eles shares executed on the markett (in Italian)
June 16, 2025
Purchases of Eles shares executed on the markett (in Italian)
June 13, 2025
Purchases of Eles shares executed on the market (in Italian)
June 12, 2025
Purchases of Eles shares executed on the market (in Italian)
June 10, 2025
Communication pursuant to art. 102, paragraph 1, of Legislative Decree 24 February 1998, n.58 (in Italian)
Offer for all Eles shares
BEFORE ACCESSING THE INFORMATION AND DOCUMENTS CONTAINED IN THIS SECTION OF THIS WEBSITE, PLEASE READ AND ACCEPT THE INFORMATION BELOW.
[show more...]
This notice applies to all viewers of this web page, therefore, the reader is required to read and evaluate its contents carefully before accessing this section, reading and/or using in any way the information provided here. By accessing this section, you accept the terms and conditions set out below. Please note that these terms and conditions may be modified or updated. You should read them in full each time you visit this section.
This section contains relevant information in relation to the voluntary public purchase offer (the “Offer”) for all the ordinary shares of Eles Semiconductor Equipment S.p.A. (“Issuer“) (ISIN code IT0005373417), admitted to trading on Euronext Growth Milan (the “Ordinary Shares“), and all the multiple-voting shares of the Issuer (ISIN code IT0005377467.00) (the “Multiple-Voting Shares“), announced by Mare Engineering Group SpA (the “Offeror”) with a press release published pursuant to art. 102, paragraph 1, of Legislative Decree 58/1998, on 6 October 2025.
The Offer is being promoted exclusively in Italy as the Issuer’s Shares are traded exclusively on Euronext Growth Milan, a multilateral trading facility organised and managed by Borsa Italiana SpA, and is subject to the reporting obligations and procedural requirements set forth by Italian law.
The Offer is made by means of the publication of an offer document subject to approval by Commissione Nazionale per le Società e la Borsa – CONSOB (the “Offer Document”). The Offer Document contains the full description of the terms and conditions of the Offer, including the acceptance procedures.
Before accepting the Offer, the Issuer’s shareholders are advised to carefully read the documentation on the Offer published in accordance with the law.
The Offer has not been and will not be promoted or publicly disseminated in the United States, Canada, Japan, Australia, or in any other country in which the promotion of the Offer or acceptance thereof would not comply with the laws on financial markets or other laws and regulations of such countries or would require prior registration, approval or filing with regulatory authorities (such countries, including the United States, Canada, Japan, Australia, collectively, the “Excluded Countries”).
Participation in the Offer by persons resident in countries other than Italy may be subject to specific obligations or restrictions provided for by legal or regulatory provisions. It is the exclusive responsibility of persons intending to participate in the Offer to comply with such provisions and, therefore, before participating in the Offer, such persons will be required to verify their existence and applicability, by contacting their consultants and complying with the provisions themselves before participating in the Offer.
No copy of the Offer Document, or portions thereof, as well as a copy of any document relating to the Offer will be, nor may be, sent, transmitted or distributed, directly or indirectly, – in any manner whatsoever – in or from any Excluded Country in which the provisions of local law may determine risks of a civil, criminal or regulatory nature if information concerning the Offer is transmitted or made available to shareholders of the Issuer in such Excluded Country or in other countries where such conduct would constitute a violation of the laws of such country. Any person receiving such documents (including in the capacity of custodian, fiduciary or trustee) is required not to send, transmit or distribute – in any manner whatsoever – the same to or from the Excluded Countries.
This section of this website, as well as the documents and/or information contained therein, do not constitute and cannot be interpreted as an offer, an invitation or a solicitation to buy or otherwise acquire, subscribe for, sell or otherwise dispose of financial instruments of the Issuer or the Offeror in the Excluded Countries.
Anyone who intends to access this section of the Offeror’s website and view the Offer Document and other documents published therein must read carefully and be fully aware of the above.
By selecting the “I ACCEPT” button, you declare and guarantee – under your full responsibility – that you are not a US Person pursuant to the applicable regulations and that you are not physically located or resident in the Excluded Countries, as well as that you have read, understood and fully accepted and undertake to comply with all the limitations indicated above.
November 27, 2025
November 27, 2025
November 27, 2025
November 26, 2025
November 21, 2025
November 07, 2025
October 27, 2025
October 23, 2025
October 23, 2025
October 20, 2025
October 16, 2025
October 14, 2025
October 13, 2025
October 10, 2025
October 09, 2025
October 08, 2025
October 07, 2025
October 07, 2025
October 07, 2025
Eles Warrant Offer
BEFORE ACCESSING THE INFORMATION AND DOCUMENTS CONTAINED IN THIS SECTION OF THIS WEBSITE, PLEASE READ CAREFULLY AND ACCEPT THE INFORMATION BELOW.
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The reader is required to read and evaluate this notice carefully, as it applies to all persons who view this webpage, before accessing this section, reading and/or using in any way the information hereinafter provided. By accessing this section you agree to be bound by the terms and conditions set out below. Please note that the terms and conditions set out below may be modified or updated. You should read it in full each time you visit this section.
This section contains relevant information regarding the voluntary purchase offer (the “Offer”) concerning all warrants denominated “Warrant Eles 2019-2026” (ISIN code: IT0005374258) (the “Warrants”) issued by Eles Semiconductor Equipment S.p.A. (“Eles” or the ‘Issuer’), admitted to trading on Euronext Growth Milan multilateral trading facility, announced by Mare Engineering Group S.p.A. (the “Offeror”) in a specific press release published on 6 October 2025.
The Offer is being promoted exclusively in Italy as the Warrants are traded exclusively on Euronext Growth Milan, a multilateral trading facility organized and managed by Borsa Italiana S.p.A.
The Offer is promoted under an exemption from the application of the laws and regulations governing public purchase and exchange offers, as the maximum total value of the Offer is less than the threshold of Euro 8 million referred to in the combined provisions of Articles 1, paragraph 1, letter v) and 100, paragraph 2, TUF and 34-ter, paragraph 01 of the Issuers’ Regulations. Therefore, the Offer does not fall within the definition of a public offer referred to in Article 1, paragraph 1, letter v) of the TUF.
The Offer is made by means of the publication of an information document that is not subject to approval by either the Commissione Nazionale per le Società e la Borsa – CONSOB or Borsa Italiana S.p.A. (the “Information Document”). The Information Document contains the full description of the terms and conditions of the Offer, including the acceptance procedures.
Before accepting the Offer, shareholders of the Issuer are advised to read carefully the documents concerning the Offer disclosed pursuant to applicable law.
The Offer has not been and will not be promoted publicly in the United States, Canada, Japan, Australia and any other jurisdiction where making the Offer or tendering financial instruments to it would not comply with laws concerning financial markets or other laws or regulations of such jurisdictions or would require a prior registration, approval or filing with any supervisory authority (such countries including the United States, Canada, Japan and Australia, collectively, the “Excluded Countries“).
This section of the website and the documents and information contained in this area shall not be sent, nor in any way transmitted, or otherwise distributed, directly or indirectly, in whole or in part, in the Excluded Countries. Anyone receiving such documents shall not distribute, forward or send them (neither by postal service nor by using national or international instruments of communication or commerce) in the Excluded Countries.
Anyone who intends to access this section of the website and view the documents published therein, must read carefully and be fully aware of the information contained therein.
Information included in this section of the website do not constitute, and are not part of, an offer to buy or exchange, nor of a solicitation to offer to sell or exchange financial instruments in the United States or in any other Excluded Countries. Financial instruments cannot be offered or sold in the United States unless they have been registered pursuant to the U.S. Securities Act or are exempt from registration. No financial instrument can be offered or transferred in the Excluded Countries without specific approval in compliance with the relevant provisions applicable in such countries or without exemption from such provisions.
Tendering in the Offer by persons residing in jurisdictions other than Italy may be subject to specific obligations or restrictions imposed by applicable legal or regulatory provisions of such jurisdictions. Recipients of the Offer are solely responsible for complying with such laws and, therefore, before tendering in the Offer, they are responsible for determining whether such laws exist and are applicable by relying on their own advisors. Neither the Offeror nor the Issuer accept any liability for any violation by any person of any of the above restrictions.
By selecting the “I AGREE” button you represent and warrant, under your sole and full responsibility, that you are not physically located or resident in an Excluded Country, and that you have read, understood and fully accept and agree to abide by all of the above limitations.
October 31, 2025
October 29, 2025
October 28, 2025
October 27, 2025
October 24, 2025
October 24, 2025
October 23, 2025
October 23, 2025
October 17, 2025
October 10, 2025
October 10, 2025
October 10, 2025
October 07, 2025
October 7, 2025
Merger of La SIA
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Merger of M2R Holding
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Financial statements of M2R Holding as of december 31, 2022 (in italian)
Statutory financial statements dossier of Mare Group as of december 31, 2024 (in italian)
Statutory financial statements dossier of Mare Group as of december 31, 2023 (in italian)
Mare Group statutory financial statements as of december 31, 2022 (in italian)
Merger of Powerflex
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Financial statements of Powerflex as of december 31, 2022 (in italian)
Statutory financial statements dossier of Mare Group as of december 31, 2024 (in italian)
Statutory financial statements dossier of Mare Group as of december 31, 2023 (in italian)
Mare Group statutory financial statements as of december 31, 2022 (in italian)
Governance
Corporate Bodies
Board of Directors
The Board of Directors consists of 5 members and will remain in office for 3 financial years, until the date of approval of the financial statements as of December 31, 2025.
Antonio Maria Zinno
Chief Executive Officer
Marco Bellucci
Chairman
Giovanni Caturano
Innovation & Communication Director
Francesco Grillo
Independent Director
Valeria Conti
Independent Director
Board of Statutory Auditors
Fabrizio Fiordilisio
Chairperson of the Board of Statutory Auditors
Dario Gravagnola
Standing Auditor
Federico Gruarin
Standing Auditor
Alessio Severino
Alternate Auditor
Federico Albini
Alternate Auditor
Supervisory Body
Nicola Di Palma
Chairperson
Francesco Iorio
Member
Fabio Caiazzo
Member
Audit Firm
The legal audit engagement has been awarded to Deloitte & Touche S.p.A. for the financial years 2025–2027.
Corporate Documents
Sustainability Report
Sustainability Report 2024 (in Italian)
Sustainability Report 2023 (in Italian)
Sustainability Report 2022 (in Italian)
Procedures
Mare Group S.p.A. 2024-2027 Stock Option Plan (in Italian)
Mare Group S.p.A. 2024-2027 Stock Grant Plan (in Italian)
Internal Dealing Procedure (in Italian)
Internal Dealing
11 Dicembre 2024
Internal Dealing Announcement by Gennaro Tesone (In Italian)
27 Novembre 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
27 Novembre 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
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August 23, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
August 23, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 20, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
August 20, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 15, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 09, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 09, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
August 07, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 07, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
August 05, 2024
Internal Dealing Announcement by Gennaro Tesone (In Italian)
August 02, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
August 02, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
August 01, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 26, 2024
Internal Dealing Announcement by Giovanni Caturano (In Italian)
July 26, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
July 26, 2024
Internal Dealing Announcement by Giovanni Caturano (In Italian)
July 26, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 24, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 22, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
July 19, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 18, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
July 15, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 15, 2024
Internal Dealing Announcement by Giovanni Caturano (In Italian)
July 14, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
July 12, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 12, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
July 08, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
July 05, 2024
Internal Dealing Announcement by Marco Bellucci (in italian)
July 04, 2024
Internal Dealing Announcement by Antonio Maria Zinno (in italian)
July 03, 2024
Internal Dealing Announcement by Antonio Maria Zinno (in italian)
June 28, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
June 27, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
June 26, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
June 18, 2024
Internal Dealing Announcement by Antonio Maria Zinno (In Italian)
June 18, 2024
Internal Dealing Announcement by Marco Bellucci (In Italian)
June 18, 2024
Internal Dealing Announcement by Giovanni Caturano (In Italian)
Shareholders' Meetings
November 07, 2025
Shareholders’ Meeting Minutes (in Italian)
Explanatory report of the board of directors on the items on the agenda
Mare Group: publication of the explanatory report on the items on the agenda of the ordinary shareholders’ meeting
Explanatory Report of the Board of Directors on the Items on the Agenda
Bilancio di Sostenibilità 2024
Civil Financial Statement File 2024
Consolidated Financial Statements 2024
Proposta motivata nomina società di revisione
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Notice of call of the ordinary shareholders’ meeting
May 23, 2025
Shareholders’ Meeting Minutes (in Italian)
Notice of call of the ordinary shareholders’ meeting
Extract of the notice of call for the ordinary shareholders’ meeting (in Italian)
Proxy pursuant to Article 135-undecies of the TUF (in Italian)
Explanatory report of the Board of Directors on the items on the agenda (in Italian)
Sustainability Report 2024 (in Italian)
2024 Statutory Financial Statements (in Italian)
2024 Consolidated Financial Statements (in Italian)
Reasoned proposal for the appointment of the auditing firm (in Italian)
March 07, 2025
Minutes of the ordinary and extraordinary shareholders’ meeting (in Italian)
Extended notice of the 2025 shareholders’ meeting (Errata Corrige) (in Italian)
Notice of call for the ordinary and extraordinary shareholders’ meeting (in Italian)
Explanatory report of the Board of Directors on the items on the agenda (in Italian)
Proxy pursuant to Article 135-novies of the TUF (in Italian)
Proxy pursuant to Article 135-undecies of the TUF (in Italian)
Mare Group Stock Option Plan 2025 – 2027 (in Italian)
Piano Stock Grant Mare Group 2025 – 2027 (in Italian)
Opinion pursuant to Article 2441 CS (in Italian)
CPC Report on Stock Option and Stock Grant Incentive Plans (in Italian)
Extract of the notice of call for the ordinary and extraordinary shareholders’ meeting (in Italian)
Relazione 2441 comma 6
December 16, 2024
Minutes of the extraordinary shareholders’ meeting (in Italian)
Full notice convening the extraordinary shareholders’ meeting (in Italian)
Proxy pursuant to Article 135-novies TUF (in Italian)
Proxy pursuant to Article 135-undecies TUF (in Italian)
Extract of the Notice of Extraordinary Shareholders’ Meeting (in Italian)
Explanatory Report of the Board of Directors on the Items on the Agenda (in Italian)
June 28, 2024
Shareholders’ Meeting Minutes (in Italian)
Full Notice of Ordinary Shareholders’ Meeting (in Italian)
Proxy pursuant to Article 135-novies TUF (in Italian)
Proxy pursuant to Article 135-undecies TUF (in Italian)
Extract of the Notice of Ordinary Shareholders’ Meeting (in Italian)
Consolidated Financial Statements Dossier as of 12/31/2023 (in Italian)
Individual Financial Statements Dossier as of 12/31/2023 (in Italian)
Explanatory Report of the Board of Directors on the Items on the Agenda (in Italian)
Financial Statements and Reports
2024
2024 Statutory Financial Statements
2024 Consolidated Financial Statements
Consolidated Half-Year Financial Statements as of June 30, 2024
Corporate Events
2025
April 11, 2025
Corporate Events Calendar 2025
September 27, 2025
Investor meetings
2024
September 26, 2024
Half-Year Financial Report as of June 30, 2024, voluntarily subject to limited audit review
November 6, 2024
FY 2024 Guidance, limited to (1) Production Value (2) EBITDA margin (3) and Net Financial Position
November 14, 2024
Review of selected information (Revenue, EBITDA Margin, NFP) indicative of business performance for Q3 2024
Information for Shareholders
Shares
Ordinary Shares
– ISIN Code: IT0005588626
– ISIN Code cum Bonus Share: IT0005588642
– Alphanumeric Code (Ticker): MARE.MI
Share Capital
The following table shows the composition of the shareholder structure:
| SHAREHOLDER | No. of Ordinary Shares | % of Share Capital |
|---|---|---|
| Antonio Maria Zinno | 3.043.920 | 20,36% |
| Marco Bellucci | 2.220.885 | 14,85% |
| Valerio Griffa | 1.792.133 | 11,98% |
| Invitalia S.p.A. | 948.332 | 6,34% |
| Algebris Investments Limited | 947.000 | 6,33% |
| Market and Other Shareholders | 6.001.163 | 40,13% |
| Total | 14.953.433 | 100,00% |
Obligations of Significant Shareholders
Pursuant to the Euronext Growth Milan Issuers’ Regulation, Mare Group S.p.A. (the “Company”) must promptly disclose and make available to the public any Material Change communicated by Significant Shareholders regarding ownership structures.
According to the Euronext Growth Milan Issuers’ Regulation and Article 15 of the Company’s Articles of Association, any individual holding at least 5% of a class of the Company’s financial instruments is considered a “Significant Shareholder.”
Exceeding the 5% threshold, as well as reaching or exceeding the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 50%, 66.6%, and 90%, constitutes, pursuant to the Transparency Discipline, a “Material Change” that must be communicated by Significant Shareholders to the Board of Directors of the Company in accordance with Article 15 of the Articles of Association.
In this regard, each Significant Shareholder must notify the Company, within 4 trading days from the day the transaction resulting in the Material Change took place, of the following information:
- The identity of the Significant Shareholders involved;
- The date on which the Material Change in shareholding occurred;
- The price, amount, and category of the Company’s financial instruments involved;
- The nature of the transaction;
- The nature and extent of the participation of the Significant Shareholder in the transaction.
The communication can be made using the dedicated form attached below, which should be sent via certified email (PEC) to maregroup@pec.it or by registered mail with return receipt to the Company.
Material Change Notification Form (in Italian)
Euronext Growth Advisor and Listing Advisors
Illimity Bank
Euronext Growth Advisor & Global Coordinator
Zephiro Investments
Financial Advisor
Legance Avvocati Associati
Deal Counsel
BDO
Audit Firm & Financial Due Diligence
BDO
Tax & Labor Due Diligence
IRTOP Consulting
Investor & Media Relations Advisor
Coverage
October 16, 2025
Financial Analyst Coverage by KT&Partners
May 26, 2025
Financial Analyst Coverage by Websim Corporate
May 15, 2025
Financial Analyst Coverage by KT&Partners
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March 3, 2025
Financial Analyst Coverage by Websim Corporate
December 12, 2024
Financial Analyst Coverage by Websim Corporate
October 14, 2024
Financial Analyst Coverage by KT&Partners
July 31, 2024
Financial Analyst Coverage by KT&Partners
June 4, 2024
Financial Analyst Coverage by KT&Partners
IPO
Terms and Conditions
To access this website, the Admission Document, and any other information contained in the following pages, it is necessary to read and accept the disclaimer provided below, which should be carefully evaluated before reading, accessing, or using the information provided herein in any way. By accessing this website, you agree to be bound by the terms and conditions set forth below, which may be modified or updated and therefore must be read in their entirety every time you access this site.
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The Admission Document presented in this section of the website (the “Admission Document“) has been prepared in accordance with the Issuers’ Regulation of the multilateral trading facility called “Euronext Growth Milan” organized and managed by Borsa Italiana S.p.A. for the purpose of admitting the ordinary shares (the “Shares“) of Mare Group S.p.A. (the “Company“) to such a trading facility. The offer of financial instruments contemplated in the Admission Document and any other information contained in the following pages do not constitute a “public offer” as defined by Legislative Decree No. 58 of February 24, 1998, and subsequent amendments (the “TUF“), and therefore, there is no requirement to prepare a prospectus under the schemes provided by EU Delegated Regulation No. 2019/980.
The Admission Document is therefore not a prospectus, and its publication does not need to be authorized by CONSOB pursuant to EU Regulation No. 2017/1129 or any other regulation governing the preparation and publication of prospectuses under Articles 94 and 113 of the TUF, including the issuers’ regulation adopted by CONSOB by resolution No. 11971 of May 14, 1999, as subsequently amended and supplemented. The information contained in this section of the website is disseminated in accordance with Articles 17 and 26 of the Euronext Growth Milan Issuers’ Regulation.
The Admission Document and any other information contained in this section of the website are accessible only by individuals who: (a) are residents of Italy and are not domiciled in or currently located in the United States of America, Australia, Japan, Canada, or any other country where the dissemination of the Admission Document and/or such information requires approval by the competent local authorities or is in violation of local laws or regulations (“Other Countries“); and (b) are not “U.S. Persons” as defined in Regulation S of the United States Securities Act of 1933, as amended, nor are acting on behalf of or for the benefit of such “U.S. Persons” without the existence of appropriate registration or a specific exemption from registration as provided under the United States Securities Act and applicable regulations. Access to this website, download, or temporary or permanent storage of the Admission Document and any other information contained in this section of the website is prohibited for “U.S. Persons” as defined above. The information contained in this section of the website may not be copied or forwarded. Under no circumstances is it permitted to distribute, directly or indirectly, the Admission Document and any other information contained in this section of the website to persons in the conditions set forth in points (a) and (b) above, and in particular, in the United States, Australia, Japan, Canada, or the Other Countries.
Regulation S of the United States Securities Act of 1933, as amended, defines a “U.S. Person” as: (1) any natural person resident in the United States; (2) partnerships and corporations incorporated and organized under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. Person; (4) trusts of which any trustee is a U.S. Person; (5) any agency, branch, or office of a person located in the United States; (6) non-discretionary accounts; (7) other similar accounts (except estates or trusts) managed or administered on behalf of or for the benefit of a U.S. Person; (8) partnerships and corporations if (A) incorporated and organized under the laws of any foreign jurisdiction; and (B) formed by a U.S. Person principally for the purpose of investing in securities not registered under the United States Securities Act of 1933, unless they are formed and owned by accredited investors (as defined in Rule 501(a) of the United States Securities Act of 1933) who are not natural persons, estates, or trusts.
Failure to comply with this provision may constitute a violation of the United States Securities Act or the applicable law of other jurisdictions.
The information contained on this website (or on any other website with which this website has hypertext links) does not constitute an offer, invitation to offer, or promotional activity in relation to the Shares of the Company to any citizen or resident of Canada, Australia, Japan, or the United States of America or in any other country in which such acts are not permitted without specific exemptions or authorizations from the competent authorities. The Shares are not and will not be registered under the United States Securities Act of 1933, as amended, or with any regulatory authority of any state or other jurisdiction of the United States of America, and may not be offered or sold in the United States of America or to, or for the account or benefit of, a “U.S. Person,” as defined above, in the absence of such registration or an express exemption from such requirement or in the Other Countries.
To access this website, the Admission Document, and any other information contained in the following pages, I declare under my full responsibility that I am a resident of Italy and not domiciled or currently located in the United States of America, Australia, Japan, Canada, or the Other Countries, and that I am not a “U.S. Person” as defined in Regulation S of the United States Securities Act of 1933, as amended.
Contact Investor Relator
Mare Group S.p.A.
Via ex Aeroporto, s.n.c. c/o Consorzio "Il Sole" – Lotto XI 80038 Pomigliano d'Arco (NA)
IRTOP Consulting
Via Bigli, 19 - 20121 Milano
INVESTOR & MEDIA RELATION ADVISOR
+39 02 45473883


