SEC SpA (LON:SECG) Chief Executive Officer Fiorenzo Tagliabue and Managing Director Cesare Valli caught up with DirectorsTalk to discuss their admission to the AIM market on the London Stock Exchange
Q1: Now first off, congratulations on SEC SpA’s IPO this morning, can you give us some more details around that and how much did you raise?
A1: So the evaluation of the company was established at 18 million and we raised more than €4 million so at the end our capitalisation is a bit more than €22 million and we have now 19 shareholders which cover about 20% of the share, the stake.
Q2: What will you be using the proceeds of the transaction for?
A2: As you know we plan to build a global partnership in three steps, the first one is Europe where we would like to complete renegotiations within the end of the year in the UK and we will do it just in the coming weeks and before the end of the year in Poland and France. After that, we will phase the second of the third step in our project which concerns USA and Latin America, second step, and Middle East and the third one the Far East. Of course the money we raised in this first raising capital is not enough for this very ambitious project but this is a start for us.
Q3: So why have you chosen to list in London?
A3: We chose London for a number of reasons, first of all AIM in London is certainly larger than the one in Milan with more liquidity and that is the most important reason but not the only one. AIM London is even more used to dealing with service companies like we are so it has been easier to deal with investors in London because they know what kind of business we run and we don’t need to explain in a very detailed manner what this business is. The third is that many headquarters of international companies are based in London which is the most competitive market place in our business, in the heart of our business, so we wanted to be here to play a role in the future.
Q4: Now you have some exciting growth plans for SEC SpA, can you tell us a little bit more about those?
A4: Well Mr Fiorenzo Tagliabue already explained a bit of that, we are going to target UK for an acquisition then France and Poland so we will complete Europe. We’ll then move on to North and South America and Far East later on but clearly we have an even goal to invest in digital, the digital world is becoming everyday more important, and we believe that there are many opportunities in the digital world and our skill supplied to the digital capacity will certainly give us good opportunity so this would be another line of development for the company going forward.
