Dematerialization Scheme

Share Dematerialization is' a process of transforming corporate shares from paper form to digital form. In this way, shares can be registered in securities dossiers at one's bank and transferred by means of normal digital notations between financial intermediaries, as is already the case for shares in S.p.A.'s.

Law 21/2024

Article 3 of the Capital Law introduced the possibility of dematerializing shares also for S.r.l. 's that fall into the SME (Small and Medium Enterprises) category.

In Italy, Euronext Securities Milano (Monte Titoli S.p.A.) acts as the central depository for dematerialized financial instruments. The Offeror can decide whether to operate independently at the central depository or use a third party company specializing in this activity the" Issuer Agent".

Mamacrowd is accredited with Euronext Securities Milano as an "Issuer Agent," enabling it to support companies in all the procedures required to manage offerings in the Dematerialization Regime.

What are the advantages?

The advantages of the dematerialization of S.r.l. shares are many for both companies and investors, including:

• Greater liquidity and accessibility: dematerialized shares can be traded quickly, simplifying buying and selling and increasing the attractiveness of SMEs to investors. Transfers take place with just a few clicks, without notarized deeds or complex registration processes. The transaction is handled by the centralized management company (Euronext), which updates the parties' securities accounts without the need for physical certificates;
• Tax substitute: the banks of the respective parties will act as tax substitutes for individuals;
• Reduced bureaucracy and costs: dematerialized shares eliminate the need to store and exchange paper documents, simplifying procedures and reducing the time and expense associated with transactions;
• Security and transparency: dematerialized shares are easily traceable, reducing the risks of loss, forgery or dispute.

Securities Deposit Account (CDT)

A securities deposit account is the instrument by which a financial intermediary, such as a bank, stores and administers clients' financial instruments, including handling buy, sell, and subscription orders.

Aninvestor who joins an offering on Mamacrowd under the Dematerialization Regime must have a Securities Deposit Account (CDT) with a bank or SIM, where the securities purchased will be kept. The CDT can be indicated at the time of investment or communicated to Mamacrowd later, before the closing of the offering.

How to recognize if an offering is in Dematerialization Regime on Mamacrowd?

The presence of the CDT "stamp" (securities deposit account), in the top bar, identifies the offering in Dematerialization Regime therefore it is necessary to have a Securities Deposit Account to participate.

Important

If after 8 days from the closing of the campaign the Investor has not entered the Securities Deposit Account number in their portfolio on Mamacrowd, the order will be automatically cancelled by the Manager who will arrange for the return of the collected order amounts.

How the Securities acquired in the event of a successful campaign are handled

The issuance of the Securities will be handled by the Company and/or the Issuer Agent in Dematerialization Regime. Upon completion of the transaction, the Investor will be able to see the subscribed Securities in his/her Securities Deposit Account.