(Alliance News) - Yolo Group Spa announced Tuesday that Borsa Italiana spa has arranged for the company's shares to be admitted to the ordinary segment of Euronext Growth Milano.

The start date for trading of the ordinary shares and convertible bonds is set for Feb. 29.

"The transition of trading to the ordinary segment of Euronext Growth Milan is part of the path we had set out for investors at the time of listing in August 2022. The evolution of the business in 2023 proves that our strategic choices were correct. The results achieved and the path Yolo is taking reflect the solid positioning in insurtech and the possibility of accelerating the implementation of the business plan," said Gianluca de Cobelli, co-founder and CEO of Yolo.

Yolo Group's stock is unchanged at EUR2.74 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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