4 March 2005 15:52
Price Sensitive corporate governance

Exercise of the Greenshoe

Today, Banca Caboto – Global Coordinator of the Italian Public Offering of the ordinary shares of IGD S.p.A., together with JP Morgan and Unipol Merchant – exercised in whole, on behalf of the Institutional Managers, the greenshoe option by subscribing n. 9.550.000 ordinary shares of IGD, equivalent to 10% of the total amount of the Global Offering.

As a consequence of the full exercise of the greenshoe option, the number of IGD S.pA. shares placed to the market is n. 105.000.000, equivalent to a free-float of approximately 37%.

The Pubblic Offering of the IGD S.p.A. shares recorded an oversubscription of 9 times the Global Offering, with n. 17.524 requests from the General Public equivalent to 4 times the minimum quantities reserved for theme.

The shares relating to the greenshoe exercise were entirely offered to Institutional Investors.