15 May 2014 16:07
Price Sensitive extraordinary operations

Consob authorizes the publication of the Registration Document, Informative Note and the Summary Note relative to the offer reserved for those entitled to receive the dividends paid for the financial year 2013 (the “Dividend Reinvestment Option”)

Today Consob authorized the publication of the Registration Document, Informative Note on the Financial Instruments and the Summary Note relative to the public offering, reserved for those entitled to receive the dividends paid on IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD”)’s ordinary shares for the financial year 2013, to subscribe a capital increase, excluding pre-emption rights, of up to a maximum of the 10% of the Company’s pre-existing share capital, pursuant to Art. 2441, par. 4 (2) of the Italian Civil Code.

As disclosed to the market on 12 May 2014, on the basis of the resolution resolved upon by the Board of Directors on the same date in execution of the resolution of the Annual General Meeting held on 15 April 2014, the capital increase will be done throught the issue of a maximum of 15,640,526 ordinary shares without a stated par value, to be offered at a price of 1.155 per share, up to a maximum of Euro 18,064,807.53.

The Board of Directors established the offering period to begin on 19 May 2014 (the ex-dividend date for coupon n. 12 relative to the 2013 dividend and for coupon n. 13 relative to the capital increase subscription rights) and end by 30 May 2014. The right to subscribe shares represented by coupon n. 13 is neither negotiable nor transferrable.

The newly issued shares will be offered at an exchange ratio of 4 new ordinary shares for every 89 ordinary shares on which the 2013 dividend was paid.

The prospectus will be published pursuant to the applicable laws, subject to the release of the required authorizations, and will made available to the public for the entire offering period at IGD’s registered office in Ravenna, via Agro Pontino, n. 13, as well as on the website of both IGD (www.gruppoigd.it) and Borsa Italiana-S.p.A.