21 October 2014 12:23
Price Sensitive extraordinary operations

Share capitale increase: the offer on the Milan Stock Exchange for the unexercized option rights closed early

 Following the press release published on 17 October 2014, IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD”) announces that during the first trading session held today, all of the No. 896,740 rights not exercised during the offering period (the “Unexercised Rights”) for the subscription of No. 986,414 newly issued IGD ordinary shares (the “Shares”) have been sold.

The exercise of the Unexercised Rights purchased during the offer to the Market and, therefore, the subscription of the related Shares shall be carried out, under penalty of forfeiture, by and no later than the third trading day following the early closing notification, and therefore by 24 October 2014.

The Unexercised Rights will be made available to purchasers through authorized intermediaries members of the centralized management system of Monte Titoli S.p.A and may be used to subscribe the Shares, at a price of Euro 0.504 per share based on a ratio of No. 11 Shares for every No. 10 Unexercised Rights.

Please note that the offering was completely guaranteed, as BNP Paribas, as Sole Global Coordinator and Joint Bookrunner, and Banca IMI, as Joint Bookrunner, undertook, under terms and conditions customary for similar transactions, to subscribe the newly issued Shares for an amount equal to the Unexercised Rights up to the total amount of the Offer to the Market, taking into consideration the subscription undertakings of Coop Adriatica S.c.a r.l. and Unicoop Tirreno Soc. Coop., IGD’s shareholders, which subscribed in full their respective portions of the share capital increase, for a total amount of approximately Euro 114 million.

The Registration Document, the Information Note and the Summary Note are available at the registered office of IGD, in Ravenna, via Agro Pontino, n. 13, as well as on the website of IGD www.gruppoigd.it This communication does not constitute an offer or an invitation to subscribe for or purchase any securities.