Bond offering convertible into the ordinary shares of IGD
10 May 20077:34
Price Sensitiveextraordinary operations
Bond offering convertible into the ordinary shares of IGD
Bond offering convertible into the ordinary shares of IGD
Immobiliare Grande Distribuzione S.p.A. (“IGD”) has received from Coop Adriatica and Unicoop Tirreno – IGD’s shareholders having respectively a 45.5% and a 14.9% stake in IGD share capital – a letter, addressed also to the joint bookrunners JPMorgan and BNP Paribas, relating to the issue of the bonds convertible (the “Bonds”) into the ordinary shares of IGD, as announced by IGD in its press releases dated 7 and 10 May 2007.
Coop Adriatica and Unicoop Tirreno have: (i) expressed a favourable view on the transaction announced by IGD and agreed to fully support the transaction; (ii) agreed to vote, in the extraordinary shareholders’ meeting of IGD which will be called for such purpose, in favour of the proposal to issue the Bonds with the exclusion of pre-emption rights pursuant to Article 2441, paragraph 5 of the Italian Civil Code, and the capital increase in connection with such issue upon the terms and conditions announced by IGD in its press releases dated 7 and 10 May 2007; (iii) confirmed their availability and intention, in their capacity as IGD’s institutional shareholders, to subscribe up to 38.4% and up to 12.6% respectively of the offering, and (iv) agreed to undertake a lock-up obligation for a period up to the date falling 90 days as per the date of the closing and settlement of the bond offering.
In order to access this section of the website and any other information contained in following internet pages it is necessary to read and accept the information contained in this notice. This notice applies to the information following this page, and you are advised to read this carefully before reading, accessing or making any other use of the information that follows. In accessing this section of the website, you agree to be bound by the following terms and conditions which may be altered or updated and therefore should be read by you in full each time you visit this site.
Any information contained in following internet pages are accessible only to persons who: (a) are not currently domiciled or located in the United States of America, Australia, Japan or Canada, or in any other country in which the dissemination of such information requires the approval of local Authorities or is otherwise in violation of governing statues or laws (“Other Countries”); and (b) are not “U.S. Persons” as this term is defined in Regulation S of the United States Securities Act of 1933, as amended.
“U.S. Persons”, as this term is defined above, are forbidden access to through this section of the website.
The information contained on the following Internet pages may not be copied or forwarded and for no reasons and under no circumstances may the information contained on the following Internet pages be disseminated, directly or through any third parties, outside the Italian territory and, in particular, in the United States of America, Australia, Japan, Canada, or Other Countries. The following does not constitute or form a part of, and should not be construed as, an offer by or on behalf of IGD SIIQ or an invitation to subscribe for or purchase any securities in the United States, as defined in the U.S. Securities Act of 1933, as amended. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration under that Act or an available exemption from it.
As defined in the Securities Act of 1993, as amended, the term “U.S Person” means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.
In order to access to this section of the website and any other information contained in following internet pages, I declare under my responsibility not to be currently domiciled or located in the United States of America, Australia, Japan, Canada, or in the Other Countries and not to be a “U.S. Person” as this term is defined in Regulation S of the United States Securities Act of 1933, as amended.
