Merger plan for the incorporation of IGD Property SIINQ S.p.A. and of Punta di Ferro SIINQ S.p.A. into IGD SIIQ S.p.A.
IGD – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD SIIQ S.p.A.” or the “Company”), one of the main player owner and manager of retail shopping centers in Italy and listed on the STAR segment of the Italian Stock Exchange, advises that, today, the Board of Directors approved the merger plan for incorporation of the wholly-owned companies IGD PROPERTY SIINQ S.p.A. and PUNTA DI FERRO SIINQ S.p.A. (jointly the “Incorporated Entities”). The merger plan has also been approved, today, by the relevant corporate bodies of the Incorporated Entities.
The documentation relating to the aforementioned merger plan, as provided by applicable laws, is available to the public at the head office of the Company, on the Governance Section of its website (address www.gruppoigd.it), on the Storage Mechanism SDIR_NIS (address www.emarketstorage.com) and with all the other modalities provided under applicable laws.
The documentation is composed by the merger plan, by the merger financial statement of IGD SIIQ S.p.A. as at September 30th, 2016 and by the balance sheets of the companies participating to the transaction referred to the last three financial years.
The transaction is a part of the streamlining and simplifying program of the current corporate structure of the IGD SIIQ S.p.A. Group. By means of the incorporation of the assets of the Incorporated Entities into IGD SIIQ S.p.A. will be realized a single, more rational and economically viable corporate structure that will improve the exploitation of the assets of the participating companies by granting IGD SIIQ S.p.A. with the possibility to directly exercise those activities so far carried out by the Incorporated Entities.
In particular, the merger will be finalized according to the simplified procedure provide by Sec. 2505 of the Italian Civil Code and, therefore, will be subsequently approved by the Board of Directors of the Issuer, according to Sec. 2505, par. 2, of the Italian Civil Code and Art. 22 of the Company’s by-laws.
For more information please read the merger notice at the following link and the merger plan at the following link.
