14 February 2018 19:20
Price Sensitive extraordinary operations

Reverse stock split of ordinary shares

Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”) announces that on 19 February 2018, as part of the process of implementing the resolution approved by the Extraordinary Shareholders’ Meeting held on 12 February 2018, a reverse split of No. 813,045,631 existing ordinary shares will be carried out, at a ratio of No. 1 new ordinary share with no par value, regular entitlement and coupon No. 1 (ISIN Code IT0005322612), per No. 10 existing ordinary shares with no par value and coupon No. 18 (ISIN Code IT0003745889).

For the sole purpose of making the transaction numerically possible, No. 1 ordinary share, made available by Coop. Alleanza 3.0, will be cancelled, without reducing the share capital.

As a result of the reverse split, IGD’s share capital will remain unchanged and equal to Euro 599,760,278.16 divided into No. 81,304,563 ordinary share with no par value.

The reverse stock split will take place at Monte Titoli S.p.A. and be handled through intermediary depositaries, through the issuance of the new grouped shares replacing the existing ones.

In order to facilitate the implementation of the reverse stock split process for the individual shareholders and the management of any possible remains that might emerge from the same, IGD has appointed BNP Securities Services in order to be counterpart from 19 February 2018 to 26 February 2018 in the liquidation of grouped IGD shares’ fractions that are exceeding the minimum necessary to allow shareholders to hold a whole number of ordinary shares.

The abovementioned fractions will be liquidated, with no additional expenses, duties or fees, on the basis of the official price of the ordinary IGD shares recorded on 16 February 2018, i.e. the trading day preceding the day of the reverse stock split. The price will be notified to Monte Titoli S.p.A. and to the intermediary depositaries no later than 19 February 2018.

The intermediary depositaries will receive instructions, through Monte Titoli S.p.A., in order to ensure that holders of less than 10 existing shares receive, upon request, 1 new share against payment of the relative consideration, as determined above.

Holders of potential non-dematerialized ordinary shares are hereby reminded that reverse stock split transactions may be carried out only after they have surrendered their share certificates to an authorized intermediary for inclusion, in dematerialized form, in the centralized clearing system operated by Monte Titoli S.p.A. Therefore, holders of non-dematerialized ordinary shares are hereby requested to surrender their share certificates to an authorized intermediary as soon as possible.