Prelios SpA Announces Share Capital Increase Completion; Subscription Through Guarantee Commitments by Lenders Pirelli & C SpA, Intesa Sanpaolo SpA and UniCredit SpA
Prelios SpA announced that the divisible capital increase against payment, resolved upon by the Extraordinary Shareholders’ Meeting of May 8, 2013, has been completed. Following to the offer on the Stock Exchange of the option rights that remained unexercised after the offer period (the Rights), during which the total of n. 51,503,830 Rights have been sold, valid for the subscription of n. 118,458,809 Shares, n. 1,563,011 Shares (equal to 0.81% of the newly issued ordinary shares) for a total value of EUR 930,460.45 have been subscribed within the envisaged term. Considering the shares already subscribed upon rights issue, n. 76,300,085 Shares have been subscribed in total, equal to 39.49% of the newly issued ordinary shares, for a total of EUR 45,421,440.60. By fulfilling the guarantee commitments undertaken, the lenders of Prelios (Pirelli & C SpA and the lending banks, including Intesa Sanpaolo SpA and UniCredit SpA) shall subscribe, through the pro rata conversion of the respective receivables claimed from the Company, n. 116,895,802 Shares, for a total value of EUR 69,588,070.93. Following the above, the Capital Increase with Option Rights will be then subscribed for the envisaged total value of EUR 115,009,511.53. Fenice Srl also fully subscribed a reserved capital increase to the same for about EUR 70 million. The overall transaction ensures to the Company a cash capital increase equal to about EUR 115 million of new financial resources.
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