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Autogrill SpA and World Duty Free SpA Execute Deed of Proportional Partial Demerger of Autogrill SpA in Favour of World Duty Free SpA


Thursday, 26 Sep 2013 05:01am EDT 

Autogrill SpA announced that, together with World Duty Free SpA (WDF), it has executed, on September 26, 2013, the deed of proportional partial demerger of Autogrill that will be filed for registration with the Novara Companies Registrar. Following said registration, the demerger is expected to become effective on October 1, 2013 and WDF shares to start trading on the Mercato Telematico Azionario (electronic stock market) on the same date. As a result, and in accordance with resolutions of shareholders’ meetings (extraordinary sessions) of Autogrill and WDF on June 6, 2013, as from the date the demerger will be effective WDF will adopt the by-laws attached to the demerger project and make a corporate capital increase of EUR 63,600,000 by issuing 254,400,000 ordinary shares with no face value to be assigned to Autogrill shareholders on the basis of 1 WDF share per each Autogrill share held. The demerger will also entail a EUR 63,600,000 reduction of Autogrill’s share capital without any cancellation of shares. As of October 1, 2013, Autogrill’s share capital will therefore amount to EUR 68,688,000, fully subscribed and paid in, and representing by 254,400,000 ordinary shares with no face value, while the share capital of WDF will be equal to EUR 63,720,000, fully subscribed and paid in, representing by 254,520,000 ordinary shares with no face value. 

Company Quote

7.455
0.125 +1.71%
27 Jan 2015