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Hera SpA Concludes Subscription Period of Tender Offer on Acegas-APS SpA Shares

Tuesday, 5 Mar 2013 05:04am EST 

Hera SpA announced that on February 27, 2013 it has concluded the subscription period for the tender offer promoted by Hera SpA on 20,393,006 Acegas-APS SpA ordinary shares, corresponding to approximately 37.09% of the share capital of Acegas-APS SpA. Following the subscription period, there have been subscribed 16,511,517 shares, representing approximately 80.97% of the offered shares and approximately 30.03% of Acegas-APS SpA's share capital. Thus, Hera SpA will hold a total of 50,978,458 Acegas-APS SpA shares, representing approximately 92.72% of the share capital of Acegas-APS SpA. The payment of the consideration of the offer will take place on March 6, 2013. As, following the subscription period, Hera SpA has a stake in Acegas-APS SpA of more than 90%, but less than 95%, it has the obligation to acquire the 3,881,489 remaining Acegas-APS SpA shares not yet subscribed representing approximately 7.06% of Acegas-APS SpA share capital. Hera SpA also announced that Borsa Italiana SpA will arrange for the delisting of Acegas-APS SpA's shares on the MTA (Mercato Telematico Azionario) from the day of the Payment Date of the Obligatory Purchase. 

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