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Maire Tecnimont SpA Resolves Upon Share Grouping and Capital Increase Reserved to Arab Development Establishment and Capital Increase with Option Rights to Shareholders


Thursday, 6 Jun 2013 04:12am EDT 

Maire Tecnimont SpA announced that the Company's extraordinary Shareholders’ Meeting, for the purposes of implementing the financial reorganization project, resolved upon the grouping of the outstanding shares in a ratio of n.1 newly issued share without expressed face value accruing regular dividend every n.10 shares without expressed face value held, without implementing any reduction of the share capital; a capital increase, against payment, of a total amount (inclusive of share premium) of EUR 15,277,500 reserved to Arab Development Establishment; a divisible capital increase against payment of the total maximum amount, including any share premium, of EUR 134,722,500, with option rights to all Company shareholders through the issue of new ordinary shares, that shall have regular dividend and identical characteristics as the other shares outstanding at the time of their issue, to be executed after the completion of the subscription of the capital increase referred to previously and by September 30, 2013. With reference to the capital increase with option rights, the shareholders’ meeting resolved to assign to the Board of Directors all the powers required to determine the terms and conditions. 

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11:30am EDT