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Maire Tecnimont SpA Informs Regarding Reserved Capital Increase Paid In By ARDECO


Tuesday, 11 Jun 2013 12:21pm EDT 

Maire Tecnimont SpA announced that on June 11, 2013 Arab Development Establishment (ARDECO) has underwritten and paid in the indivisible capital increase against payment, for an overall amount, including share premium, equal to EUR 15,277,500, reserved to it and, consequently, with exclusion of the option right, resolved upon by Maire Tecnimont's Extraordinary Shareholders’ Meeting of June 6, 2013. ARDECO operates in the Emirate of Abu Dhabi, with operations in various sectors, ranging from oil & gas, petrochemicals, power and water, to the infrastructure and manufacturing industry. The reserved capital increase has been underwritten by ARDECO against issuance of n. 1,697,500 Maire Tecnimont ordinary shares – equal to 5% of the reserved share capital post-increase – at a price of EUR 9.00 per share, of which EUR 8.50 as share premium. The newly issued shares shall accrue regular dividend, have identical characteristics as the outstanding shares at the moment of issuance and enjoy the option rights deriving from the capital increase with option rights. Maire Tecnimont also informs that ARDECO has notified the Company of its intention also to underwrite the percentage of the option rights it is entitled to exercise with accordance to the shares held (equal to 5%), for a maximum amount of approximately EUR 6,736,000. 

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