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Rizzoli Corriere Della Sera Mediagroup SpA Approves Share Capital Increase and Financing Contract


Thursday, 13 Jun 2013 04:20pm EDT 

Rizzoli Corriere Della Sera Mediagroup SpA announced that the Board of Directors of the Company approved the final terms of the share capital increase for up to maximum approximately EUR 421 million (EUR 420,773,159.66). The capital increase will be carried through the issuance of maximum 323,807,079 ordinary shares at a price of EUR 1.235 per share, equaling to approximately EUR 400 million (EUR 399,901,742.57); and through the issuance of maximum 77,878,422 savings shares of B Category which will be offered in option at a price of EUR 0.268 per share, for a maximum of EUR 21 million (EUR 20,871,417.10). For every one ordinary or saving share already held, three new ordinary or saving shares, respectively, will be assigned. The Company also announced that the Board has approved the signing of the financing contract with Intesa Sanpaolo SpA, UBI Banca (Banca Popolare di Bergamo e Banca Popolare Commercio e Industria), UniCredit SpA, BNP Paribas Succursale Italia SpA, Banca Popolare di Milano Scarl and Mediobanca - Banca di Credito Finanziario SpA for up to a maximum of EUR 600,000,000. The disbursement of the loan is subject to the actual subscription and payment of the capital increase for an amount not less than EUR 380 million. As the Company has approved the guarantee agreement relating to the Ordinary Shares and it has received unconditional irrevocable commitments by shareholders, the share capital increase is already guaranteed by an amount equal to EUR 380 million.