IGD SiiQ

Salta ai contenuti
 

Press releases

14 February 2018 | 19:20
Price sensitive Extraordinary operations

Reverse stock split of ordinary shares

Bologna, 14 February 2018 – Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”) announces that on 19 February 2018, as part of the process of implementing the resolution approved by the Extraordinary Shareholders’ Meeting held on 12 February 2018, a reverse split of No. 813,045,631 existing ordinary shares will be carried out, at a ratio of No. 1 new ordinary share with no par value, regular entitlement and coupon No. 1 (ISIN Code IT0005322612), per No. 10 existing ordinary shares with no par value and coupon No. 18 (ISIN Code IT0003745889).

For the sole purpose of making the transaction numerically possible, No. 1 ordinary share, made available by Coop. Alleanza 3.0, will be cancelled, without reducing the share capital.

As a result of the reverse split, IGD’s share capital will remain unchanged and equal to Euro 599,760,278.16 divided into No. 81,304,563 ordinary share with no par value.

The reverse stock split will take place at Monte Titoli S.p.A. and be handled through intermediary depositaries, through the issuance of the new grouped shares replacing the existing ones.

In order to facilitate the implementation of the reverse stock split process for the individual shareholders and the management of any possible remains that might emerge from the same, IGD has appointed BNP Securities Services in order to be counterpart from 19 February 2018 to 26 February 2018 in the liquidation of grouped IGD shares' fractions that are exceeding the minimum necessary to allow shareholders to hold a whole number of ordinary shares.

The abovementioned fractions will be liquidated, with no additional expenses, duties or fees, on the basis of the official price of the ordinary IGD shares recorded on 16 February 2018,i.e.the trading day preceding the day of the reverse stock split. The price will be notified to Monte Titoli S.p.A. and to the intermediary depositaries no later than 19 February 2018.

The intermediary depositaries will receive instructions, through Monte Titoli S.p.A., in order to ensure that holders of less than 10 existing shares receive, upon request, 1 new share against payment of the relative consideration, as determined above.

Holders of potential non-dematerialized ordinary shares are hereby reminded that reverse stock split transactions may be carried out only after they have surrendered their share certificates to an authorized intermediary for inclusion, in dematerialized form, in the centralized clearing system operated by Monte Titoli S.p.A. Therefore, holders of non-dematerialized ordinary shares are hereby requested to surrender their share certificates to an authorized intermediary as soon as possible.

Investor Relations Contacts
CLAUDIA CONTARINI
Investor Relator
Media Relations Contacts
FEDERICA CORBEDDU
Image Building
+39 02 89011300
CRISTINA FOSSATI
Image Building
+39 02 89011300
 
 
DISCLAIMER

In order to access this section of the website and any other information contained in following internet pages it is necessary to read and accept the information contained in this notice. This notice applies to the information following this page, and you are advised to read this carefully before reading, accessing or making any other use of the information that follows. In accessing this section of the website, you agree to be bound by the following terms and conditions which may be altered or updated and therefore should be read by you in full each time you visit this site.

Any information contained in following internet pages are accessible only to persons who: (a) are not currently domiciled or located in the United States of America, Australia, Japan or Canada, or in any other country in which the dissemination of such information requires the approval of local Authorities or is otherwise in violation of governing statues or laws ("Other Countries"); and (b) are not "U.S. Persons" as this term is defined in Regulation S of the United States Securities Act of 1933, as amended.

"U.S. Persons", as this term is defined above, are forbidden access to through this section of the website.

The information contained on the following Internet pages may not be copied or forwarded and for no reasons and under no circumstances may the information contained on the following Internet pages be disseminated, directly or through any third parties, outside the Italian territory and, in particular, in the United States of America, Australia, Japan, Canada, or Other Countries. The following does not constitute or form a part of, and should not be construed as, an offer by or on behalf of IGD SIIQ or an invitation to subscribe for or purchase any securities in the United States, as defined in the U.S. Securities Act of 1933, as amended. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration under that Act or an available exemption from it.

As defined in the Securities Act of 1993, as amended, the term "U.S Person" means: (1) any natural person resident in the United States; (2) any partnership or corporation organized or incorporated under the laws of the United States; (3) any estate of which any executor or administrator is a U.S. person; (4) any trust of which any trustee is a U.S. person; (5) any agency or branch of a foreign entity located in the United States; (6) any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person; (7) any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (8) any partnership or corporation if: (A) organized or incorporated under the laws of any foreign jurisdiction; and (B) formed by a U.S. person principally for the purpose of investing in securities not registered under the Securities Act, unless it is organized or incorporated, and owned, by accredited investors (as defined in Rule 501(a)) who are not natural persons, estates or trusts.

In order to access to this section of the website and any other information contained in following internet pages, I declare under my responsibility not to be currently domiciled or located in the United States of America, Australia, Japan, Canada, or in the Other Countries and not to be a "U.S. Person" as this term is defined in Regulation S of the United States Securities Act of 1933, as amended.

I acknowledge and accept the conditions set above