Pirelli & C. Capital increase successfully concluded
- 9TH JUNE CAPITAL INCREASE CUM WARRANT LAUNCH SUCCESSFULLY CONCLUDED
- 1,557,159,063 ORDINARY SHARES, WITH THE SAME NUMBER OF FREE WARRANTS, HAVE BEEN SUBSCRIBED, i.e. 99,70% OF THE OFFER, WITH A COUNTERVALUE OF EUR 809,722,712.76
- 1,565,421 RIGHTS, CORRESPONDING TO 4,696,263 SHARES CUM WARRANTS, WERE NOT SUBSCRIBED, AND WILL BE TRADED ON THE STOCK EXCHANGE FROM 7 JULY 2003
Milan, 2 July 2003 - The capital increase cum warrant, resolved by the Pirelli & C. extraordinary shareholders' meeting of 7 May 2003, has been concluded with total success.
During the pre-emption period, starting on 9 June and ending on 27 June 2003, 1,557,159,063 ordinary shares combined with the same number of free warrants, i.e. 99.70% of the offer, were subscribed at the price of EUR 0.52 each. This represents an approximate countervalue of 809.7 million euros.
This leaves 1,565,421 pre-emption rights, corresponding to 4,696,263 shares with warrants, not subscribed. These will be offered on the Stock Exchange on the company's behalf by Mediobanca SpA, in the trading sessions on 7, 8, 9, 10 and 11 July 2003.
Camfin SpA exercised the pre-emptive rights corresponding to its holding of Pirelli & C. SpA shares, to subscribe to 554,556,642 shares with warrants (i.e. 35.51% of the offer). The other members of the Pirelli & C. block shareholders' syndicate - specifically Rizzoli Corriere della Sera Mediagroup Spa, Fondiaria - SAI SpA, Mediobanca - Banca di Credito Finanziario Spa, Edizione Holding Spa, R.A.S. SpA, Assicurazioni Generali SpA, S.M.I. SpA, Massimo Moratti and Sinpar Holding SpA - subscribed to 669,729,516 shares with warrants, i.e. 42.88% of the offer, exercising the pre-emptive rights on the shares they hold as a syndicate.