Independent journal on economy and transport policy
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To the institutional investors will go only 11% of the public offer for sale realized from Fincantieri
Al public retail will go 89%. The total proceeds deriving from the total offer are pairs to approximately 343,6 million euros
June 30, 2014
the institutional investors will have only 49,3 million actions deriving from the subscription and public offer for sale of Fincantieri, quota that is pairs to 10.95% of the offer, rather than a maximum 563,2 million set in action, pairs to approximately 80% of the actions object of the total offer, initially classified to the institutional investors as expected from the informative prospect. Al public retail will go instead 89.05% of the offer for a total of 400,7 million sets in action.
It today announces Fincantieri in the integrating warning to relative the informative prospect to the subscription and public offer for sale and admission to quotation on the organized and managed Share Computerized Market from Borsa Italiana. In the warning it is remembered that, "in consideration of the total amount of demands reached in the within for the indistinct takeover bid in Italy and for international the institutional placement", is deliberated "not to place the actions integrally object of the total offer, determining therefore the reduction of the number of the actions placed in the within of the total offer to total n. 450.000.000 set in action regarding the total maximums n. 703.980.000 set in action initially object of fine the same total offer at first and proceeding to such to the reduction of the number of actions offered from the shareholder vendor, pairs to n. 103.980.000 set in action, and only successively of those rivenienti from the capital increase, for a amount pairs to n. 150.000.000 set in action. The division of the actions between the institutional placement and the public offer - the integrating warning specifies - will be carried out making use also of the previewed faculty of claw back from the second section, chapter V, 5.2.3.2 paragraph of the informative prospect. Therefore it is previewed that n. 49.262.000 set in action will be assigned to the institutional investors and n. 400.738.000 set in action will be assigned to the indistinct public".
Fincantieri remembers moreover that "the total proceeds deriving from the total offer, calculated on the base of the offer price, to clearly of the recognized maximum commission to the Consortium for the public offer and to the Consortium for the institutional placement, are pairs to approximately euro 343,6 million".
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