Prelios: early closure of the stock exchange offer of unexercised rights




Milan, 1 March 2016 – With reference to the press release issued on 24 February 2016, Prelios S.p.A. (“Prelios” or the “Company”) wishes to announce that, during the second trading session held on today’s date, all of the 251,496,500 option rights not exercised during the subscription period (the “Unexercised Rights”) with an overall value of about Euro 34,522.55 have been sold, during the rights offering for the maximum no. of 646,145,631 newly issued Prelios ordinary shares (the “Shares”), which allow for the subscription of 226,346,850 Shares, with an overall value of about Euro 23.3 million.

Accordingly, the use of Unexercised Rights acquired during the Stock Exchange Offer and, consequently, the subscription of Shares, must be conducted, on pain of forfeiture, no later than the third Stock Exchange trading day following today’s notification of early closure, and therefore, by 4 March 2016.

The Unexercised Rights will be made available for purchase through authorised intermediaries who have signed up to the Monte Titoli S.p.A. centralised management system and may be used for the subscription of Shares - having the same characteristics as the outstanding shares and regular dividend entitlements - at a price of Euro 0.1029 per share, at a ratio of 9 Shares for every 10 Unexercised Rights.

Once again, the Prelios capital increase is fully backed by the Lending Banks[1] who have undertaken, in their capacity as guarantors, severally and without any joint and several guarantee between them, to subscribe any Prelios shares which have remained unsubscribed at the end of the Stock Exchange Offer of the Unexercised Rights.



[1] Intesa Sanpaolo S.p.A., UniCredit S.p.A., Banca Monte dei Paschi di Siena S.p.A., Banca Popolare di Milano Soc.Coop.a r.l., Banca Popolare di Sondrio Soc.Coop.p.A., Banca Carige S.p.A. – Cassa di Risparmio di Genova e Imperia, Banca Popolare dell’Emilia Romagna Soc. Coop, with Banca IMI S.p.A. as Agent Bank.