Mandate given to call Extraordinary Shareholders' Meeting to authorise share capital increase for a maximum euro 460 million
- Mandate given to call the Extraordinary Shareholders’ Meeting to authorise a share capital increase, exercisable until December 31, 2011, for a maximum amount of Euro 460 million
- Subscription price to be based on market conditions at the time of the offer
- Agreements concluded with Credit Suisse Securities (Europe) Limited as Global Coordinator and Bookrunner regarding the subscription of all unexercised options
In order to meet the Risk Tolerance objectives established by the Board of Directors and following the appointment to examine the option of a share capital increase, together with other options to strengthen the balance sheet and as emerging from the Contingency Plan examined on November 10, it is announced that the Board of Directors of Fondiaria-SAI S.p.A. has mandated the Chairman to call an Extraordinary Shareholders’ Meeting to examine and approve the proposal to authorise the Board of Directors, in accordance with article 2443 of the civil code, to undertake a paid-in divisible share capital increase, exercisable until December 31, 2011, for a maximum amount of Euro 460 million through the issue of new ordinary and savings shares to be offered as options to shareholders.
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