Settlement of the exchange offer in respect of its convertible bonds having asexhange consideration a new senior bond "?144,9..
07 Mai 2013 - 8:22PM
Italian Regulatory (Text)
IL PRESENTE DOCUMENTO NON E' DESTINATO ALLA DIFFUSIONE,
PUBBLICAZIONE O DISTRIBUZIONE AD ALCUNA U.S. PERSON, (COME DEFINITA
AI SENSI DELLA REGULATION S DEL UNITED STATES SECURITIES ACT DEL
1933, COME SUCCESSIVAMENTE MODIFICATO) NEGLI STATI UNITI, I SUOI
TERRITORI O POSSEDIMENTI OGNI STATO DEGLI STATI UNITI O DISTRETTO
DELLA COLUMBIA (GLI STATI UNITI) OVVERO AD ALCUNA PERSONA UBICATA O
RESIDENTE IN ALCUNA ALTRA GIURISDIZIONE IN CUI SIA ILLEGALE
DISTRIBUIRE IL PRESENTE DOCUMENTO. NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN OR INTO
THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF
THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES)
OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION
WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
PRESS RELEASE
IGD - SETTLEMENT OF THE EXCHANGE OFFER IN RESPECT OF ITS "
230,000,000 3.50 PER CENT. CONVERTIBLE BONDS DUE 2013", HAVING AS
EXCHANGE CONSIDERATION A NEW SENIOR BOND " 144,900,000 4.335 PER
CENT. NOTES DUE 7 MAY 2017"
Bologna, 7 May 2013 Immobiliare Grande Distribuzione SIIQ S.p.A.
("IGD" or the "Company") announces today the settlement of the
Exchange Offer, disclosed to the market on 18 April 2013 (the
"Exchange Offer"), addressed to the holders of the outstanding "
230,000,000 3.50 per cent. Convertible Bonds due 2013" (ISIN:
XS0301344940) issued by the Company (the "Convertible Bonds")
having as consideration senior unsecured fixed rate notes "
144,900,000 4.335 per cent. Notes due 7 May 2017" (the "New
Notes"). The Exchange Offer has been addressed exclusively to the
holders of the Convertible Bonds who are "qualified investors"
pursuant to applicable Italian and foreign laws and regulations,
excluding the United States, pursuant to Regulation S of the US
Securities Act of 1933, as subsequently amended. IGD has issued, as
part of the Exchange Offer, New Notes, in denomination of Euro
100,000 each, for an overall principal amount of Euro 122,900,000.
Moreover, the Company has issued the residual New Notes not
exchanged, which have been placed to investors who are "qualified
investors" pursuant to applicable Italian and foreign laws and
regulations for an overall principal amount of Euro 22,000,000.
Therefore, the Company has today issued an overall principal amount
of New Notes of Euro 144,900,000. Moreover, the Company has paid to
all holders whose Convertible Bonds have been accepted for
exchange, pursuant to the Exchange Offer, an Accrued Interest
Payment equal to interest accrued and unpaid on such Convertible
Bonds from (and including) the immediately preceding interest
payment date up to (but excluding) the current date, for an overall
amount of Euro 1,541,370.84. Today, the New Notes have been
admitted to trading on the regulated market of the Luxembourg Stock
Exchange with the following ISIN XS0927738418. Banca IMI and BNP
Paribas acted as Dealer Managers of the Exchange Offer. Lucid
Issuer Services Limited acted as Exchange Agent.
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IGD - Immobiliare Grande Distribuzione SIIQ S.p.A.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main
players in Italy's retail real estate market: it develops and
manages shopping centers throughout the country and has a
significant presence in Romanian retail distribution. Listed on the
Star Segment of the Italian Stock Exchange, IGD was the first SIIQ
(Società di Investimento Immobiliare Quotata or real estate
investment trust) in Italy. IGD has a real estate portfolio valued
at circa 1,906.56 million at 31 December 2012, comprised of, in
Italy, 19 hypermarkets and supermarkets, 19 shopping malls and
retail parks, 1 city center, 4 plots of land for development, 1
property held for trading and an additional 7 real estate
properties. Following the acquisition of the company Winmark
Magazine SA in 2008 15 shopping centers and an office building,
found in 13 different Romanian cities, were added to the portfolio.
An extensive domestic presence, a solid financial structure, the
ability to plan, monitor and manage all phases of a center's life
cycle: these qualities summarize IGD's strong points.
www.gruppoigd.it
CONTACTS INVESTOR RELATIONS CLAUDIA CONTARINI Investor Relations
+39 051 509213 claudia.contarini@gruppoigd.it ELISA ZANICHELI IR
Assistant +39 051 509242 elisa.zanicheli@gruppoigd.it CONTACTS
MEDIA RELATIONS IMAGE BUILDING Cristina Fossati, Federica Corbeddu
+39 02 89011300 igd@imagebuilding.it
The press release is available on the website www.gruppoigd.it, in
the Investor Relations section, and on the website
www.imagebuilding.it, in the Press Room section.
DISCLAIMER This announcement must be read in conjunction with the
Exchange Offer Memorandum. This announcement and the Exchange Offer
Memorandum contain important information which should be read
carefully. If you are in any doubt as to the contents of this
announcement or the Exchange Offer Memorandum or the action you
should take, you are recommended to seek your own financial and
legal advice, including in respect of any tax consequences,
immediately from your stock broker, bank manager, solicitor,
accountant or other independent financial or legal adviser.
2
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