IGD SIIQ SPA: adjustment of the conversion price of the convertible bond "EUR 230,000,000 3.5 per cent. Convertible Bonds due..
June 11 2013 - 11:23AM
Italian Regulatory (Text)
PRESS RELEASE IGD SIIQ SPA: adjustment of the conversion price
of the convertible bond "EUR 230,000,000 3.50 per cent. Convertible
Bonds due 2013" Bologna, 11 June 2013 Â Following the press release
published on 16 May 2013 in connection with the adjustment of the
conversion price of the convertible bond "EUR 230,000,000 3.50 per
cent. Convertible Bonds due 2013" from Euro 2.7257 to Euro 2.7139,
it should be noted that such adjustment is not directly applicable
to bondholders pursuant to Article 6(g) of the Terms and Conditions
of the bonds. Pursuant to such provision, no adjustment shall be
made to the conversion price where such adjustment would be less
than one per cent. of the conversion price then in effect.
Therefore, pursuant the aforementioned provision, the conversion
price applicable to the holders of the convertible bond "EUR
230,000,000 3.50 per cent. Convertible Bonds due 2013" is equal to
Euro 2.7257. Pursuant to Article 6(g) of the Terms and Conditions
of the bonds, the adjustment made in connection with the decisions
of the Board of Directors held on 16 May 2013 shall be taken into
account in the context of future adjustments in order to determine
the new conversion price.
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.
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