BOLOGNA, Italy – IMA S.p.A. announces that it has positively completed the subscription of the share capital increase resolved yesterday by the Board of Directors of the Company.
The share capital increase involved 1,750,000 new ordinary shares, equal to approximately 4.67% of the share capital, for an aggregate value of 92.75 million Euros, inclusive of the share premium.
The shares were placed at 53 Euros. The transaction will be settled on 10 June 2016. The placement was conducted through an accelerated bookbuilding procedure reserved to “qualified investors” in Italy (as defined pursuant to Article 34-ter, paragraph 1, lett. b) of Consob Regulation n. 11971/1999) and foreign institutional investors (in accordance with the provisions of Regulation S and Rule 144A of U.S. Securities Act of 1933) and with the express exclusion of any other country or jurisdiction in which the placement would be prohibited by applicable laws or in the absence of any exemptions.
UniCredit Corporate & Investment Banking acted as Global Coordinator and Bookrunner of the placement and EQUITA SIM S.p.A. acted as Joint Lead Manager of the placement.
As a result of the share capital increase, the share capital of IMA will be equal to Euro 20,415,200, divided into 39,260,000 ordinary shares. In the context of the transaction, IMA has committed to a lock-up period of 90 days, in line with market practice for similar transactions.
