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Terna SpA: accelerated bookbuilding of 5.36% of the share capital completed

Not for publication, distribution, directly or indirectly, in the United States, Canada, Australia, Japan or in any other jurisdiction where to do so would be unlawful.





Following the press release published on May 21, 2013, the aggregate sale by Mr. Minozzi, Iris Ceramica S.p.A., Castellarano Fiandre S.p.A. and Finanziaria Ceramica Castellarano S.p.A. of 107,704,353 shares of Terna S.p.A. (the "Shares") equal to 5.3584% of the share capital of Terna S.p.A. (the "Transaction") was successfully completed.

The Transaction, carried out through an accelerated bookbuilding process addressed to Italian and international institutional investors, was priced at Euro 3.35 per Share (with aggregate proceeds equal to approx. Euro 361 million) and will be settled on May 27, 2013.

UniCredit Bank AG, Milan acted as Sole Bookrunner in the Transaction.



Milan, May 22, 2013



DISCLAIMER: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. It may be unlawful to distribute this announcement in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan or in any other jurisdiction where to do so would be unlawful. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.