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Terna SpA: launch of an accelerated bookbuilding on 5.3584% of the share capital

Not for publication, distribution, directly or indirectly, in the United States, Canada, Australia, Japan, or in any other jurisdiction where to do so would be unlawful.

 

 

TERNA S.P.A.: LAUNCH OF AN ACCELERATED BOOKBUILDING ON 5.3584% OF THE SHARE CAPITAL

 

 

Mr. Romano Minozzi, Iris Ceramica S.p.A., Castellarano Fiandre S.p.A. and Finanziaria Ceramica Castellarano S.p.A. (the "Sellers") announce the aggregate sale of 107,704,353 shares (the "Shares") equal to 5.3584% of the share capital of Terna S.p.A. (the "Transaction"). The Shares represent the entire participation held by the Sellers in Terna S.p.A..The Transaction is addressed to certain eligible institutional investors with final terms to be determined through an accelerated bookbuilding process. Bookbuilding will commence immediately, though the right to close the books at any time is reserved.

 

In the context of the Transaction, UniCredit Bank AG, Milan is acting as Sole Bookrunner. It is expected that the final terms of the Transaction be available upon completion of the bookbuilding process during the course of tomorrow.

 

 

Milan, May 21, 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.