UniCredit S.p.A. ("UniCredit") annuncia di aver completato con successo la procedura di accelerated bookbuilding per la cessione a investitori istituzionali di circa 100,7 miliardi di azioni ordinarie Yapı ve Kredi Bankası A.Ş. ("YKB" o la "Società") quotata alla Borsa di Istanbul, aventi ciascuna un valore nominale di 1 Kuruş, pari a circa il 12 per cento del capitale sociale emesso dalla Società, al prezzo di TL2,88 per azione (l'"Offerta"). Il prezzo incorpora uno sconto del 4,0 per cento rispetto al prezzo di chiusura di YKB pre-annuncio.
Il regolamento dell'Offerta avverrà il 13 febbraio 2020 e i proventi lordi ammontano a circa TL2.901 milioni (pari a circa 440 milioni di euro sulla base del tasso di cambio EUR/TL alla data del 5 febbraio 2020).
A seguito della chiusura dell'Offerta, UniCredit deterrà una partecipazione diretta di 168.9 miliardi di azioni ordinarie di YKB, aventi ciascuna un valore nominale di 1 Kuruş, pari a circa il 20 per cento del capitale sociale della Società.
L'operazione, che sarà contabilizzata nel 1Q2020, genererà un impatto negativo sul conto economico consolidato pari a circa 0,82 miliardi di euro (sulla base dei valori al 4Q2019), derivante sia dalla differenza tra prezzo e valore di carico a cambi correnti, sia dalla componente relativa alle riserve valutative (inclusa la riserva oscillazione cambi, negativa per circa 0,85 miliardi di euro, che risulta tuttavia neutra ai fini del Capitale Primario di Classe 1 in quanto già precedentemente rilevata).
L'impatto complessivo sul CET1 ratio consolidato di UniCredit nel 1Q2020 derivante dalle cessioni delle quote di YKB sin qui realizzate è atteso pari a circa +0,5 punti percentuali assumendo il deconsolidamento regolamentare[1]. Al proposito sono in corso interazioni con le autorità di supervisione regolamentare.
UniCredit ha concordato con i Joint Bookrunners un periodo di lock-up di 180 giorni, fatte salve le consuete eccezioni, per quanto riguarda le azioni YKB residue che deterrà a seguito dell'offerta.
Citigroup Global Markets Limited, J.P. Morgan, Morgan Stanley e UniCredit Corporate & Investment Banking sono stati nominati da UniCredit come Joint Bookrunners dell'Offerta.
Contatti:
Media Relations: Tel. +39 02 88623569;e-mail: MediaRelations@unicredit.eu
Investor Relations: Tel: +39 02 88621028; e-mail: InvestorRelations@unicredit.eu
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The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom. Neither this document nor the information contained herein constitutes or forms part of an offer to sell, or the solicitation of an offer to buy, securities in the United States. There will be no public offer of any securities in the United States or in any other jurisdiction.
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (the "Prospectus Regulation"). In the United Kingdom this announcement is directed exclusively at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) who fall within Article 49(2)(A) to (D) of the Order, and (iii) to whom it may otherwise lawfully be communicated; any other persons in the United Kingdom should not take any action on the basis of this announcement and should not act on or rely on it. This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.
In connection with any offering of the shares of Yapı ve Kredi Bankası A.Ş. (the "Shares"), the Joint Bookrunners and any of its affiliates acting as an investor for its own account may take up as a proprietary position any Shares and in that capacity, may retain, purchase or sell for their own account such Shares. In addition, the Joint Bookrunners or its affiliates may enter into financing arrangements and swaps with investors in connection with which the Joint Bookrunners (or its affiliates) may from time to time acquire, hold or dispose of Shares.
The Joint Bookrunners do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligation to do so.
The Joint Bookrunners are each acting exclusively for the Seller in the transaction referred to in this announcement and for no-one else in connection with any transaction mentioned in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation to any such transaction and will not be responsible to any other person for providing the protections afforded to their respective clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to in this announcement.
[1] Si assume che le attività ponderate per il rischio attualmente consolidate proporzionalmente saranno completamente rilasciate e la rimanente quota di partecipazione sarà soggetta al meccanismo di deduzione per le partecipazioni in istituti finanziari.