Tuesday, May 22, 2012 Search
Search

Twitter
Twitter
Facebook
Job of the week

Extraordinary Shareholders Meeting of Safilo Group OKs Capital Increase

December 23, 2011 12:22 AM

PADUA, Italy—The Extraordinary Shareholders’ Meeting of Safilo Group S.p.A. met on Dec. 21 and unanimously approved the capital increase, against payment, reserved for subscription by its main shareholder, Multibrands Italy B.V., controlled by HAL Holding N.V. The total amount of the capital increase will be equal to €44,262,000 (inclusive of share premium), and therefore within the limit of 10 percent of the pre-existing share capital, with exclusion of the option rights according to article 2441, paragraph 4, second part, Italian Civil Code and to article 158 T.U.F.

The reserved capital increase is open for subscription until June 10, 2012 and will be carried out through the issue of 4,918,000 ordinary shares, at a subscription price of €9.00 per share, of which €5.00 is the nominal value and €4.00 is the share premium, whose characteristics and dividend rights are identical to those of the outstanding shares at the time of their issue.

As outlined in a previous announcement on Nov. 17, the subscription of the reserved capital increase is subject to the completion of the acquisition of the Polaroid Eyewear business and will occur in the week following such event.

All the documentation relating to the Shareholders’ Meeting is available on the company’s internet website.
Most Viewed Stories This Week