Applications received from over 27,000 retail investors and 47 Italian and foreign institutional investors.
Milan, 4 December 2007 – The Offer of special-category shares of the Il Sole 24 ORE Group has ended successfully, with Global Offer applications 1.4 times higher than the number of shares offered.
Against a Global Offer of 35,091,490 shares, applications for 47,764,671 shares were received from 27,124 applicants. 35,091,490 shares coming from the share capital increase were allocated, plus 5,263,723 shares coming from full exercise of the over-allotment option.
Going into greater detail, for the Public Offer applications for 24,852,600 shares were received from 27,077 applicants, of which Minimum Amount applications for 20,898,600 shares from 26,533 applicants, and Minimum Amount Multiple applications for 3,954,000 shares from 544 applicants. In this case, 21,999,600 shares were allocated to 26,950 applicants, of which 19,497,600 shares to 26,533 applicants for Minimum Amount take-up and 2,502,000 shares to 417 applicants for Minimum Amount Multiple take-up.
As regards the Institutional Placement, applications for 22,912,071 shares were received from 47 applicants, of which applications for 12,085,867 shares from 15 professional investors in Italy and for 10,826,204 shares from 31 institutional investors abroad. In this case, 18,355,613 shares were allocated to the 47 applicants in the following proportions: 10,322,563 shares to the 16 professional investors in Italy and 8,033,050 shares to the 31 institutional investors abroad.
No shares were subscribed by the members of the Public Offer Syndicate and/or by the members of the Institutional Placement Syndicate as a consequence of the underwriting commitments made.
Trading of the shares is scheduled to start on 6 December 2007.
Mediobanca and UBS Investment Bank have acted as Co-ordinators of the Global Offer of subscription and as Joint Bookrunners. BNP Paribas, Citi, Goldman Sachs, Banca IMI, Lehman Brothers, Merrill Lynch, and Unicredit acted as Joint Bookrunners.
Mediobanca is Sales Agent for the Public Offer and Sponsor. Banca IMI, BNL, and Mediobanca and Unicredit are Joint Lead Managers of the Public Subscription Offer.
Il Sole 24 ORE is assisted by the advisor Morgan Stanley. The legal advisors are Chiomenti Studio Legale and Shearman & Sterling for Il Sole 24 ORE, while Clifford Chance is legal advisor of the banks in the syndicate. KPMG is the independent auditor.
For further information:
Press Office, Il Sole 24 ORE: Ginevra Cozzi -Tel. +39 02/3022.4945 – Cell. +39 335/1350144
PMS:
Fabio Marando – Cell. +39 329/4605000 - Laura La Ferla - Cell. +39 329/4705000
Fabio Marando – Cell. +39 329/4605000 - Laura La Ferla - Cell. +39 329/4705000