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Italcementi releases notice for purchases outside the offer

Published by , Assistant Editor
World Cement,

With reference to the mandatory tender offer on the ordinary shares of Italcementi SpA launched by HeidelbergCement France pursuant to articles 102 and 106 paragraph 1-bis, of Legislative Decree of 24 February 1998, No. 58 – and the relevant Offering Document has been approved by Consob with resolution No. 19681 on July 26, 2016 and has been published on July 28, 2016 – the Offeror hereby announces that, on the date hereof, it has carried out the following purchases of shares of the Issuer – ISIN IT0001465159:

  • Trade date – 6 September 2016 
  • Modalities of transaction – Italian Stock Exchange 
  •  Number of shares – 3 162 498 
  • Price per share (EUR) – 10.5997 
  •  Overall countervalue (EUR) – 33 521 530.05 
  • Intermediary – Banca IMI

Also for the purpose of art. 42, paragraph 2 Issuers’ regulation, it has to be noted that none of the above mentioned purchases has been made for a per share price higher than the consideration of the Offer, i.e. EUR 10.60 per share. The above transactions (i) are subject to notification obligations pursuant to article 41, paragraph 2, letter c), Issuers’ Regulation and (ii) have been made in accordance with Rule 14e-5 of the U.S. Securities Exchange Act of 1934, as amended.

Adapted from press release by

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