Purchases of shares of Italcementi
Published by Rebecca Bowden,
Assistant Editor
World Cement,
With reference to the mandatory tender offer (the “Offer”) on the ordinary shares of Italcementi S.p.A. (the “Issuer”) launched by HeidelbergCement France S.A.S. (the “Offeror”) 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: 13 September 2016
Modalities of transaction: Italian Stock Exchange
Number of shares: 1 500 000
Price per share (EUR): 10.59564
Overall countervalue (EUR): 15 893 460 00
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 Rebecca Bowden
Read the article online at: https://www.worldcement.com/europe-cis/14092016/purchases-of-shares-of-italcementi-255/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
RHI Magnesita announces Q1 trading update
RHI Magnesita have provided an update on trading for the three months to 31 March 2025.