IGD SIIQ Bondholders meeting of convertible bonds
22 Aprile 2013 - 12:15PM
Annunci Borsa (Testo)
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PRESS RELEASE IGD SIIQ SPA: BONDHOLDERS MEETING OF "230,000,000
3.50 PER CENT. CONVERTIBLE BONDS DUE 2013" Bologna, 22 April 2013.
IGD - Immobiliare Grande Distribuzione SIIQ S.p.A., leading owner
and manager of retail shopping centers in Italy and listed on the
STAR segment of the Italian Stock Exchange, advises that today the
Bondholders Meeting of "230,000,000 3.50 per cent. Convertible
Bonds due 2013", having an aggregate nominal amount of Euro 230
million and convertible into ordinary shares of the Company,
originally issued by means of a resolution dated as of 25 June 2007
and subsequently amended in 2010, approved the amendments to the
terms and conditions of the convertible bond, as announced by the
press release of 18 March 2013. In particular, the amendments
approved by the Bondholders Meeting are: the amendment to Negative
Pledge clause through amendments to the applicable definitions,
aimed at allowing the Company to resolve upon future bond issuances
to be secured by security over its assets or the assets of its
subsidiaries; and the introduction of a put option in favour of the
Bondholders, to be exercised by the Bondholders in the event that
the Issuer resolves upon future bond issuances to be secured by
security over its assets or the assets of its subsidiaries,
consequential amendments to the Terms and Conditions and the Trust
Deed. The amendment to the terms and conditions of the convertible
bonds is aimed at granting the Company a higher degree of
flexibility in the evaluation of future repayment options of any
outstanding indebtedness reaching maturity and the funding of new
investments.
IGD - Immobiliare Grande Distribuzione SIIQ S.p.A.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the main
players in Italy's retail real estate market: it develops and
manages shopping centers throughout the country and has a
significant presence in Romanian retail distribution. Listed on the
Star Segment of the Italian Stock Exchange, IGD was the first SIIQ
(Società di Investimento Immobiliare Quotata or real estate
investment trust) in Italy. IGD has a real estate portfolio valued
at circa 1,906.56 million at 31 December 2012, comprised of, in
Italy, 19 hypermarkets and supermarkets, 19 shopping malls and
retail parks, 1 city center, 4 plots of land for development, 1
property held for trading and an additional 7 real estate
properties. Following the acquisition of the company Winmark
Magazine SA in 2008 15 shopping centers and an office building,
found in 13 different Romanian cities, were added to the portfolio.
An extensive domestic presence, a solid financial structure, the
ability to plan, monitor and manage all phases of a center's life
cycle: these qualities summarize IGD's strong points.
www.gruppoigd.it
CONTACTS INVESTOR RELATIONS CLAUDIA CONTARINI Investor Relations
+39 051 509213 claudia.contarini@gruppoigd.it ELISA ZANICHELI IR
Assistant +39 051 509242 elisa.zanicheli@gruppoigd.it
CONTACTS MEDIA RELATIONS IMAGE BUILDING Cristina Fossati, Federica
Corbeddu +39 02 89011300 igd@imagebuilding.it
The press release is available on the website www.gruppoigd.it, in
the Investor Relations section, and on the website
www.imagebuilding.it, in the Press Room section.
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