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The capital increase reserved to Multibrands Italy B.V. has been entirely subscribed and paid

04/04/12

SAFILO ANNOUNCES THAT THE CAPITAL INCREASE FOR A TOTAL AMOUNT OF EURO 44,262,000 RESERVED TO MULTIBRANDS ITALY B.V.
HAS BEEN ENTIRELY UNDERWRITTEN AND PAID

 

Padua, April 4, 2012, h.4.15pm – Safilo Group S.p.A. informs that today the capital increase reserved for subscription, against payment, by its main shareholder, Multibrands Italy B.V., controlled by HAL Holding N.V., has been entirely underwritten and paid, as unanimously resolved by the Extraordinary Shareholders’ Meeting held on December 21, 2011.

The reserved capital increase is part of the financial support deal following which Multibrands Italy B.V. has provided Safilo with around two thirds of the financial means to fund the acquisition transaction of the Polaroid Eyewear business.

The total amount of the reserved capital increase is equal to Euro 44,262,000.00 (inclusive of share premium), and therefore within the limit of 10% of the pre-existing share capital, with exclusion of the option rights according to article 2441, paragraph 4, second part, of the Italian Civil Code and to article 158 of T.U.F. (Testo Unico sulla Finanza).

The reserved capital increase has been carried out through the issue of 4,918,000 ordinary shares, at a subscription price of Euro 9.00 per share, of which Euro 5.00 is the nominal value and Euro 4.00 is the share premium, and whose characteristics and dividend rights are identical to those of the outstanding shares at the time of their issue.

Accordingly, the share capital of Safilo Group S.p.A. will be divided into n. 61,739,965 ordinary shares with a par value of Euro 5.00 each, equal to Euro 308,699,825.00. Multibrands Italy B.V.’s stake in the share capital of the Company will increase from 37.2% to 42.2%.


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