The Prelios board of directors approved the issue of the convertible bond, with the exclusion of the option right, for a maximum nominal amount of up to 269.000.000 euros, with a consequent increase in the share capital exclusively for the purpose of the conversion.
The board then approved the paid share capital increase, in divisible form, for a maximum of 297.644.375,01 euros. This increase may be carried out within a maximum period of 7 years, unless extended for a further 3 years, from the issue of the Convertible, exclusively for the (partial or total) conversion of the Bonds, through the issue of a maximum no. 499.990.551 ordinary Prelios shares valid for tranche A of the Convertible (including the hypothesis in which tranche B is also converted into ordinary shares) and a maximum of no. 144.678.117 category B shares to be held exclusively on tranche B of the Convertible.
The board of directors resolved to grant the chief executive officer the powers relating to the issue of the convertible following the precise definition of the effective amount of the convertible itself following the results of the capital increase under option of approximately euro 115 million, approved by the shareholders' meeting on May 8, 2013.
