Eni leaves Snam. The group announced that, "in line with the provisions for the repayment of the bond convertible into ordinary shares of Snam SpA for € 1.250.000.000 and coupon of 0,625% placed in January 2013" and expired today, Monday 18 January, " 287.890.983 Snam ordinary shares were delivered to the bondholders – equal to approximately 8,22% of the share capital – against the exercise by the bondholders of the right to convert bonds for a total amount of €1.246.600.000 ”.
The remaining bonds, for a total amount of €3.400.000, for which the conversion right was not exercised, were repaid in cash.
At this point Eni "holds 792.619 Snam ordinary shares, equal to approximately 0,02% of the share capital".
