Hitachi Rail Italy Investments purchased on Wednesday through Intermonte 6.936.764 ordinary shares of Ansaldo Sts at 10,50 euro per share, equal to approximately 3,47% of the capital, which added to the 46,48% already held brings the stake to 49,95 .50%. This was announced by Hitachi, explaining that it will adjust the price of the offer to this last price and that it could proceed with further purchases. Subsequently, financial sources confirmed that the Japanese group, with purchases made yesterday in the last minutes of trading on the Stock Exchange, has already exceeded XNUMX% of Ansaldo Sts.
Hitachi will pay the participants in the takeover bid a price adjustment equal to the sum of 0,82 euro for each share tendered. In addition, Hitachi has undertaken to pay a "contingent adjustment" to the sellers of the shares it purchases, if it buys shares or sells its majority interest in the capital or a 25% or 30% interest, as the case may be, which determines a public offer on the shares by a third party, in each case at a price higher than 10,50 euro within two years from today: a sum equal to the positive difference between this higher price and 10,50 euro for each share purchased .
The payment of the adjustment - continues the note from Hitachi - will be made in cash and will take place by April 2016, XNUMX, corresponding to the fifth trading day from today. Instead, as regards the potential adjustment, the payment methods will be disclosed with a specific press release to the market, should the condition for payment occur.
Lastly, with regard to Hitachi's appeal to the Lazio Regional Administrative Court against the Consob provision for an increase in the consideration for the takeover bid, Hitachi reiterates the correctness of its actions and its intention to continue to pursue any initiative in court to protect its rights .
