The public offer and the placement of Moleskine shares will start on Monday 18 March and will end on 27. This was announced in a press release from the company which publishes the well-known notebook, specifying that the object of the public offer is 106.360.000 Moleskine ordinary shares and the placement of 95.724.00 shares.
The indicative valuation range of the company's economic capital is between a non-binding minimum for the purposes of determining the offer price of 400 million euros and a binding maximum for the Public Offer of 530 million euros, equal to a minimum non-binding price of 2,00 per share and a binding maximum for the Public Offer of 2,65 euro per share.
The capitalization of the company on the basis of the minimum price of the indicative valuation range and the maximum price (in the event of full subscription of the capital increase) amounts to 424 million and 561,80 million respectively. Payment of the assigned shares must be made by 3 April 2013.
In the event of full subscription of the capital increase, the percentage of capital represented by the shares covered by the Global Offer will be equal to 50,170%, excluding the greenshoe option with which the percentage would rise to 55,187%.
The Joint Global Coordinators of the transaction are Goldman Sachs International, Mediobanca and UBS. The placement manager and Sponsor is Mediobanca, while Rothschild plays the role of financial advisor.
