RCS closed the first quarter of 2013 with the parent company in the red for about 78 million euros and decided to reduce the share capital as at 31 March from 762 to 139,3 million. An operation to be carried out by grouping only ordinary shares in the ratio of three new ones for every 20. The publishing company communicates it in a note, recalling that the shareholders' meeting for the capital increase has been set for 30 May.
The results were influenced "by the macroeconomic trend - explained by Rcs -, in particular by the dynamics of the advertising market, as well as by the non-recurring charges, linked to the efficiency actions envisaged in the 2013-2015 plan, which for the parent company amounted to approximately 66 million euro in the quarter”.
The BoD intends to submit the proposal for a paid share capital increase of a maximum of 500 million euros, of which 400 ordinary shares and 100 savings shares of a new category compared to the existing one. The meeting will also have to evaluate the proposal to grant the Board of Directors the power to increase the share capital by a maximum of 200 million up to the total amount of a maximum of 600 million by 2015.
Mediobanca, Banca di Credito Finanziario, Fiat, Fondiaria Sai, Pirelli, Intesa Sanpaolo, Mittel Partecipazioni Stabili and Edison, members of the Rcs blocking and consultation syndicate, have undertaken to subscribe their share of the capital increase, which totals approximately 44% of the ordinary share capital, net of the ordinary shares owned by the company.
Furthermore, Fiat announced its intention to purchase a portion of the option rights that the other shareholders should not exercise for a further 2,805% of the ordinary share capital. Intesa Sanpaolo however, it intends to purchase a quantity of option rights for a total outlay of no more than 10 million euro.
XNUMX Diego Della Valle e Gilberto BenettonInstead, they announced that they will vote against the capital increase at the meeting.
At the opening in Piazza Affari, the Rcs share lost 1,2%.
