Brief: Sintesi to subscribe to Gequity's unopted capital increase for up to 42 mln shares

Bestbe Holding SpA

03/01/2017 07:30

Jan 3 (Reuters) - Sintesi Societa di Investimenti e di 
Partecipazioni SpA  SII.MI : 
    * Said on Monday that its board had approved to subscribe to 
up to 42.0 million unopted shares from the capital increase of 
Gequity SpA  GEQ.MI  that was approved on Feb. 8, 2015 
    * Sintesi does not intend to launch a mandatory tender offer 
if it surpasses the threshold of a 30 pct stake in Gequity  
    * Commits to sell in 12 months from the subscription the 
amount of shares that exceeds 30 pct of Gequity's share capital 
to non-related parties 
    * Commits to not exercise the voting rights on more than 30 
pct of Gequity's share capital until it sells the exceeding 
shares 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA02370 
     
 Further company coverage:  SII.MI   
    
 
 
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