Brief: CIR says deed of merger signed of CIR into COFIDE

CIR - Compagnie Industriali Riunite

03/02/2020 19:08

Feb 3 (Reuters) - CIR Compagnie Industriali Riunite SpA
 CIRX.MI :
    * CIR COMPAGNIE INDUSTRIALI RIUNITE- GRUPPO DE BENEDETTI, CO
ANNOUNCE THAT DEED OF MERGER BY INCORPORATION OF CIR INTO COFIDE
WAS SIGNED
    * TRANSACTIONS CARRIED OUT BY CIR WILL BE ACCOUNTED FOR IN
FINANCIAL STATEMENTS OF COFIDE AS FROM 1 JAN OF FY IN WHICH
MERGER TAKES EFFECT
    * MERGER INVOLVES APPLICATION OF FOLLOWING EXCHANGE
RATIO:2.01
ORDINARY COFIDE SHARES, WITH NOMINAL VALUE OF EURO 0.50 FOR EACH
CIR ORDINARY SHARE
    * TO SERVICE MERGER COFIDE WILL ISSUE 557.99 MILLION COFIDE
SHARES
ON BASIS OF EXCHANGE RATIO, EACH WITH A NOMINAL VALUE OF EURO
0.50
    * ON EFFECTIVE DATE OF MERGER, COFIDE WILL CHANGE ITS NAME
TO "CIR
S.P.A. - COMPAGNIE INDUSTRIALI RIUNITE
    * WITH MERGER CIR WILL CEASE TO EXIST AND CIR SHARES WILL
THEREFORE BE DELISTED FROM MERCATO TELEMATICO AZIONARIO

Source text for Eikon:  ID:nBIA7TQK6f 
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