Brief: Class Editori: Market Watchdog Approves Public Subscription Document Related To Exchange Offer On Gambero Rosso

Class Editori SpA

04/02/2019 07:21

Feb 4 (Reuters) - Class Editori SpA  CLED.MI , Gambero Rosso
SpA  GAMB.MI :
    * SAID ON FRIDAY THAT ITALIAN MARKET WATCHDOG, CONSOB,
APPROVED
PUBLIC SUBSCRIPTION OFFER DOCUMENT RELATED TO THE EXCHANGE OFFER
ON GAMBERO ROSSO SHARES
    * THE PUBLIC OFFER CONCERNS SUBSCRIPTION OF 56,351,100 CLASS
A
ORDINARY SHARES OF CLASS EDITORI TO BE EXCHANGED FOR SHARES OF
GAMBERO ROSSO 
    * EXCHANGE OFFER REGARDS 4,699,000 GAMBERO ROSSO SHARES
REPRESENTING 32.52 PCT OF SHARE CAPITAL
    * CLASS EDITORI HOLDS CURRENTLY 67.48 PCT OF THE SHARE
CAPITAL OF
GAMBERO ROSSO
    * EXCHANGE RATIO IS 3.9 SHARE OF CLASS EDITORI FOR EACH
SHARE OF
GAMBERO ROSSO
    * EXCHANGE PERIOD RUN FROM FEB. 4 TILL FEB 22
    * SPECIFIES THAT THERE HAVE BEEN NO FINDINGS OR REFUSALS OF
CERTIFICATION BY THE AUDITING COMPANY REGARDING THE HALF-YEARLY
REPORT AT JUNE 30, 2018 SUBJECT TO A LIMITED AUDIT
    * AT THE REQUEST OF CONSOB ADDED INFORMATION TO ITS OFFER
PROSPECTUS IN THE PARAGRAPH "WARNINGS FOR INVESTORS", INCLUDING
THAT THE EXCHANGE OFFER DOES NOT GENERATE ANY BENEFIT IN
RELATION TO THE FINANCIAL SITUATION OF THE CLASS EDITORI GROUP

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIAlcTmf  urn:newsml:reuters.com:*:nBIA7DVhhL
    
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