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IG Italgas SpA News Story

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Brief: Italgas Reports 98.7% Of Shares Offered Subscribed For EUR 1 Bln At End Of Rights Issue Subscription Period

June 20 (Reuters) - Italgas SpA IG.MI:

SAID ON THURSDAY IT HAD CONCLUDED SUBSCRIPTION PERIOD OF RIGHTS ISSUE

RIGHTS FOR SUBSCRIPTION EXERCISED FOR AROUND 98.7% OF TOTAL NEW SHARES OFFERED, TOTAL PRICE OF EUR 1 BLN

SHAREHOLDER CDP RETI SUBSCRIBED TO 52,684,606 NEW SHARES, TOTAL CONSIDERATION OF EUR 264.7 MLN

REMAINING RIGHTS TO BE OFFERED ON ITALIAN STOCK EXCHANGE AT JUNE 23, 24, UNLESS EARLY CLOSURE

UNEXERCISED RIGHTS ENTITLE TO SUBSCRIBE AT PRICE OF EUR 5.025/NEW SHARE, RATIO OF 1 NEW SHARE FOR EVERY 4 UNEXERCISED RIGHTS

 Further company coverage: IG.MI

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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