News Column

Salini Impregilo S.p.A - Exercise of the overallotment option

July 21, 2014



ENP Newswire - 21 July 2014

Release date- 18072014 - Milan - Salini Impregilo S.p.A. and Salini Costruttori S.p.A. inform that the overallotment option, which was granted to Goldman Sachs International, Mediobanca and Banca IMI by Salini Costruttori in the context of the share offering to institutional investors in Italy and abroad, which was completed on June 25, 2014 has been exercised July 18, 2014, in respect of 4,050,000 Salini Impregilo ordinary shares.

The purchase price of the overallotment shares is Euro 3.70 per share, equal to the offer price in the Offering, for an aggregate consideration of Euro 14,985,000.

Settlement of the overallotment option is expected to take place no later than July 23, 2014.

As a consequence of such exercise, the overall Offering amounted to 142,790,000 ordinary shares in Salini Impregilo, of which 98,050,000 ordinary shares were offered by Salini Costruttori, and Salini Impregilo's ordinary share capital is held 38.11% by the market and 61.89% by Salini Costruttori.

This announcement is not being made in and copies of it may not be distributed or sent into the United States, Canada, Australia or Japan. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Salini Impregilo S.p.A. does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

This communication does not constitute an offer of the securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities.

This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'Relevant Persons').

Any investment activity to which this communication relates will only be available to and will only be engaged with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

This press release does not constitute an offer of securities to the public in Italy. Any securities will be offered in Italy only to qualified investors as referred to in Article 100 of the legislative decree no. 58 of 24 February 1998, as amended (the 'Italian Financial Act') and Article 34-ter paragraph 1(b) of CONSOB Regulation No. 11971, May 14, 1999, as amended (the 'Issuers Regulation'); therefore, no documents or materials relating to the Securities have been or will be submitted to the clearance procedure of the Commissione Nazionale per le Societa e la Borsa ('CONSOB').

Any offer of securities will be carried out in the Republic of Italy as an exempted offer pursuant to article 100 of the Italian Financial Act and articles 34-ter, paragraph 1, and 57, paragraph 1, of Issuers Regulation.

This press release does not constitute and shall not, in any circumstances, constitute a public offering or an invitation to the public in connection with any offer within the meaning of the Directive 2003/71/EC and amendments thereto, including Directive 2010/73/EU (the 'Prospectus Directive'). Any Offering made will be pursuant to an exemption under the Prospectus Directive, as implemented in Member States of the European Economic Area, from the requirement to produce a prospectus for offers of securities.

Media Contact:

Luigi Vianello

Tel: +39 06 6776 595

Email: l.vianello@salini-impregilo.com

Investor Contact:

Lawrence Y. Kay

Tel: + 39 02 4442 2024

Email: l.kay@salini-impregilo.com


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Source: ENP Newswire


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