(Finance) – The period for exercising the option rights on Saipem purchased during the offer on the stock exchange and relating to the newly issued ordinary shares deriving from the paid capital increase, indivisibly, for an amount including the premium of Euro 1,999,993,686.59 (amount resulting from the rounding down of Euro 2 billion following the determination of the offer price and the number of shares subject to the same), approved by the Board of Directors of the Company on 21 June 2022, in execution of the delegation attributed to it.
In particular – Saipem explains in a note – following the sale of no. 2,052,446 option rights not exercised during the option offer period (the “Unused Rights”) and the conclusion of the period envisaged for the exercise of these rights, have been signed n. 12,261,270 Saipem ordinary shares newly issued for a total value of Euro 12,420,666.51.
Taking into account that during the option offer period, which began on June 27, 2022 and ended at 13:00 on July 11, 2022, inclusive (the “Option Period”), no. 14,498,312 option rights for the subscription of no. 1,377,339,640 newly issued shares, therefore a total of no. 1,389,600,910 newly issued shares, equal to 70.4% of the newly issued shares offered in the context of the Capital Increase, for a total value of Euro 1,407,665,721.83.
In consideration of the above, the remaining no. 584,726,520 newly issued shares, for a total value of Euro 592,327,964.76, are expected to be subscribed by BNP PARIBAS, Citigroup, Deutsche Bank, HSBC, Intesa Sanpaolo and UniCredit (as joint global coordinators) and ABN AMRO, Banca Akros – Banco BPM Group, Banco Santander, Barclays, BPER, Goldman Sachs International, Société Générale and Stifel (as joint bookrunners) pursuant to the guarantee agreement signed on 21 June 2022.
Following this subscription by the Guarantors, the Capital Increase concerning no. 1,974,327,430 New Shares will be fully subscribed for a total value of Euro 1,999,993,686.59 (of which Euro 41,460,876.03 as capital and Euro 1,958,532,810.56 as a share premium).