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FinecoBank
Capital/Financing Update • Mar 11, 2024
4321_tar_2024-03-11_b27b01dd-5f17-46e1-a70b-4b51080332f9.pdf
Capital/Financing Update
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| Informazione Regolamentata n. 1615-23-2024 |
Data/Ora Inizio Diffusione 11 Marzo 2024 17:42:30 |
Euronext Milan | ||
|---|---|---|---|---|
| Societa' | : | FINECOBANK | ||
| Identificativo Informazione Regolamentata |
: | 187189 | ||
| Utenza - Referente | : | FINECOBANKN02 - Spolini | ||
| Tipologia | : | 3.1 | ||
| Data/Ora Ricezione | : | 11 Marzo 2024 17:42:30 | ||
| Data/Ora Inizio Diffusione | : | 11 Marzo 2024 17:42:30 | ||
| Oggetto | : | PR FINECO_RESULTS TENDER OFFER AT1 | ||
| Testo del comunicato |
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
FinecoBank successfully concludes the tender offer for one series of its Additional Tier 1 notes
Milan, 11 March 2024
Following the press release on March 4th, 2024, FinecoBank S.p.A. (the Offeror or FinecoBank) announces the final results of the cash tender offer in respect of any and all of its €300,000,000 Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable Notes (ISIN: XS2029623191) (the Notes), in an aggregate nominal amount outstanding of €300,000,000 (the Offer).
The aggregate nominal amount of the Notes validly tendered in the Offer amounted to € 168,117,000. The Offeror will purchase all Notes validly tendered. The Offeror has received regulatory approval from the European Central Bank to call the remaining amount of the Notes not purchased in the Offer at the first available date, on 3 December 2024.
The Offer was launched on 4 March 2024 and made on the terms and subject to the conditions set out in the tender offer memorandum dated 4 March 2024, including satisfaction (or, subject to any applicable regulatory approval, waiver) of the New Issue Condition (the Tender Offer Memorandum). Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum, which is available, subject to eligibility and registration, on the offer website (the Offer Website): https://projects.morrowsodali.com/fineco.
| Description of the Notes | ISIN | Acceptance Amount |
Purchase Price |
|---|---|---|---|
| €300,000,000 Non-Cumulative Temporary Write-Down Deeply Subordinated Fixed Rate Resettable |
XS2029623191 | € 168,117,000 | 100.50% |
| Notes |
A summary of the final results of the Offer is set out below:
The Settlement Date for the Offer is expected to be 13 March 2024.
On the Settlement Date, the Offeror will pay the Purchase Price Consideration and the Accrued Interest to Noteholders who have validly tendered their Notes for purchase in respect of the Notes accepted for purchase pursuant to the Offer. The aggregate nominal amount of Notes that will remain outstanding after the Settlement Date will be equal to € 131,883,000.
BNP Paribas and UniCredit Bank GmbH are acting as Dealer Managers of the Offer.
Morrow Sodali Ltd is acting as Information and Tender Agent of the Offer.
Contact details: Fineco - Media Relations Fineco - Investor Relations Tel.: +39 02 2887 2256 Tel. +39 02 2887 2358 [email protected] [email protected]
Barabino & Partners Tel. +39 02 72023535 Emma Ascani +39 335 390 334 [email protected]
THE OFFEROR
FinecoBank S.p.A. Piazza Durante 11 20131 Milan Italy
DEALER MANAGERS
BNP Paribas 16, boulevard des Italiens 75009 Paris France
Telephone: +33 1 55 77 78 94 Attention: Liability Management Group Email: [email protected] UniCredit Bank GmbH Arabellastrasse 12 D-81925 Munich Germany
Telephone: +39 02 8862 0630/ +49 89 378 15150 Attention: DCM Italy; Liability Management Email: [email protected]; [email protected]; [email protected]
INFORMATION AND TENDER AGENT
Morrow Sodali Ltd
103 Wigmore Street London W1U 1QS United Kingdom
Telephone: +44 20 4513 6933
Via XXIV Maggio 43 00187 Rome Italy
Telephone: +39 06 4521 2811
Email: [email protected] Offer Website: https://projects.morrowsodali.com/fineco
DISCLAIMER
This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. If you are in any doubt as to the contents of this announcement or the Tender Offer Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including as to any tax consequences, immediately from your stockbroker, bank manager, solicitor, accountant or other independent financial or legal adviser.