M&A Activity • Nov 16, 2023
M&A Activity
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| Informazione Regolamentata n. 0159-32-2023 |
Data/Ora Inizio Diffusione 16 Novembre 2023 20:36:03 |
Euronext Star Milan | ||
|---|---|---|---|---|
| Societa' | : | INTERPUMP GROUP | ||
| Identificativo Informazione Regolamentata |
: | 183491 | ||
| Nome utilizzatore | : INTERPUMPN03 - Cugnasca |
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| Tipologia | : | 3.1 | ||
| Data/Ora Ricezione | : | 16 Novembre 2023 20:36:02 | ||
| Data/Ora Inizio Diffusione |
: | 16 Novembre 2023 20:36:03 | ||
| Oggetto | : | IP - Commitment set forth in the Company's press release of 6th December 2022 fulfilment conclusion |
||
| Testo del comunicato |
Assolto l'impegno di cui al Comunicato Stampa del 6 Dicembre 2022
Conclusa positivamente la cessione parziale di azioni Interpump Group S.p.A. da parte di Gruppo IPG Holding S.p.A.
QUESTO COMUNICATO E QUALSIASI INFORMAZIONE CONTENUTA IN QUESTO DOCUMENTO NON POSSONO ESSERE PUBBLICATI O DISTRIBUITI, DIRETTAMENTE O INDIRETTAMENTE, IN TUTTO O IN PARTE NEGLI STATI UNITI D'AMERICA, CANADA, SUD AFRICA, AUSTRALIA, GIAPPONE O IN UNA QUALSIASI GIURISDIZIONE IN CUI L'OFFERTA E LA VENDITA SAREBBERO VIETATE DALLE LEGGI APPLICABILI.
IL PRESENTE COMUNICATO È SOLO A SCOPO INFORMATIVO E NON È DESTINATO AD ESSERE NÉ COSTITUISCE UN'OFFERTA DI VENDITA O UNA SOLLECITAZIONE A COMPRARE ALCUNA AZIONE IN NESSUNA GIURISDIZIONE, COMPRESI GLI STATI UNITI D'AMERICA, CANADA, SUD AFRICA, AUSTRALIA, GIAPPONE. QUESTO COMUNICATO STAMPA E QUALSIASI INFORMAZIONE CONTENUTA IN QUESTO DOCUMENTO NON POSSONO COSTITUIRE LE BASI PER, O ESSERE CONSIDERATI IN RELAZIONE AD ALCUNA OFFERTA O IMPEGNO DI QUALUNQUE TIPO IN NESSUNA GIURISDIZIONE.
Sant'Ilario d'Enza (RE), 16 novembre 2023 – Interpump Group S.p.A. (di seguito anche "Interpump" o la "Società"), facendo seguito al comunicato stampa già pubblicato in data odierna, comunica di essere stata informata da parte di Gruppo IPG Holding S.p.A. della positiva conclusione della cessione di 1.800.000 azioni Interpump per un controvalore di 75.780.000,00 euro, al lordo di oneri e commissioni. L'operazione si è perfezionata ad un prezzo di 42,10 euro per azione e verrà regolata mediante consegna dei titoli e pagamento del corrispettivo in data 21 novembre 2023.
La cessione delle azioni è avvenuta mediante una procedura di Accelerated Bookbuilding riservato ad investitori qualificati in Italia ed all'estero, con l'esclusione di qualsiasi paese o giurisdizione nei quali l'offerta o la vendita delle azioni oggetto di offerta sono vietate, o in assenza di esenzioni. Morgan Stanley & Co. International plc ha agito in qualità di Sole Bookrunner e Equita SIM S.p.A. ha agito in qualità di Co-Bookrunner nel contesto dell'operazione.
Con la cessione delle suddette azioni si è assolto all'impegno di cui al comunicato stampa della Società del 6 dicembre 2022 che riguardava l'esenzione dall'obbligo solidale di promuovere un'offerta pubblica di acquisto sulle azioni della Società di cui all'art. 49, comma 1, lett. e) del Regolamento Emittenti.
Gruppo IPG Holding S.p.A. si è impegnata per un periodo di 365 giorni di lock up sulle rimanenti azioni detenute, fatta eccezione per accordi di garanzia già esistenti su tali azioni e eventuali trasferimenti conseguenti all'escussione di tali garanzie.
A completamento dell'operazione: (a) Gruppo IPG Holding S.p.A. è titolare di 25.501.799 azioni Interpump, rappresentative del 23,422% del capitale della Società, (b) il dottor Fulvio Montipò è titolare di 1.555.233 azioni Interpump, rappresentative dell'1,428% del capitale della Società e (c) Leila Montipò e sorelle S.A.p.A. è titolare di 150.000 azioni Interpump, rappresentative dello 0,138% del capitale della Società; pertanto attualmente la porzione del capitale sociale di Interpump complessivamente detenuta da Gruppo IPG Holding S.p.A., dal dottor Fulvio Montipò e da Leila Montipò e sorelle S.A.p.A. è del 24,988%.
Nell'ambito dell'operazione descritta Tamburi Investment Partners S.p.A. (socio di Gruppo IPG Holding S.p.A.) ha dato disponibilità a cedere e Gruppo IPG Holding S.p.A. ha dato disponibilità ad acquistare una quota del capitale della stessa Gruppo IPG Holding S.p.A. pari al 5% (rispetto alla quota complessivamente ad oggi detenuta da TIP in Gruppo IPG Holding S.p.A. del 32,175%).
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN. NEITHER THIS ANNOUNCEMENT NOR ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN CONNECTION WITH, ANY OFFER OR COMMITMENT WHATSOEVER IN ANY JURISDICTION.
Sant'Ilario d'Enza (RE), November 16th 2023 – Interpump Group S.p.A. (hereinafter also "Interpump" or the "Company"), following the press release published today, announces that it has been informed by Gruppo IPG Holding S.p.A. of the successful conclusion of the sale of 1,800,000 Interpump shares, corresponding to euro 75,780,000.00, gross of charges and commissions.
The transaction was completed at a price of 42.10 euros per share and will be settled by delivery of the securities and payment of the consideration on November 21st, 2023.
The sale of the shares has been realized through an accelerated bookbuild procedure dedicated to qualified investors in Italy and abroad, except for any country or jurisdiction in which the offer or the sale of the shares would be prohibited by applicable law.
Morgan Stanley & Co. International plc acted as Sole Bookrunner and Equita SIM S.p.A. acted as Co-Bookrunner in the context of the transaction.
The transaction fulfils the commitment set forth in the Company's press release of December 6th, 2022, concerning the exemption from the joint and several obligation to promote a takeover bid on the Company's shares pursuant to Article 49 para. 1, letter e) of the Issuers' Regulations.
Gruppo IPG Holding S.p.A. has agreed to a 365-day lock-up with respect to its remaining stake in Interpump, subject to an exception in relation to existing security arrangements over Interpump shares and transfers related to the enforcement of any such security.
Following the transaction: (a) Gruppo IPG Holding S.p.A. owns 25,501,799 Interpump shares, corresponding to 23.422% of Interpump's share capital, (b) Mr. Fulvio Montipò continues to own 1,555,233 Interpump shares, corresponding to 1.428% of Interpump's share capital; (c) Leila Montipò e sorelle S.A.p.A. owns 150,000 Interpump shares, corresponding to 0.138% of Interpump's share capital; therefore, the combined interest in Interpump's share capital held by Gruppo IPG Holding S.p.A., Mr. Fulvio Montipò and Leila Montipò e sorelle S.A.p.A. amounts to 24.988%.
As part of the transaction, Tamburi Investment Partners S.p.A. (a shareholder of Gruppo IPG Holding S.p.A.) has agreed to sell, and Gruppo IPG Holding S.p.A. has agreed to buy, part of the share capital of Gruppo IPG Holding S.p.A. (compared to the current holding of 32.175% of Gruppo IPG Holding S.p.A.'s share capital by TIP).
THIS ANNOUNCEMENT IS NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA), CANADA, SOUTH AFRICA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE SUCH AN ANNOUNCEMENT WOULD BE UNLAWFUL. THE DISTRIBUTION OF THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS INTO WHOSE POSSESSION THIS DOCUMENT OR OTHER INFORMATION REFERRED TO HEREIN COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTION. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTION.
THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES WITHOUT REGISTRATION THEREUNDER OR PURSUANT TO AN AVAILABLE EXEMPTION THEREFROM. NEITHER THIS DOCUMENT NOR THE INFORMATION CONTAINED HEREIN CONSTITUTES OR FORMS PART OF AN OFFER TO SELL, OR THE SOLICITATION OF AN
OFFER TO BUY, SECURITIES IN THE UNITED STATES. THERE WILL BE NO PUBLIC OFFER OF ANY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION.ANY PUBLIC OFFERING OF SECURITIES TO BE MADE IN THE UNITED STATES WILL BE MADE BY MEANS OF A PROSPECTUS THAT MAY BE OBTAINED FROM THE ISSUER OR THE SELLING SECURITY HOLDER AND THAT WILL CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS.
PURSUANT TO THE PROSPECTUS REGULATION, IN MEMBER STATES (EACH, A "RELEVANT MEMBER STATE") OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED EXCLUSIVELY AT PERSONS WHO ARE "QUALIFIED INVESTORS" WITHIN THE MEANING OF THE PROSPECTUS REGULATION ("QUALIFIED INVESTORS"). FOR THESE PURPOSES, THE EXPRESSION "PROSPECTUS REGULATION" MEANS REGULATION (EU) 2017/1129 AND INCLUDES ANY RELEVANT IMPLEMENTING MEASURE IN THE RELEVANT MEMBER STATE. IN THE UNITED KINGDOM THIS ANNOUNCEMENT IS DIRECTED EXCLUSIVELY AT QUALIFIED INVESTORS (I) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR (II) WHO FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER, AND (III) TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED; ANY OTHER PERSONS IN THE UNITED KINGDOM SHOULD NOT TAKE ANY ACTION ON THE BASIS OF THIS ANNOUNCEMENT AND SHOULD NOT ACT ON OR RELY ON IT. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES OR INVESTMENTS FOR SALE NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES OR INVESTMENTS IN ANY JURISDICTION WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO ACTION HAS BEEN TAKEN THAT WOULD PERMIT AN OFFERING OF
THE SECURITIES OR POSSESSION OR DISTRIBUTION OF THIS ANNOUNCEMENT IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED. PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS.
NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, IS OR WILL BE MADE AS TO, OR IN RELATION TO, AND NO RESPONSIBILITY OR LIABILITY IS OR WILL BE ACCEPTED BY MORGAN STANLEY & CO. INTERNATIONAL PLC AND EQUITA SIM S.P.A. (THE "MANAGERS") OR BY ANY OF THEIR AFFILIATES OR AGENTS AS TO, OR IN RELATION TO, THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OTHER WRITTEN OR ORAL INFORMATION MADE AVAILABLE TO OR PUBLICLY AVAILABLE TO ANY INTERESTED PARTY OR ITS ADVISERS, AND ANY LIABILITY THEREFORE IS EXPRESSLY DISCLAIMED.
IN CONNECTION WITH THE OFFERING OF THE SHARES OF INTERPUMP GROUP S.P.A. (THE "SHARES"), THE MANAGERS AND ANY OF THEIR AFFILIATES ACTING AS INVESTORS FOR THEIR OWN ACCOUNT MAY TAKE UP AS A PROPRIETARY POSITION ANY SHARES AND IN THAT CAPACITY MAY RETAIN, PURCHASE OR SELL FOR THEIR OWN ACCOUNT SUCH SHARES. IN ADDITION THE MANAGERS OR THEIR AFFILIATES MAY ENTER INTO FINANCING ARRANGEMENTS AND SWAPS WITH INVESTORS IN CONNECTION WITH WHICH THE MANAGERS (OR THEIR AFFILIATES) MAY FROM TIME TO TIME ACQUIRE, HOLD OR DISPOSE OF SHARES. THE MANAGERS DO NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY OBLIGATION TO DO SO.
THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS FOR BACKGROUND PURPOSES ONLY AND DOES NOT PURPORT TO BE FULL OR COMPLETE. NO RELIANCE MAY BE PLACED FOR ANY PURPOSE ON THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT OR ITS ACCURACY OR COMPLETENESS. THIS ANNOUNCEMENT DOES NOT PURPORT TO IDENTIFY OR SUGGEST THE RISKS (DIRECT OR INDIRECT) WHICH MAY BE ASSOCIATED WITH AN INVESTMENT IN THE SHARES. ANY INVESTMENT DECISION IN CONNECTION WITH THE SHARES MUST BE MADE SOLELY ON THE BASIS OF ALL PUBLICLY AVAILABLE INFORMATION RELATING TO THE SHARES (WHICH HAS NOT BEEN INDEPENDENTLY VERIFIED BY THE MANAGERS).
THE MANAGERS ARE ACTING ON BEHALF OF GRUPPO IPG HOLDING S.P.A. AND NO ONE ELSE IN CONNECTION WITH ANY OFFERING OF THE SHARES AND WILL NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING THE PROTECTIONS AFFORDED TO CLIENTS OF THE MANAGERS NOR FOR PROVIDING ADVICE IN RELATION TO ANY OFFERING OF THE SHARES.
THIS COMMUNICATION AND ANY SUBSEQUENT OFFER OF SECURITIES MAY BE RESTRICTED BY LAW IN CERTAIN JURISDICTIONS AND PERSONS RECEIVING THIS COMMUNICATION OR ANY SUBSEQUENT OFFER SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTION AND MUST NOT UNDER ANY CIRCUMSTANCES FORWARD THIS COMMUNICATION TO ANY OTHER PERSON. FAILURE TO COMPLY WITH SUCH RESTRICTIONS MAY VIOLATE SECURITIES LAWS OF ANY SUCH JURISDICTION.
Media Relations: Investor Relations: Moccagatta Associati Elisabetta Cugnasca Tel. +39-02-8645.1695 Tel. +39-0522-904433 [email protected] [email protected]
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