Rome, 29 January 2013 - Cassa depositi e prestiti Spa (CDP) announces that the board of directors, meeting today under the chairmanship of Franco Bassanini, has set the conversion ratio of preferred shares into ordinary shares, in view of the automatic conversion starting from 1 April 2013, as established by law and the Articles of Association.
The conversion ratio:
In the period between 15 February and 15 March 2013 preferred shareholders can exercise the right to benefit from a one-to-one conversion ratio, in order to preserve their share stake, paying CDP an adjustment amount of around 32.74 euros for every preferred share to be converted into ordinary share.
The board of directors has also determined the redemption value of preferred shares. For each preferred share for which is exercised the right of withdrawal, the redemption value, as stipulated by the Articles of Association, is equal to 6.299 euros. The determination of the redemption value will be applied at the request of withdrawal received - in the period of 1 October – 15 December 2012 –by two shareholders of CDP, collectively holding a total of 9,084,000 preferred shares (equal to 2.60% of the company’s share capital), and at the eventual requests that can be made during the next withdrawal period as set by the applicable Articles of Association (15 February – 15 March 2013).