19 April 2013 17:04
Price Sensitive extraordinary operations

Exchange offer addressed to the convertible bond holders

Exchange offer addressed to the holders of “€ 230,000,000 3.50 per cent. convertible bonds due 2013”

 In addition and amendment to the information disclosed to the market on 18 April 2013 in respect of the exchange offer (the “Exchange Offer”) addressed to the holders of the outstanding “€ 230,000,000 3.50 per cent. Convertible Bonds due 2013” (ISIN: XS0301344940) and having as consideration senior unsecured fixed rate notes (the “New Notes”), Immobiliare Grande Distribuzione SIIQ S.p.A. (“IGD” or the “Company”) specifies that:

(i)           in respect of the calculation of the fixed rate coupon to be paid annually to the holders of the New Notes, the 4-year mid-swap rate to be increased by 375 basis points will be determined on the first business day following the conclusion of the Exchange Offer;

(ii)          the final results of the Exchange Offer will be announced at or around 17:00 on 29 April 2013.

The Exchange Offer will be carried out in accordance with the terms and conditions set out in the Exchange Offer Memorandum. Holders are invited to read carefully the Exchange Offer Memorandum in order to obtain all the necessary details and information on the terms and conditions of the Exchange Offer as well as on the procedures to participate therein.

The Exchange Offer Memorandum may be obtained from the Dealer Managers and the Exchange Agent, as indicated below.

Banca IMI and BNP Paribas act as Dealer Managers of the Exchange Offer.

Lucid Issuer Services Limited acts as Exchange Agent.