Compagnie Industriali Riunite S.p.A.

Equities

CIR

IT0000080447

Delayed Borsa Italiana Other stock markets			5-day change	1st Jan Change
- ^EUR	-.--%		-47.70%	-45.68%

Apr. 22	CIR bought back own shares for EUR609,000 approx.	AN
Apr. 15	CIR goes ahead with buybacks of its own ordinary shares	AN

CIR : bondholders approve early redemption of the 2024 notes

October 13, 2014 at 10:15 am EDT

CIR: bondholders approve early redemption of the 2024 notes

Results of the tender offer and proposal for the modifications to the terms and conditions of the "2024 € 300MN 5.75% Notes" (€ 210,162,000 outstanding)

CIR: THE EARLY REDEMPTION OF THE 2024 NOTES ON 16 OCTOBER 2014 HAS BEEN APPROVED BY THE HOLDERS OF THE NOTES

The majority of the holders of the Notes adhered to the tender offer and approved the proposal with regard to the early redemption. The total amount to be paid by CIR is equal to €237,147,254.28

Milan, 13 October 2014 - CIR Sp.A. - Compagnie Industriali Riunite today announces, further to the press release published on 9 September 2014, the results of the tender offer of its "€ 300,000,000 5.75 per cent. Notes due 2024" (€ 210,162,000 outstanding) and the proposal to modify the terms and conditions of the Notes to provide for the early redemption of all, but not some only, of the Notes remaining on completion of the offer. The aggregate nominal amount of Notes validly tendered by holders pursuant to the offer and, which the Company, following the passing of Extraordinary Resolution, accepts to purchase is € 107,192,000. The Company has also received voting only instructions in favour of the proposal to modify the terms and conditions of the Notes for an aggregate nominal amount equal to € 6,533,000, obtaining a total amount of votes in favour of the modifications to the terms and conditions for an aggregate nominal amount equal to € 113,725,000. The meeting of the holders of the Notes for the approval of the modifications to the terms and conditions of the Notes was held in Milan today. The majority required was met and the Extraordinary Resolution for the early redemption, as set out in the Notice of Meeting, was duly passed. The Company hereby announces that the Settlement Date for the offer and the proposal will be 16 October 2014. The total amount to be paid by CIR in relation to the offer and the proposal is equal to € 237,147,254.28,.

13 October 2014 | 16:06 CEST

PDF File (167Kb)

distributed by

Latest news about Compagnie Industriali Riunite S.p.A.

CIR bought back own shares for EUR609,000 approx.	Apr. 22	AN
CIR goes ahead with buybacks of its own ordinary shares	Apr. 15	AN
CIR buys back own ordinary shares for over EUR160,000	Apr. 08	AN
CIR goes ahead with buybacks of its own ordinary shares	Apr. 03	AN
CIR goes ahead with buybacks of its own ordinary shares	Mar. 29	AN
CIR has purchased treasury shares for more than EUR610,000	Mar. 25	AN
BlackRock and Capital Fund exceed 0.5 percent on TIM	Mar. 21	AN
CIR purchases 1.9 million of its own ordinary shares	Mar. 18	AN
CIR goes ahead with buybacks as part of its buyback plan	Mar. 11	AN
CIR returns to profit and improves indicators in 2023	Mar. 11	AN
CIR goes ahead with buybacks with substantial share buyback	Mar. 04	AN
CIR has purchased more than one million of its own shares	Feb. 26	AN
Sogefi soars after accounts and Filtration deal	Feb. 26	AN
Marshall Wace cuts short on Saipem	Feb. 23	AN
CIR has purchased more than 820,000 of its own ordinary shares	Feb. 20	AN
Futures on "sell" side; UK inflation stable	Feb. 14	AN
Mib bearish in 31,100 area; Saipem stays afloat	Feb. 13	AN
CIR has purchased nearly 600,000 of its own ordinary shares	Feb. 12	AN
CIR goes ahead with its share buyback program	Feb. 05	AN
CIR ahead with buybacks, bought back own shares for over EUR100,000	Jan. 30	AN
CIR has purchased more than 521,000 of its own ordinary shares	Jan. 22	AN
CIR goes ahead with its share buyback program	Jan. 15	AN
CIR continues with buybacks of its own ordinary shares	Jan. 09	AN
CIR goes ahead with its share buyback program	Jan. 04	AN
CIR continues purchases as part of buyback program	Dec. 27	AN

Chart Compagnie Industriali Riunite S.p.A.

Duration

Period

Chart Compagnie Industriali Riunite S.p.A.

More charts

Company Profile

CIR SpA Compagnie Industriali Riunite is an Italy-based company. The Company structures its business into five sectors: Energy, Media, Automotive Components, Healthcare and Non-core Investments. In the Energy sector, the Company is active in the generation of electrical power and distribution of natural gas. The Media sector is focused on publishing, radio, television and Internet portals operation. The Automotive Components sector is primarily engaged in the production of engine systems and suspension components. In the Healthcare sector, the Company is active in the operation of nursing homes and rehabilitation centers, as well as in the provision of hi-tech medical services, such as diagnostic imagining, nuclear medicine and radio therapy. In the Non-core Investments sector, the Company is involved in venture capital funds, private equity funds and other investments.

Sector

More about the company