Morzotto executes demerger with Valentino Fashion Group
28 Jun '05
4 min read
3,284,373 convertible savings shares, with a nominal value of 1.00 euro each. Valentino Fashion Group ordinary, non-convertible and convertible savings shares will bear coupon no. 1 and dividend right as from 9 February 2005 (incorporation date of the company).
Marzotto subscribed and paid-up share capital is euro 73,986,302, divided into no. 68,208,963 ordinary shares, no. 2,492,966 non-convertible savings shares and no. 3,284,373 convertible savings shares, with a nominal value of 1.00 euro each.
The Beneficiary Company's shares will be traded on the Electronic Equity Market organised and managed by Borsa Italiana S.p.A. and will be assigned to the Demerged Company's shareholders at Monte Titoli S.p.A., through their respective authorised intermediaries, in the form of dematerialised securities.
Therefore Marzotto shareholders will automatically receive, into their security accounts, for each ordinary share and/or for each non-convertible savings share and/or for each convertible savings share of Marzotto - owned at the demerger effective date and without being necessary to give instructions to their intermediary – no. 1 ordinary share and/or no. 1 nonconvertible savings share and/or no. 1 convertible savings share of Valentino Fashion Group.
For over 160 years the Marzotto Group has stood for competitiveness and innovation. A world leader in the textile / apparel industry, it is highly visible along the entire pipelineparparel industry, it is highly visible along the entire pipeline: from yarns to fabrics to clothes.
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