Mantua, 18 October 2006 – It was announced that, in execution of the agreements among the shareholders of Piaggio Holding Netherlands B.V. (hereinafter, "PHN") and following the admission to trading of the ordinary shares of Piaggio & C. S.p.A. ("Piaggio") on the Borsa Italiana S.p.A. automated trading system (the "Placement"), PHN, a subsidiary of Immsi S.p.A.., had today executed the following operations, among others: The operations were executed in compliance with the PHN company by-laws, adopting the criteria established in the frame agreement signed on 10 May 2006 by the shareholders of PHN, PHN itself, Piaggio and Scooter Holding 1 S.r.l. for the valuation of the equity holdings and the distribution of the Placement proceeds to the shareholders. As a result of the distribution, Immsi S.p.A. now holds directly a total of 217,907,659 Piaggio ordinary shares, for a stake of 56.188% of Piaggio share capital, which is represented by 387,817,026 ordinary shares with a par value of Euro 0.52. As a result of the operations described above, PHN no longer holds any Piaggio shares.
Piaggio Holding Netherlands B.V. distributes its Piaggio & C. S.p.A. ordinary shares and the proceeds from the Piaggio placement to its shareholders
Oct 18 2006 09:08
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85 KB Piaggio Holding Netherlands B.V. distributes its Piaggio & C. S.p.A. ordinary shares and the proceeds from the Piaggio placement to its shareholders - Download PDF