Notice to the Shareholders of CAD IT S.p.A. - Results of the Offer in Option and pre-emption

  • 14 November 2018, 16:29

Option and/or pre-emption rights duly exercised for all no. 1,970,039 shares (approx. 21.938% of the share capital) offered in option and pre-emption

CAD IT S.p.A. (www.caditgroup.com), a company leader in the Italian market of the financial software, following the press release published on October 12, 2018 – through which CAD IT S.p.A. (“CAD IT”) announced the offer in option and pre-emption (the “Offer in Option”) for no. 1,970,039 CAD IT shares (approx. 21.938% of the share capital) in relation to which the withdrawal right has been duly exercised (the “Withdrawn Shares”) as a consequence of the approval, by CAD IT extraordinary shareholders’ meeting held on September 10, 2018, of the “reverse” merger plan providing for the merger by incorporation of CAD IT into its fully-owned subsidiary CAD S.r.l. (the “Merger”) – hereby announces that, upon conclusion of the Offer in Option, the intention to acquire all the Withdrawn Shares as a result of the exercise of both option and pre-emption rights has been expressed.

In particular, in the context of the offer, the option rights were exercised in relation to no. 1,703,168 Withdrawn Shares and the pre-emptive rights were exercised in relation to no. 347,030 Withdrawn Shares. With reference to the pre-emptive rights, since the number of Withdrawn Shares requested was greater than the number of Withdrawn Shares which remained unsold, an allotment was made among all requesting shareholders pro rata to the number of rights exercised.

In light of the fact that the effectiveness of the Offer in Option is subject to the execution of the Merger deed, the settlement of the Withdrawn Shares, as well as the payment of the withdrawal consideration (equal to Euro 5.29 for each share) to the shareholders who have duly exercised the withdrawal right, will occur after and subject to the execution of the Merger deed, within the terms which will be communicated by CAD IT in accordance with applicable laws.

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