Ducati Motor Holding Announces Capital Increase for Euro 80 Million
May 04 2006 - 11:48AM
PR Newswire (US)
BOLOGNA, Italy, May 4 /PRNewswire-FirstCall/ -- The Board of
Directors of Ducati Motor Holding S.p.A. (NYSE:DMH) (Borsa Italiana
S.p.A: DMH), met today following Consob's authorisation issued on
May 3rd, 2006 to publish the prospectus relating to the offer of
Ducati Motor Holding S.p.A. ordinary shares by way of subscription
rights to its own shareholders pursuant to the capital increase as
outlined in the press release on April 13th, 2006. The following
was approved: - the maximum number of new shares to be issued under
the capital increase is 160,343,960; - the relative issuing share
price is Euro 0.4985 - the ratio between shares offered by way of
subscription rights and shares owned is 1 new share per 1 owned
share. The prospectus relating to the offer will be published
today. The offer period and negotiation on the stock market of
subscription rights will begin on May 8th, 2006, the last day of
negotiation on the stock market of subscription rights will be May
19th, 2006. The offer period will end on May 26th, 2006, which is
also the last day for payment of the new shares. Subscription
rights not exercised by May 26th, 2006 will be offered on the stock
market by Ducati Motor Holding S.p.A., according to art. 2441,
sections 3 of the Italian civil code. At present, the expected
start and end dates of the period for the offer on the stock
exchange of subscription rights not exercised during the offer
period will be from Monday June 5th, to Friday June 9th, 2006; the
definitive start and end dates of the offer on the stock market
will be communicated in a press release to the market. Furthermore,
the underwriting agreement was executed today whereby UniCredit
Banca Mobiliare S.p.A. and the other members of the syndicate of
stand-by underwriters have undertaken to subscribe to all the
shares that may remain unsubscribed to at the end of the offer
period on the stock market; such undertaking does not include those
shares that World Motors S.A., World Motors Red S.c.A. and World
Motors White S.c.A. have committed themselves to subscribe to as a
result of the exercise of all their subscription rights based on
the shares of the Company that they own. Founded in 1926, Ducati
develops racing-inspired motorcycles characterized by unique engine
features, innovative design, advanced engineering and overall
technical excellence. The Company produces motorcycles in six
market segments which vary in their technical and design features
and intended customers: Superbike, Supersport; Monster, Sport
Touring, Multistrada and Sport Classic. The Company's motorcycles
are sold in more than 60 countries worldwide, with a primary focus
in the Western European and North American markets. Ducati has won
thirteen of the last fifteen World Superbike Championship titles
and more individual victories than the competition put together.
For more information about the Company, please visit our web site
at http://www.ducati.com/ This press release is not an offer to
invest in Italy, according to Art. 1, letter (t) of the Italian
legislative Decree no. 58 of February 24th, 1998, or in any other
country. This press release cannot be transmitted or distributed to
any persons in the United States or in any country where its
distribution is not allowed without the express approval from the
relevant authorities. This press release contains statements that
are forward-looking and are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from those anticipated, as described in documents previously filed
by the Company with CONSOB and with the U.S. Securities and
Exchange Commission. These materials are not an offer of securities
for sale in the United States. The securities may not be offered or
sold in the United States absent registration with the United
States Securities and Exchange Commission or an exemption from
registration under the U.S. Securities Act of 1933, as amended. Any
public offering of the company's securities to be made in the
United States will be made by means of a prospectus that may be
obtained from the company and that will contain detailed
information about the company and its management, including
financial statements. DATASOURCE: Ducati Motor Holding S.p.A.
CONTACT: For further information, please contact: Federico Strano,
Director, Investor Relations, Ducati Motor Holding S.p.A., Via
Cavalieri Ducati, 3, Bologna 40132, Italy, e-mail: , Main Tel:
+39-051-6413-111, Direct Tel: +39-051-6413-213
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