Marcolin: public share offer opens

Consob (The Commission for Corporations and Stock Exchange) has authorized the publication of the document relating to the compulsory public purchase offer promoted by Adv Partecipazioni S.r.L. and Ddv Partecipazioni S.r.L., the companies owned by Andrea and Diego Della Valle, respectively, and by Cirillo Coffen Marcolin, Maurizio Coffen Marcolin, Maria Giovanna Zandegiacomo and Monica Coffen, for ordinary shares in Marcolin SpA.

The offer concerns 21,048,471 ordinary shares at a price of 1.4 euros per share. The operation does not envisage stock delisting, and, in the event the bidders and the other shareholders subscribing to the agreement should hold a shareholding higher than 90% of Marcolin ordinary share capital following to the public purchase offer, they will not promote a residual public purchase offer, but will restore a satisfactory number of shares in order to guarantee regular trading.

The subscription period is from January 24 through February 11, 2005.

Source: (Spystocks)