Italian eyewear group Safilo’s share capital increase subscribed for 80.7% of shares on offer

Italian eyewear group Safilo has announced in a press release the end of the period for the exercise of the option rights for the subscription of up to 213,043,881 new ordinary shares, relating to the capital increase approved by the group’s extraordinary shareholders’ meeting held on October 29.

During the subscription period, which began on December 3 and ended on December 17, a total of  50,580,195 option rights were exercised for the subscription of 171,972,663 new shares, representing approximately 80.7% of the shares on offer, for a total amount of €121 million.

Safilo’s reference shareholder, Multibrands Italy B.V., a subsidiary of the group's owner, HAL Holding N.V., subscribed and paid in full its allotted portion of the share capital increase (approximately 41.6%), for a total amount of €62.4 million.

At the end of the subscription period, 12,079,770 option rights remained unexercised, relating to 41,071,218 new shares, approximately 19.3% of the total on offer, worth altogether €28.9 million.

The unexercised rights may be used to buy new shares, at a price of €0.704 each, at the subscription ratio of 17 new shares for every 5 unexercised rights.