UNICREDIT (UCG): UniCredit launches placement of ordinary shares in FinecoBank S.p.A. representing up to 10% of the Company’s existing share capital - raport 47

Raport bieżący nr 47/2016

Podstawa Prawna: Inne uregulowania
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

PRESS RELEASE

UniCredit launches placement of ordinary shares in FinecoBank S.p.A. representing up to 10% of the Company’s existing share capital

UniCredit S.p.A. (“UniCredit”), following the resolution of its Board of Directors, announces the launch of a placement of ordinary shares in its subsidiary, FinecoBank S.p.A. ("FinecoBank" or the "Company"), representing up to 10% of the Company’s existing share capital (the “Placement”). The Placement will be made to certain institutional investors by way of an accelerated bookbuilding process.

Bookbuilding will commence immediately. UniCredit reserves the right to change the terms or timing of the Placement at any time.

The Placement is aimed at enabling UniCredit to optimise capital allocation within the Group, with capital generated by the Placement to be used to further strengthen its capital ratio and to support its continued organic growth. The Placement would also increase free float of FinecoBank shares.

Following completion of the Placement, UniCredit, which currently holds approximately 65% of the Company’s share capital, will continue to retain a majority shareholding.

UniCredit confirms its key focus on delivering its unique Western, Eastern and Central European network to its extensive client base. This transaction should be seen as part of the commitment of the Group to reinforce and optimize its capital position and a renewed impetus of pro-active portfolio management in which all assets, with no exception, will be subject to the same disciplined capital management and any incremental value creating opportunities will be seized.

As customary, UniCredit has agreed to a 90 days lockup period with respect to any remaining FinecoBank shares it will hold following the Placement. Subject to customary exceptions, no additional sales of shares of FinecoBank will be made by UniCredit during the lock up period without the consent of UBS Limited on behalf of the Joint Bookrunners.

UBS Limited and UniCredit Bank AG, Milan Branch have been appointed by UniCredit to act as Joint Bookrunners of the Placement.

UniCredit S.p.A.

Milan, 11 July 2016

Contact:

Media Relations

tel +39 02 88623569

e mail: mediarelations@unicredit.eu

Investor Relations

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION

tel +39 02 88621872

e mail: investorrelations@unicredit.eu

DISCLAIMER: The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. It may be unlawful to distribute this announcement in certain jurisdictions.

This announcement is not for distribution in the United States, Canada, Australia, Japan, South Africa or in any other jurisdiction where to do so would be unlawful. This announcement is not an offer of securities for sale in the United States, Canada, Australia Japan or South Africa. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities discussed herein.

The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.

The offering has not and will not be registered by CONSOB in accordance with applicable law and regulations. Therefore, the shares and any documentation regarding the shares may be offered, sold or distributed in Italy only to Qualified Investors, as defined in Article 100 of the Legislative Decree no. 58 of 24 February 1998 ("Testo Unico Finanza") as referred to in Article 34-ter, first paragraph, letter b) of CONSOB Regulation 11971 of 14 May 1999, and subsequent modifications (“Regolamento Emittenti”), and, in any case subject to the provisions of the law and regulations set forth by CONSOB or any other Italian authority.

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