UNICREDIT (UCG): UniCredit launches placement of ordinary shares in FinecoBank S.p.A. representing 20% of the Company’s existing share capital - raport 68

Raport bieżący nr 68/2016

Podstawa Prawna: Inne uregulowania
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JURISDICTION

UniCredit launches placement of ordinary shares in FinecoBank S.p.A. representing 20% of the Company’s existing share capital

UniCredit S.p.A. (“UniCredit”) announces the launch of a placement of ordinary shares in its subsidiary, FinecoBank S.p.A. ("FinecoBank" or the "Company"), representing 20% 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 will enable UniCredit to support its continued organic growth, in the context of the strategic review announced on 11 July 2016. The Placement would also increase the free float of FinecoBank shares.

Upon completion of the Placement, UniCredit will continue to control and consolidate the Company with a shareholding of c.a. 35%, hence leveraging on FinecoBank's distinctive capabilities and know-how and supporting its liquidity investment policy.

The Placement is a further clear indication that UniCredit intends to act in a decisive manner to seize any incremental opportunities to create value in line with the renewed impetus of proactive portfolio management in which all assets will be subject to the same disciplined capital management.

UniCredit has agreed to a 360 day 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 Global Coordinators and Joint Bookrunners of the Placement.

UniCredit S.p.A.

Milan, 12 October 2016

Contact:

Media Relations

tel +39 02 88623569

e mail: mediarelations@unicredit.eu

Investor Relations

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 with the United States Securities and Exchange Commission 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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