Voluntary Public Tender Offer for all ordinary shares of YNAP – Completed transfer to RLG Italia Holding S.p.A. of newly issued ordinary YNAP shares acquired through the exercise of stock options by Federico Marchetti and other beneficiaries
COMPLETED TRANSFER TO RLG ITALIA HOLDING S.P.A. OF NEWLY ISSUED ORDINARY YNAP SHARES ACQUIRED THROUGH THE EXERCISE OF STOCK OPTIONS BY FEDERICO MARCHETTI AND OTHER STOCK OPTION BENEFICIARIES
With reference to the voluntary public tender offer launched pursuant to Articles 102 and 106, paragraph 4, of Legislative Decree n. 58/1998 (the “Offer”) from RLG Italia Holding S.p.A. (the “Offeror” or “RLG”), a company indirectly owned by Compagnie Financière Rupert S.A. for all ordinary shares of YOOX NET-A-PORTER Group S.p.A. (“YNAP”), following the press releases issued by the Company on 21 and 23 May 2018 notice of the following is hereby given.
Capitalized terms have the same meaning herein that they were assigned in the offer document (the “Offer Document”) approved by Consob with resolution n. 20335 of 14 March 2018 and published by the Offeror on 18 March 2018.
Today the transfer to the Offeror, at a price of Euro 38.00 per share (equal to the Offer Consideration), of n. 2,417,147 newly issues YNAP Ordinary shares acquired through the exercise, on 23 May, by the Chief Executive Officer, Federico Marchetti, of overall n. 2,417,147 stock options of which 805,716 Stock Options and 1,611,431 Change of Control Stock Options, was completed in accordance with the agreement entered into on 21 May 2018 with RLG.
In the same context the transfer to the Offeror, always at a price of Euro 38,00 per share (equal to the Offer Consideration) of additional n. 726,999 newly issued ordinary YNAP shares acquired through the exercise, on 23 May, by 13 further beneficiaries of stock option plans of n. 726,999 stock options, of which 360,332 Stock Options and 366,667 Change of Control Stock Options was also completed in accordance with the similar agreements entered into by RLG and the above beneficiaries (reference is made to the press releases issued on 21 May and 23 May 2018).
For more information on the Offer and on the ongoing sell-out procedure, reference is made to the Offer Document and to the press releases published on YNAP website www.ynap.com (under the Section / Investor Relations/Public Tender Offer on YNAP shares) and on Richemont’s website at www.richemont.com (under the section Investors / YOOX NET-A-PORTER GROUP tender offer).