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La Scogliera S.p.A. completes the placement of 6,000,000 Banca IFIS S.p.A ordinary shares (statements)


La Scogliera S.p.A. announces that it has completed the placement of 6,000,000 ordinary shares of Banca IFIS S.p.A., equal to approximately 11% of Banca IFIS’s share capital, for an amount equal to Euro 54.6 million. The offer closed last night, with high quality of demand and a high number of institutional investors: 60% of the offer was taken up by international institutional investors, 40% by Italian institutions. The placement was carried out through an accelerated book built offering to institutional investors and closed at a price of Euro 9.10 per share. The transaction will be settled by delivery of shares and payment of the consideration on 9 October 2013. Intermonte SIM S.p.A. acted as Sole Bookrunner for the placement. As a result of the sale, La Scogliera will hold approximately 57% of Banca IFIS’s share capital subject to a lock-up period of 180 days. “This is a historic operation for Banca IFIS – says Giovanni Bossi, C.E.O. of Banca IFIS – One which not only confirms the quality of our work but also allows us to look to the word ‘growth’ with even more enthusiasm. The interest in the placement shown by investors confirms the growing confidence in the economic outlook and the Italian credit market, confirming the effectiveness of Banca IFIS’s business model.” “Let’s not forget – adds Alessandro Csillaghy, Managing Director of La Scogliera S.p.A. – that new shareholders investing in Banca IFIS, all belonging to important international funds, signifies prestige but also means more commitment and responsibility, both of which we are ready to undertake, not only in order to be successful in our business, but also to encourage growth in Italy’s economy. We would like to thank Intermonte SIM S.p.A. for the work done, which was carried out in an impressive and efficient manner and which surely contributed to the positive outcome of the placement.”