ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

0RON BFF Bank SpA

10.605
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
BFF Bank SpA LSE:0RON London Ordinary Share Ordinary Shares
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.605 10.34 10.87 500 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Jefferies International Limited. Successful Completion of Sale of Existing Shares (1067E)

09/03/2022 7:00am

UK Regulatory


BFF Bank (LSE:0RON)
Historical Stock Chart


From Mar 2021 to Mar 2024

Click Here for more BFF Bank Charts.

TIDM0RON

RNS Number : 1067E

Jefferies International Limited.

09 March 2022

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THE SECURITIES REFERRED TO HEREIN, IN OR INTO ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

PLEASE SEE THE IMPORTANT NOTICE AT THE OF THIS PRESS RELEASE.

Successful completion of the accelerated bookbuild offering launched by Equinova UK Holdco Ltd in BFF Bank S.p.A.

The proceeds amount to approximately EUR80 million, deriving from the sale of 14,043,704 existing ordinary shares of BFF Bank S.p.A., at a price of EUR5.70 per share.

9(th) March 2022

Further to the press release published on 8(th) March 2022, Equinova UK Holdco Ltd ("Equinova"), announces that it has successfully sold 14,043,704 existing ordinary shares of BFF Bank S.p.A. ("BFF" or the "Company"), corresponding to approximately 7.6% of the outstanding ordinary share capital of the Company, at a price of EUR5.70 per share. The sale has been undertaken via an accelerated bookbuilding process (the "Offering") reserved exclusively to: (i) "qualified investors", as defined under Art. 2(e), of Regulation (EU) 2017/1129, in the European Economic Area; and (ii) institutional investors overseas (excluding any country or jurisdiction in which the offer or sale of such shares is prohibited by law or in the absence of exemptions), thus relying on the exemptions of publication of a prospectus or offering document. No prospectus or offering document has been or will be prepared in connection with the Offering.

Following settlement of the Offering, which is subject to customary closing conditions and expected to take place on 11(th) March 2022, Equinova will exit from BFF.

Jefferies International Limited and Jefferies GmbH ("Jefferies") jointly acted as Sole Global Coordinator and Sole Bookrunner in connection with the Offering.

BFF will not receive any proceeds from the Offering.

IMPORTANT NOTICE

No person has authorised any offer to the public of the Offer Shares in any Member State of the European Economic Area. With respect to any Member State of the European Economic Area (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the Offer Shares may only be offered in the Relevant Member States (i) to any legal entity which is a qualified investor as defined in the Regulation (EU) 2017/1129, as amended (the "Prospectus Regulation"); or (ii) in any other circumstances falling within Article 1(3) and 4(2) of the Prospectus Regulation provided that no such offer will result in a requirement for the publication of a prospectus pursuant to Article 3 of the Prospectus Regulation. For the purposes of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable the investor to decide the purchase or subscribe for the securities.

In Italy, the offer and sale of the Offer Shares by the Seller is directed only at "qualified investors", as defined pursuant to Article 34-ter, paragraph 1, letter b) of CONSOB Regulation No. 11971 of May 14, 1999, as amended, implementing Article 100 of Italian Legislative Decree No. 58 of February 24, 1998, as amended.

In the United Kingdom, no person has authorised any offer to the public (within the meaning of the UK Prospectus Regulation (being Regulation (EU) 2017/1129 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018)) of any Offer Shares which are the subject of the Offering in the United Kingdom in circumstances requiring the publication of a prospectus pursuant to Article 3(1) of the UK Prospectus Regulation. The offer and sale of Offer Shares is directed only at persons who (i) have professional experience in matters relating to investments who fall within article 19(5) of the Financial Services And Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order"); or (ii) fall within Article 49(2)(a) to (d) of the Order or (iii) are persons to whom an offer of Offer Shares may otherwise lawfully be made (all such persons together being referred to as "relevant persons").The information regarding the placing set out in this press release must not be acted on or relied on by persons who are not relevant persons, any investment or investment activity to which this press release relates is available only to relevant persons and will be engaged in only with relevant persons.

This press release and the information contained herein is for information purposes only and does not constitute or form part of any offer of, or the solicitation of an offer to acquire or dispose of securities in the United States, Canada, Australia, South Africa or Japan or in any other jurisdiction in which such an offer or solicitation is unlawful.

The Offer Shares have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or under the applicable securities laws of any state or other jurisdiction of the United States, Canada, Australia, South Africa or Japan or of any other jurisdiction. The Offer Shares may not be offered or sold in the United States unless registered under the US Securities Act or offered in a transaction exempt from, or not subject to, the registration requirements of the US Securities Act and the securities laws of any relevant state or other jurisdiction of the United States. There will be no public offering of the Offer Shares in the United States or elsewhere.

The Offer Shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the Offering or the accuracy or adequacy of this press release. Any representation to the contrary is a criminal offence in the United States.

Any offer and sale of the Offer Shares in Canada will be made on a private placement basis only and is exempt from the requirement that the Company prepares and files a prospectus under applicable Canadian securities laws. Any resale of the Offer Shares into Canada must be made in accordance with applicable Canadian securities laws, which may vary depending on the relevant jurisdiction, and which may require resales to be made in accordance with Canadian prospectus requirements, a statutory exemption from the prospectus requirements, in a transaction exempt from the prospectus requirements or otherwise under a discretionary exemption from the prospectus requirements granted by the applicable local Canadian securities regulatory authority. These resale restrictions may under certain circumstances apply to resales of the Offer Shares outside of Canada. There will be no public offering of the Offer Shares in Canada. This press release does not contain all of the information that would normally appear in a prospectus under applicable Canadian securities laws. No securities commission or similar authority in Canada has reviewed or in any way passed upon this press release or the merits of the Offer Shares. Any representation to the contrary is an offense. This press release is not, and under no circumstances is to be construed as, a prospectus, an advertisement or a public offering of the Offer Shares in Canada.

No offer and sale of Offer Shares is or will be made in Canada, except to persons who are: (a) a "accredited investor" within the meaning of Section 1.1 of National Instrument 45-106 - Prospectus Exemptions (" NI 45-106 ") of the Canadian Securities Administrators or subsection 73.3(1) of the Securities Act (Ontario) (the " OSA "), as applicable, and is either purchasing the Offer Shares as principal for its own account, or is deemed to be purchasing the Offer Shares as principal for its own account in accordance with applicable Canadian securities laws, for investment only and not with a view to resale or redistribution; (b) not created or used solely to purchase or hold the Offer Shares as an accredited investor under NI 45-106; (c) a "permitted client" within the meaning of National Instrument 31-103 - Registration Requirements, Exemptions and Ongoing Registrant Obligations (" NI 31-103 ") of the Canadian Securities Administrators; and (d) entitled under applicable Canadian securities laws to purchase the Offer Shares without the benefit of a prospectus under such securities laws.

No prospectus or offering document has been or will be prepared in connection with the Offering. Any investment decision to buy securities in the Offering must be made solely on the basis of publicly available information. Such information is not the responsibility of and has not been independently verified by any of Equinova, Jefferies or any of their respective affiliates.

Neither this press release nor any copy of it may be taken, transmitted or distributed, directly or indirectly, in or into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa or Japan or any other jurisdiction where such action would be unlawful. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Australian, South African or Japanese or other applicable securities laws.

The distribution of this press release and the offering or sale of the Offer Shares in certain jurisdictions may be restricted by law. No action has been taken by Equinova, Jefferies or any of their respective affiliates that would, or which is intended to, permit a public offer of the Offer Shares in any jurisdiction or possession or distribution of this press release or any other offering or publicity material relating to the Offer Shares in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required by Equinova, Jefferies to inform themselves about and to observe any applicable restrictions.

This press release does not constitute a recommendation concerning the Offering. This press release does not represent the announcement of a definitive agreement to proceed with the Offering and, accordingly, there can be no certainty that the Offering will proceed. Equinova and Jefferies reserve the right not to proceed with the Offering or to vary the terms of the Offering in any way. Any investment decision to participate in the Offering must be made solely on the basis of publicly available information. Such information is not the responsibility of, and has not been independently verified by any of, Equinova, Jefferies or any of their respective affiliates, directors, officers, employees, advisers or agents.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

ROIDGGDXSGGDGDI

(END) Dow Jones Newswires

March 09, 2022 02:00 ET (07:00 GMT)

1 Year BFF Bank Chart

1 Year BFF Bank Chart

1 Month BFF Bank Chart

1 Month BFF Bank Chart

Your Recent History

Delayed Upgrade Clock