TABLE-Hypo Bank System, the details – Reuters Italy

       

 MILAN, June 23 (Reuters) – Bank System is an institution specialized in the purchase of trade receivables due from the public administration. The IPO will allow the release of the fund dall’azionariato SOF Luxco, it will sell its entire stake (in the case of full exercise of the greenshoe). The funds raised by the capital increase will be used to strengthen the core business of factoring, to grow new business lines such as employee loans and loans to SMEs, in order to diversify the business and to strengthen the commercial units on the ground. During the  presentation, the management did not rule out possible acquisitions. The OPVS Bank System provides for the offering of 38.98 million shares, 10 million resulting from a capital increase and 28,980,000 offered for sale by SOF Luxco. ————————————————– ————————————— THE GLOBAL DATA (OPVS) — ————————————————– ———————————— * Minimum Maximum Price per share (euro) 3.5 4 35 Number of shares offered max 38,98 mln Percentage capital offered 48.47% of which the share of the public 10% of which 90% quota reserved for institutional greenshoe option of 10% of the offer value pre IPO greenshoe (millions) 136.4 169 , 5 Enhancement priced IPO  pre-increase (millions) 246.5 306.3 Valuation in IPO prices after the increase (millions) 281.5 349.8 Minimum Lot 1,000 shares to retail ———- ————————————————– —————————– —————— CALENDAR PUBLIC OFFERING ————————————————– ——————— The offer closes on June 29 Communication of the offer price expected within 2 working days Quotation Market: Italian Stock Exchange MTA —– ————————————————– ———————————- FEES SHARE POST-IPO ———–  ————————————————– —————————- PRE-IPO POST-POST-IPO GREENSHOE SOF Luxco Sarl ** 46.69% 4.85% — SGBS 26.38% 23.10% 23.10% 8.45% 7.40% Sicilia Foundation 7.40% 8.45% 7.40% Foundation Pisa 7.40% 8.45 Fondazione CR Alessandria % 7.40% 7.40% 0.58% 0.51% 0.51 Garbifin% Other shareholders 1% 0.87% 0.87% Free float – 48.47% 53.32% —– ————————————————– ———————————- GLOBAL ADVISOR ————- ————————————————– ————————– GLOBAL COORDINATOR RESPONSIBLE PUBLIC OFFERINGS Barclays Banca  Akros SPONSOR Intermonte ————– ————————————————– ————————- * Minimum non-binding, binding maximum ** SOF Luxco and foundations have a lock up of 180 days, and SGBS Garbifin 365-day site www.reuters.it other news Reuters in Italian. The top news also on www.twitter.com/reuters_italia 

       
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