BRIEF-Prysmian Announces Around 5.0% Sale Of YOFC Outstanding Equity Total Share Capital

Reuters09-01

Sept 1 (Reuters) - Prysmian SpA PRY.MI:

ANNOUNCES SALE OF 37,595,255 H SHARES OF YOFC, REPRESENTING AROUND 5.0% OF YOFC'S OUTSTANDING EQUITY TOTAL SHARE CAPITAL
GROSS CONSIDERATION TO DRAKA FROM PLACEMENT AMOUNTS TO AROUND HK$ 1.7 BILLION (AROUND EUR 186 MILLION)
SALE AT PRICE OF HK$ 45.25 PER SHARE
AFTER PLACEMENT UNIT DRAKA, WHICH HOLDS AROUND 10.0% OF COMPANY'S TOTAL SHARE CAPITAL, WILL REDUCE ITS STAKE TO AROUND 5.0% IN COMPANY'S TOTAL SHARE CAPITAL

Further company coverage: PRY.MI

(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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