Immobiliare Grande Distribuzione sells 76% of offered shares
Italian real estate company IGD has completed the sale of more than 23,000 ordinary shares for a total of more than €13m.
Between 20 and 31 May 2013, almost 18,000 newly issued ordinary shares of IGD were subscribed, 76% of the total shares offered.
The public offer to subscribe to more than 23,000 newly issued ordinary shares of IGD was reserved to recipients of the dividend for 2012, according to a resolution approved during a shareholders’ meeting held last month.
At present, IGD’s new share capital amounts to €336m.
Claudio Albertini, IGD’s Chief Executive Officer commented: “For the second year in a row, the transaction received a positive feedback from our shareholders, who have supported us in a particularly delicate phase of the stock market.
“Such response encourages us to implement our business plan with the same commitment we have always demonstrated,” he concluded.