Italy’s Immobiliare Grande Distribuzione (IGD) has announced a share capital increase of up to €200m by 31 March 2015 through the issue of ordinary shares.
The real estate firm said that the option rights will be exercisable between 29 September and 17 October 2014 and they will be tradable on the stock exchange between 29 September to 10
Any rights not exercised during the offering period will be offered on the stock exchange, within the next month after the expiry of the rights offering period, for at least five trading days, unless they have already been fully sold, the company also said.
The ordinary shares issue is subject to Italy regulatory body Consob’s approval.
IGD’s board of directors is due to meet soon to finalise details.