Corporacion America Italia S.p.A.

CORPORACION AMERICA ITALIA PURCHASES ADDITIONAL 6.58% STAKE IN TOSCANA AEROPORTI

Public disclosure of inside information according to article 17 MAR

Milano (pta023/25.06.2018/13:15) - Milan, 25 June 2018 - Corporacion America Italia S.p.A. ("CAI") entered into a share purchase agreement with Fondazione Cassa di Risparmio di Firenze (the "Agreement") to purchase an additional stake in Toscana Aeroporti S.p.A ("Toscana Aeroporti"). Pursuant to the Agreement, on the date hereof, CAI acquired additional 1,225,275 shares of Toscana Aeroporti (the "Acquisition"), representing approximately 6.58% of Toscana Aeroporti's share capital.
As a result of the Acquisition, CAI now holds 11,592,159 shares of Toscana Aeroporti, representing approximately 62.28% of Toscana Aeroporti's share capital (up from approximately 55.70% prior to the Acquisition).
Pursuant to the Agreement, CAI agreed to pay Fondazione Cassa di Risparmio di Firenze (i) a purchase price of Eur16.50 per share, equal to a total consideration of Eur20.2 million and (ii) an earn-out consideration up to Eur3.4 million in aggregate, should certain conditions be met over a two-year period starting from the completion of the Acquisition.
Toscana Aeroporti is the company that holds the concessions of the airports of Pisa and Florence and whose shares are listed on the regulated market MTA of Borsa Italiana S.p.A.
Contact information
Ing. Roberto Naldi
Chairman of the Board of Directors
[e-mail]
[phone]
Important note: This press release does not, and shall not, in any circumstances constitute a public offering by Corporacion America Italia S.p.A. of the Notes nor an invitation to the public in connection with any offer. No communication and no information in respect of the issuance of the Notes may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The offering or purchase of the Notes may be subject to specific legal or regulatory restrictions in certain jurisdictions. Corporacion America Italia S.p.A. takes no responsibility for any violation of any such restrictions by any person.
This press release is not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of 4 November, 2003 (the "Prospectus Directive"), as amended and supplemented from time to time, including by Directive 2010/73/EU and any relevant implementing measures in any member State of the European Economic Area (the "Member States").