Exercise of the greenshoe option

This announcement is not an offer for sale of securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. OVS S.p.A. does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom or (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) (a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to, and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

OVS S.p.A.

Venice, April 1, 2015OVS S.p.A., Italy’s market leading value fashion retailer, announces that today the Joint Global Coordinators, Banca IMI S.p.A., BofA Merrill Lynch, Goldman Sachs International and UniCredit Corporate & Investment Banking partially exercised for No. 7,692,701 shares the greenshoe option, granted by Gruppo Coin S.p.A.

The purchase price for the Shares subject to the greenshoe option was set at Euro 4.10 per share – equal to the final offer price of the Initial Public Offering – for a total amount of Euro 31,540,074.1.

The settlement of the Shares related to the greenshoe option will take place on April 2, 2015.

As a result of the exercise of the greenshoe, No. 108,692,701 OVS’ ordinary Shares were sold in the Initial Public Offering, representing 47.88% of the Company’s corporate capital amounting to Euro 445,640,074.1.

Banca IMI S.p.A., Goldman Sachs International, BofA Merrill Lynch and UniCredit Corporate & Investment Banking acted as Global Coordinators; the Joint Bookrunners were Credit Suisse and HSBC.

Banca IMI S.p.A. acted also as Lead Manager of the Italian Public Offering and Sponsor of the offering.

OVS S.p.A.
The OVS Group is the market leading value fashion retailer in Italy. It creates, produces and sells clothing apparel for women, men and children under the brands OVS and UPIM, and has an extensive sales network across the country. The OVS brand, which represents more than 80% of the Group’s turnover, combines fashion, quality and Italian style, always at the most affordable prices. In the financial year ended 31 January 2014 the OVS Group achieved consolidated revenues of €1.136 billion.

For more information:

Federico Steiner
Barabino & Partners SpA
E-mail: f.steiner@barabino.it
Cell. +39 335.42.42.78

Last modified: 2017 - 03 - 27