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San Donato Milanese (Milan), 18 April 2016 - As announced to the market on 6 April 2016, Eni S.p.A. ("Eni") has placed €400 million non-dilutive equity-linked bonds due 2022 (the "Bonds") providing for "conversion" rights at certain times and/or in presence of certain events, provided that the Bonds will be cash-settled (the "Conversion").
The initial Conversion price for the Bonds has been set at €17.6222, representing a 35% premium above the share reference price of €13.0535 determined as the arithmetic average of the daily volume-weighted average prices of an ordinary share of Eni on the Milan Stock Exchange over a period of seven consecutive scheduled trading days, starting on 7 April 2016.
The initial Conversion ratio per €100,000 principal amount of the Bonds is 5,674.6604 shares.
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It may be unlawful to distribute this announcement in certain jurisdictions. These written materials are not for distribution in the United States, Canada, Australia or Japan. The information contained herein does not constitute an offer of securities for sale in the United States, Canada, Australia or Japan. This announcement does not constitute or form part of an offer to sell or the solicitation of an offer to buy the securities discussed herein. The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to or for the account or benefit of US persons absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offer of the securities mentioned herein in the United States.
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