Eni: the initial Conversion price of the € 400 million non-dilutive equity-linked bonds due 2022 has been determined
18 April 2016 - 6:06 PM CEST
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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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This communication is directed only at persons (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order‘) and qualified investors falling within Article 49(2)(a) to (d) of the Order, and (ii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.
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