Convertible bonds
Update 12/01/2011
VITTORIA ASSICURAZIONI S.P.A. FIXED / FLOATER 2001 / 2016 SUBORDINATED
CONVERTIBILE IN ORDINARY SHARES
Vittoria Assicurazioni S.p.A., on 1 January 2011, has remboursed at par value the 60,538 bonds for which conversion has not been requested.
Main Features:
| Status: | subordinated convertible bond |
| N. of bonds issued: | 3.750.000 (The bonds were offered to share holders with a ratio of one bond every eight shares). |
| Nominal value of each bond: | Euro 4.80 |
| Total nominal value: | Euro 18.000.000 |
| Issue date: | 12 November 2001 |
| Maturity: | 01 January 2011 |
| Conversion period: | – from 2006 to 2010 (included) :from May 20th to October 30th of each year – from 2011 to maturity: from May 20th to June 10th of each year |
| Conversion: | as consequence of the bonus capital increase resolved by the Shareholders Meeting on 27 June 2008, effective 17 November 2008 the conversion ratio was adjusted, increasing to 2 the number of shares assigned to each bond converted |
| Interest payments: | – 5.5% fixed coupon up to 2010 (annual payment at the end of each year on January 1st) – floating coupon (Eurobor +2.50% annual rate) from 2011 to 2015. Six-monthly payment at the end of each period 01/07 – 01/01) |
| Call option: | – after 18 month in case of change in fiscal laws or regulations – from January 1st 2011 |
| Listing: | Italian Stock Exchange |