re Tender Offer
September 12 2008 - 2:01AM
UK Regulatory
RNS Number : 3000D
Burani Designer Holding N.V.
12 September 2008
BURANI DESIGNER HOLDING N.V.
UPDATE ON PARTIAL TENDER OFFER FOR UP TO 15% SHARES IN MARIELLA BURANI FASHION GROUP
Burani Designer Holding N.V. ("BDH") (AIM: BRDH), a company offering Italian lifestyle products and services to customers world-wide,
announces that its subsidiary Mariella Burani Family Holding S.p.A has received yesterday the approval of the publication of the Tender
Offer Document in relation to the partial tender offer for up to 4,486,154 shares in its subsidiary Mariella Burani Fashion Group S.p.A
("MBFG"), announced on 8 August 2008
PRESS RELEASE
Consob approved publication of the Tender Offer Document in relation to the voluntary partial tender offer on ordinary shares of
Mariella Burani Fashion Group S.p.A.
* Cash consideration per share: Euro 17.50;
* Acceptance period: from September 18 to October 22, 2008;
* Payment date: October 27, 2008
Pursuant to Article 102 of Legislative Decree n. 58 of February 24, 1998, as amended, Consob approved the Tender Offer Document for the
voluntary partial tender offer (the "Offer") on n. 4,486,154 of the outstanding ordinary shares of Mariella Burani Fashion Group S.p.A.(the
"Issuer"), equal to 15% of the Issuer's share capital.
The Tender Offer Document shall be made available to the public within Wednesday September 17, 2008 and on the same date shall be
published on the website www.mariellaburani.com.
Acceptance Period
Pursuant to Article 40 of the Consob Regulation on issuers n. 11971, implementing Legislative Decree. n. 58 of February 24, 1998, as
amended, the Acceptance Period of the Offer, as agreed with Borsa Italiana S.p.A., shall start on September 18, 2008 and shall terminate on
October 22, 2008, included, from 8:00 a.m. to 5:30 p.m.
Allotment
If the aggregate amount of shares tendered in the context of the Offer exceeds n. 4,486,154, the tendered shares shall be subject to
allotment pursuant to terms and conditions set forth in the Tender Offer Document.
Date and Payment of the Consideration
The cash Consideration, equal to Euro 17.50 per share, shall be paid to those investors who have tendered their shares in the Offer on
October 27, 2008 and, at the same time, the shares shall be transferred to the offeror.
Mariella Burani Fashion Group (MBFG) designs, produces and distributes world wide a diversified and complementary range of Luxury
apparel, footwear, leather accessory and jewellery collections under its own brands and under license for prestigious international
designers. MBFG founded in 1960 by Walter Burani, Chairman and CEO of the Group listed in the STAR segment of the Italian stock exchange
since July, 2000, is today an internationally recognised public company with an established position in the accessible luxury goods market.
The Group's dynamic revenue growth is attributable to internal development including product diversification, brand expansion, and new
geographic market penetration. The Group has also made strategic acquisitions to capitalise on the know-how and experience developed by
niche players in the Italian apparel, knitwear, textile and leather goods sectors.
MBFG manages to provide top quality luxury goods at accessible prices by capitalising on the strength and flexibility provided by
Italy's industrial districts, world renown for their excellence in the development of luxury products. The Group's aim is to become one of
the leading players in the accessible luxury market worldwide by further developing its product offering, its brand portfolio, and its
global distribution network.
Contacts
Carol Brumer Investor Relations and Strategic Development:, cbrumer@mariellaburani.com, tel. (+39) 02 76420111
Daniela Zari Corporate Communication:, dzari@mariellaburani.com, tel. (+39) 02 76015354
www.mariellaburani.com
BDH Enquiries:
Burani Designer Holding N.V. Tel: +39 027 642 0111 / +39 348 256 1971
Carol Brumer
(cbrumer@buranidh.com)
Citigate Dewe Rogerson Tel: +44 20 7638 9571
Sally Marshak
Lindsay Noton
www.buranidh.com
NOTES TO EDITORS
The BDH Group offers a complementary range of "Italian lifestyle" products and services to an international customer base. BDH is a
player in fashion apparel, leather goods and jewellery through its subsidiary Mariella Burani Fashion Group S.p.A. (MBFG), and in three
complementary business segments - beachwear & underwear, wellness spas & skincare and food design. BDH, listed on London's Alternative
Investment Market (AIM) in June 2007, focuses on growth through the acquisition and integration of quality "Italian lifestyle" businesses
and the creation of operating divisions able to benefit from scale and synergies of the BDH Group. The management believes that the in-depth
knowledge of luxury products, the value created by strategic shareholders, the skills of the BDH team management as well as the Group's
investment approach, represent a great opportunity of value creation for shareholders.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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