BRDH Burani

    RNS Number : 4938G
  Burani Designer Holding N.V.
  22 October 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,
notifies that the following announcement has been made in connection with the partial tender offer for up to 4,486,154 shares in its
subsidiary Mariella Burani Fashion Group S.p.A., announced on 22 August 2008.

    Notice pursuant to article 114 of legislative decree no. 58 of 24 february 1998, as subsequently amended  and article 66 of consob
regulation no. 11971 of 14 may 1999, as subsequently amended
    PRELIMINARY RESULTS
    with registered office in via della Repubblica 82, Cavriago (RE)
    Tax code and registration number with companies register of Reggio Emilia 02097050351
    Registration number with the R.E.A. of Reggio Emilia 251042
    Share capital fully paid-in EUR 30,000,000

    Mariella Burani Family Holding S.p.A. ("MBFH" or the "Offeror") hereby announces the preliminary results of the voluntary partial public
tender offer (the "Offer") on 4,486,154 shares of Mariella Burani Fashion Group S.p.A. ("MBFG" or the "Issuer"), equal to 15% of the share
capital of MBFG, which was completed today. 
    The Offeror announces that the number of ordinary shares of the Issuer (the "Shares") tendered in the Offer exceeded the number of
Shares object of the Offer. Exactly 10,244,893 Shares were tendered in the Offer, representing 228.37% of the Shares object of the Offer and
34.26% of the share capital of the Issuer.
    Because the number of Shares tendered in the Offer exceeds the 4,486,154 Shares object of the Offer, the tendered Shares will be
accepted pro rata, by virtue of which the Offeror will purchase from each of the tendering shareholders the same proportion of the Shares
tendered. 
    The pro rata proportion, calculated as the ratio of the number of Shares object of the Offer to the number of Shares tendered (the "Pro
Rata Coefficient") is 43.7891%.
    Pursuant to such pro rata acceptance, as described in the offering document, the Offeror will accept, indistinctly from each tendering
shareholder, a number of Shares equal to the product of the Pro Rata Coefficient multiplied by the Shares tendered, disregarding fractions.
Any such excess fractions will be aggregated together and the resulting number of Shares will be distributed at the rate of one Share per
tendering shareholder to an equal number of the tendering shareholders who will be chosen randomly. The Shares that are not accepted as a
result of the pro rata acceptance will be made available to the tendering shareholders through the Intermediate Depositaries by the second
trading stock exchange day after the date of this notice, i.e., by 24 October 2008.
    The Offer is conditional on the non-occurrence, on or before the first stock exchange trading day following the end of the tender
period, of: (i) any national or international event that significantly alters the market conditions and has a materially adverse effect on
the Offer and/or on the MBFG Group and the MBFG Groups's financial and economic condition and prospects as described in the mid-year
financial report as at and for the six-months ended 30 June 2008, and (ii) any fact or event relating to the MBFG Group that had not been
made known to the public on the date of the offering document and is likely to have a material adverse effect on the MBFG Group's financial
and economic condition and prospects as described in the mid-year financial report as at and for the six-months ended 30 June 2008.
    By 7:59 a.m. on 24 October 2008, MBFH will announce whether the above conditions and the conditions to the Offer described in the
offering documents have been met, and whether it wishes to waive the required occurrence or non-occurrence of any condition. This
announcement will be made by way of notice to Consob, Borsa Italiana, and at least two press agencies, as well as by publication in the
notice announcing the results of the Offer in the newspaper "Milano Finanza" on 24 October 2008.
    If any of the above events, facts or conditions have occurred or not occurred, as the case may be, and the Offeror has not waived the
occurrence or non-occurrence of such condition to the Offer, then the Offer will not be valid and the Shares tendered in the Offer will be
returned to the respective owners, at no cost or expense to them, by the second stock exchange trading day after the date of the notice
relating to whether the conditions to the Offer have been met, i.e., by 28 October 2008.
    The payment date will be 27 October 2008.

    As set out in the offering document published in connection with the Offer, MBFH will announce the final results of the Offer and the
criteria for the pro rata acceptance no later than 7:59 a.m. on 24 October 2008.

    The Offeror also announces that following completion of the Offer MBFH will own 22,692,533 Shares of MBFG, representing 75.88% of the
share capital of the Issuer.

    The financial advisor to the Offeror and the Collection Co-ordinator is Centrobanca - Banca di Credito Finanziario e Mobiliare S.p.A.;
the tax advisor is Studio Fontanesi and the legal advisor is Legance Studio Legale Associato. The financial advisor to Burani Designer
Holding N.V. is Mediobanca - Banca di Credito Finanziario S.p.A and the legal advisor is Clifford Chance.

    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 or
 Carol Brumer (cbrumer@buranidh.com)          Tel: +39 348 256 197

 Shore Capital and Corporate Limited (NOMAD)  Tel: +44 (0) 20 7408 4090
 Christian Littlewood/Dru Danford

 Citigate Dewe Rogerson                       Tel: +44 (0) 20 7638 9571
 Sarah Gestetner
 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
 
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