BRDH Burani

    RNS Number : 6050G
  Burani Designer Holding N.V.
  24 October 2008
   



    24 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 41(5) of consob regulation no. 11971 of 14 may 1999
    NOTICE OF RESULTS OF THE PARTIAL TENDER OFFER 
    Mariella Burani Family Holding S.p.A. ("MBFH" or the "Offeror") hereby announces the final 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 ended on 22 October 2008. 
    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 10,224,893 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 percentage, 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, on the payment date 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 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 end of today.
    The aggregate value of the Shares tendered (calculated on the basis of an offer price of Euro 17.50 per Share) is Euro 78,507,695.
    The Offeror also announces that after completion of the Offer - considering the Issuer's 352,040 treasury Shares (representing 1.177% of
the Issuer's share capital); the 5,000 Shares held in usufruct by Walter Burani, controlling shareholder of MBFG (the "Controlling
Shareholder") (representing 0.017% of the Issuer's share capital); the 103,510 Shares owned by the Controlling Shareholder (representing
0.346% of the Issuer's share capital), and considering also the Shares held by MBFH on the date of the offering document (18,206,379 Shares,
representing 60.88% of the Issuer's share capital), and the 4,486,154 Shares purchased as a result of the Offer (representing 15% of the
Issuer's share capital), the Controlling Shareholder will hold, directly and indirectly, 77.42% of the Issuer's share capital, represented
by 23,154,535 Shares.
    The Offeror hereby confirms that during the tender period it has not purchased any Shares of the Issuer. 
    As of today's date, no (i) 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 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, and (ii) 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, has occurred; and therefore the Offer is to be deemed valid.
    The payment date will be 27 October 2008.

    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.VTel:              +39 027 642 0111 or
 Carol Brumer (cbrumer@buranidh.com)          Tel: +39 348 256 1971

 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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