BRDH Burani

 

TIDMBRDH 
 
RNS Number : 8753O 
Burani Designer Holding N.V. 
16 March 2009 
 

BURANI DESIGNER HOLDING N.V. ("Burani") 
 
 
BOARDS REVIEW THE PROSPECT OF MERGER BETWEEN MARIELLA BURANI FASHION GROUP AND 
ANTICHI PELLETTIERI 
 
 
Burani Designer Holding N.V. (AIM: BRDH), a company offering Italian lifestyle 
products and services to customers world-wide, announces that the Board of 
Directors of Mariella Burani Fashion Group SpA ("MBFG") and Antichi Pellettieri 
SpA ("AP") met yesterday and agreed to review a potential merger of the two 
companies. 
 
 
Burani currently holds a 70.2% indirect stake in MBFG through the 92.5% 
subsidiary Mariella Burani Family Holding S.p.A (MBFH) and a further 1.9% stake 
through other interests. 
 
 
The Boards of MBFG and AP expect to be in a position to announce the details of 
the merger by the end of March 2009.  Accordingly, they have agreed to postpone 
the approval of the respective company's individual and consolidated financial 
statements until then. 
 
 
The merger is aimed at simplifying the structure of the Group by shortening its 
chain of control thereby providing significant benefits including: 
 
 
  *  a reinforced capital structure; 
  *  the reduction of third party minorities; 
  *  a streamlined decision making process to more quickly adapt the Group's 
  industrial structure to  respond to changes in  international markets; 
  *  increased efficiencies through the concentration of strategic, financial, and 
  management and administrative activities; and 
  *  improved treasury management, with more efficient allocation of capital within 
  the Group. 
 
For purposes of ascertaining the transparency and fairness of the transaction, 
the Boards of Directors of MBFG and AP, in compliance with their corporate 
governance rules, will appoint financial advisors to assist the companies in the 
evaluation and the financial implications of the transaction, including the 
issuance of a fairness opinion on the exchange ratio in the proposed merger 
between MBFG and AP. 
 
 
Enquiries: 
 
 
Burani Designer Holding N.V.    Tel:+39 02 7642 0111 
Carol Brumer, IR 
 
 
Shore Capital (NOMAD)    Tel:+44 20 7408 4090 
Christian Littlewood 
 
 
 
 
JOINT PRESS RELEASE 
 
 
Cavriago, March 14, 2009 
 
 
BOARDS REVIEW THE PROSPECT OF MERGER BETWEEN MARIELLA BURANI FASHION GROUP AND 
ANTICHI PELLETTIERI 
 
 
The Board of Directors of Mariella Burani Fashion Group SpA and Antichi 
Pellettieri SpA met yesterday and agreed to review a proposed merger of the 
companies. 
As a result of preliminary analysis, the Boards expect to be in a position to 
approve a merger by the end of March 2009. Accordingly, they have agreed to 
postpone the approval of the respective company's individual and consolidated 
financial statements at that time. 
 
 
The merger under study is aimed at simplifying the structure of the Group by 
shortening its chain of control thereby providing significant 
benefits including: 
 
 
  *  a reinforced capital structure; 
  *  the reduction of third party minorities; 
  *  streamlined decision making process to more quickly adapt the Group's industrial 
  structure to respond to changes in international markets; 
  *  increased efficiencies through the concentration of strategic, financial, and 
  management and administrative activities providing for reduced costs; and 
  *  optimized treasury management, with more efficient allocation of capital within 
  the Group. 
 
 
 
For purposes of ascertaining the transparency and fairness of the transaction, 
the Boards of Directors of MBFG and AP, in compliance with their corporate 
governance rules, will respectively appointed financial advisors to assist the 
companies in the evaluation and the financial implications of the transaction, 
including the issuance of a fairness opinion of the exchange ratio in the 
proposed merger between MBFG and AP. Shareholders of both companies in the 
proposed merger are not expected to be entitled to withdrawal rights. 
 
 
Walter Burani, Chariman of the Board of Directors and Managing Director of MBFG 
declares: "The simplification of the Group structure is expected to create value 
for all shareholders and increase industrial, operating and financial 
efficiencies." 
 
 
Contacts: 
 
 
Investor Relations & Strategic Development: 
Carol Brumer, tel. (+39) 02 76420111 e-mail: cbrumer@mariellaburani.com 
 
 
Director Corporate Communication: 
Daniela Zari, tel. (+39) 02 76015354 e-mail: dzari@mariellaburani.com 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCGUUACWUPBGGA 
 

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