Prysmian: Request for Authorisation for Listing on the Borsa Italiana Milan 19.01.2007

categories: Financial Press Release 

19/01/2007 - 12:00 AM

  • Shareholders have approved the listing plan
  • Today the company filed its application for listing with Consob and Borsa Italiana

  • Milan, January 19, 2007 - Prysmian S.p.A., the parent company of a group that is one of the world's leaders in the energy and telecom cables industry, has today filed - following the approval of a Shareholders' Meeting - a formal request with Consob and Borsa Italiana for authorisation to list its shares on the Mercato Telematico Azionario (Electronic Share Market – MTA) organised and managed by Borsa Italiana S.p.A.

    Goldman Sachs, JPMorgan and Mediobanca are Joint Global Coordinators. Mediobanca is acting as Sponsor and Lead Manager in Italy.

    Labruna Mazziotti Segni and Shearman & Sterling are the Company's legal advisors, d'Urso Munari Gatti and Cleary Gottlieb Steen & Hamilton are the Joint Global Coordinators' legal advisors. PricewaterhouseCoopers have been appointed as external auditors.

    Prysmian S.p.A. is the parent company of the group that acquired the shareholdings and business of the Cables & Systems Division of Pirelli & C. S.p.A. in 2005. The group is one of the world's leaders in the energy and telecommunication cables industry with a strong market position in higher added value market segments.

    Organised in two business units - Energy Cables & Systems (submarine and terrestrial cables for electricity transmission and distribution) and Telecom Cables & Systems (optical fibres and cables for video, data and voice transmission and copper telecom cables), the Prysmian Group has a global presence with 54 plants and more than 12,000 employees located in 20 countries.

    Specialising in the development of products and systems designed on the basis of the client's specific requirements, Prysmian's main competitive strengths include its focus on research and development, ability to innovate its products and production processes, and the use of its own advanced proprietary technologies.

    This announcement is not an offer for sale of securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Prysmian S.p.A does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Prysmian S.p.A or the selling shareholder and that will contain detailed information about the company and management, as well as financial statements. Copies of this announcement are not being made and may not be distributed or sent into the United States, Canada, Australia or Japan.