Exor NV

EXOR N.V. (MTA: EXO) announced today the following Corporate Calendar for 2020:

S&P Global Ratings (S&P) communicated today that it has affirmed Exor’s long-term and short-term ratings (“BBB+” and “A-2” respectively) and it has improved the outlook to “positive” from “stable”.
 

AGREEMENT SIGNED FOR THE SALE TO EXOR OF CIR’S 43.78% SHAREHOLDING IN GEDI, FOR €0.46 PER SHARE, REPRESENTING A TOTAL CONSIDERATION OF €102.4 MILLION

AFTER CLOSING, EXOR WILL LAUNCH A PUBLIC TENDER OFFER AT A PRICE OF €0.46 PER SHARE VIA A NEWCO

CIR INTENDS TO REINVEST IN THE NEW COMPANY IN ORDER TO RETAIN A 5% SHAREHOLDING IN GEDI

EXOR N.V. (MTA: EXO) will hold its 2019 Investor Day event tomorrow 21 November 2019 in Turin, Italy. The event will be hosted by Exor’s Chairman and CEO John Elkann, together with the Company’s leadership team. Attendance in person is by invitation only.

A live video webcast of the event will begin tomorrow at 3:00pm CET/ 2:00pm GMT / 9:00am EST. To access the webcast please refer to: livestream.com/ExorWebcast2019. Registration will be required.

EXOR N.V. announces today the settlement of the previously announced €300 million notes offering, priced on 7 October 2019 with a fixed annual coupon of 1.75% and due 14 October 2034.

The notes have been listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market with a BBB+ credit rating assigned by Standard & Poor’s.

EXOR announces today the pricing of €300 million notes due 14 October 2034, with an issue price of 99.725% and a fixed annual coupon of 1.75%. The notes will be listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market with a BBB+ rating by Standard & Poor’s. The settlement of the issuance will take place on 14 October 2019. The purpose of the issuance is to raise new funds for EXOR’s general corporate purposes.