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Caspian Energy Journal Caspian European Club
Wednesday, 20 January 2016 16:00

Remaining bonds redeemed

Eni announces that, in accordance with the terms and conditions of the €1,250,000,000 0.625% bonds exchangeable into ordinary shares of Snam S.p.A. (“Snam‘), issued in January 2013 and expired on January 18 2016, 287,890,983 Snam ordinary shares – equal to approximately 8.22% of the share capital of Snam - have been delivered to bondholders, following the bondholders’ exercise of their exchange right in relation to Bonds corresponding to an aggregate principal amount of €1,246,600,000, Caspian Energy News (www.caspianenergy.net) reports with reference to Eni.

The remaining Bonds, corresponding to an aggregate principal amount of € 3,400,000 for which the exchange right was not exercised, have been redeemed at maturity.

For the sake of completeness, Eni informs that, as of today, it holds 792,619 Snam ordinary shares, equal to approximately 0.02% of the share capital.

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