GO INTERNET S.P.A. Gubbio 1 February 2016 - GO internet S.p.A. states that the Board of Directors, which met on 29 January 2016, having acknowledged the financial market conditions, characterised by continuing uncertainty and high volatility, has decided not to start in January the extraordinary share capital increase and convertible bond issue approved by the Shareholders' Meeting of 9 December 2015 ("the Operation").
Therefore, despite the interest and appreciation expressed by leading investors, with reference to what was announced on 25 October 2015 on the timing of the Operation, the Board of Directors considers it appropriate to wait for greater market stability before deciding the start date of the capital increase and convertible bond offering, as well as their terms and conditions.
Franco Colaiacovo Gold S.r.l. reserves the right to reconsider its expression of interest in subscribing to the capital increase declared on 27 November last, when the final terms will be determined.
Furthermore, the Company, in addition to the press release of 9 December 2015, states that the Extraordinary Shareholder's Meeting - adhering to the proposal made by the Board of Directors with its report of 23 October 2015 (available on the Company website www.gointernet.it in the "Investor Relations/Shareholders' Meeting" section) - determined, inter alia, the following features for the above-mentioned convertible bond loan:
interest rate: gross annual fixed coupon of 6%;
conversion ratio: 1,000 GO internet ordinary shares for each bond presented for conversion;
nominal value of the bonds: determined on the basis of the formula PEX + PEX x 20% x RC, where PEX is the theoretical ex-rights price of the ordinary shares of the Company at the moment of the rights issue and RC is the conversion ratio;
bond term: 5 years from the date of issue.
Finally note that the minutes of the above-mentioned Extraordinary Shareholders' Meeting are available on the Company website www.gointernet.it in the "Investor Relations/Shareholders' Meeting" section.
* * *
GO internet S.p.A. is an Italian company operating in the Mobile Internet industry. Since 2011, GO has been offering families and businesses internet and telephone services using 4th generation wireless technology
(4G). The service is offered in the Marche and Emilia-Romagna regions where GO internet S.p.A. has an exclusive right of use of the frequencies for Broadband Wireless Access systems in the 3.5 Ghz band.
GO internet's ISIN code: IT0005038002. Ticker: "GO".
Chiara Migliarini Banca Popolare di Vicenza S.p.A.
Tel: +39 075 7829119 Tel: +39 051 4850990
Mobile: +39 348 6431609 Email: gointernet@popvi.it Email: c.migliarini@gointernet.it
GO internet S.p.A. issued this content on 01 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 08:34:08 UTC
Original Document: http://www.gointernet.it/public/File/GOinternet/InvestorRelations/ComunicatiStampa/2016/03.PressreleaseGOinternet_1stFebruary2016.pdf
