LONDON (Thomson Financial) - Burani Designer Holding NV (BDH) said Credit Suisse Securities (Europe) Ltd has exercised the over-allotment option related to 2.26 mln shares granted by certain of its shareholders in connection with its initial public offering.
The company, which offers Italian lifestyle products, said it will not receive any of the proceeds from the sale, and the gross proceeds will be paid to the selling shareholders.
Following the exercise of the over-allotment option, it said the total number of shares issued or sold related to the offer will be 19.65 mln shares, or about 26 pct of shares in issue of the company.
The BDH Group operates in the fashion apparel, leather goods and fashion jewellery businesses through its 52.8 pct owned unit Mariella Burani Fashion Group SpA. TFN.newsdesk@thomson.com bsu/gp COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
The company, which offers Italian lifestyle products, said it will not receive any of the proceeds from the sale, and the gross proceeds will be paid to the selling shareholders.
Following the exercise of the over-allotment option, it said the total number of shares issued or sold related to the offer will be 19.65 mln shares, or about 26 pct of shares in issue of the company.
The BDH Group operates in the fashion apparel, leather goods and fashion jewellery businesses through its 52.8 pct owned unit Mariella Burani Fashion Group SpA. TFN.newsdesk@thomson.com bsu/gp COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
© 2007 AFX News
