FEDRIGONI S.P.A.

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CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE
FEDRIGONI S.P.A.
Verona, 23 October 2014. Fedrigoni S.p.A. (“Fedrigoni”) and San Colombano S.p.A., acting in agreement with BNP
Paribas and Unicredit Corporate & Investment Banking as Joint Global Coordinators, have taken the decision to
withdraw the Global Offer for Sale and Subscription of the ordinary shares of Fedrigoni S.p.A..
This decision reflects the additional and increasingly marked deterioration of the conditions on the financial markets
during the offer period.
On the strength of its competitive positioning and its equity and financial solidity, Fedrigoni confirms its growth and
development plans and the listing on the financial market that still remains a strategic objective, also as a result of the
significant appreciation and interest displayed by Italian and international investors towards the Company.
***
Not for release, publication or distribution in the United States, Australia, Canada or Japan
The Fedrigoni Group, with 125 years of history behind it, is a leading international operator in the production and sale of various types of
paper and in particular high value added paper, security products (such as paper for bank notes and security documents) and self-adhesive
items (“converting”) and is the leader in Italy and Europe by total turnover 1 in the production and sale of special graphic papers.
In addition, the Group is the sole Italian producer of paper for banknotes accredited by the European Central Bank for producing the
watermarked paper of the Euro banknotes and produces security items and security paper for central banks and printing institutes.
The Fedrigoni Group stands out for its positioning in top value added market niches thanks to its superior and constant quality of the
product, its breadth and customization of the product range and its level of customer service.
Its history, its strong identity and the recognizability of its brands, combined with the excellence and innovativeness of its product range, the
efficiency and effectiveness of its distribution network and its flexible and highly synergetic manufacturing and business processes, enable
Fedrigoni to enjoy a position of significant importance in a domestic and international context.
The Group’s extensive and efficient commercial and distribution network constitutes another competitive advantage. Its 8 sales branches in
Italy, together with its 8 companies in 6 European countries and in the Republic of China (Hong Kong) 2, enable it to maintain direct contact
with its clients already from the product development stage, and to cover its reference markets directly, thereby ensuring efficient control
and focus on its profitability.
The Group is the owner, amongst other things, of the Fedrigoni and Fabriano brands. Fabriano paper, with 750 years of history to its name, is
part of Italy’s cultural heritage and is chosen every year by millions of students and artists in Italy and throughout the world. The Fedrigoni
Group produces and markets fine stationery products, which are sold in 11 owned monobrand boutiques (Fabriano Boutiques) and 4
franchised stores in Italy and China.
With over 2,000 employees, 12 facilities - of which 9 in Italy, 2 in Spain and 1 in Brazil - 11 continuous paper-making production plants, 7
coating machine plants and 13,000 product references in its catalogue, the Group sells its products in over 110 countries throughout the
world.
In 2013 the Group posted turnover, of which around two-thirds earned on non-Italian markets, of Euro 808.9 million euros (+3% YoY),
EBITDA of Euro 87.3 million (+4.2% YoY), EBIT of Euro 55.7 million (+6.8% YoY) and net income of Euro 30.9 million (+7.1% YoY). In the
first half of 2014 the Group posted turnover of Euro 440.8 million (+8.9%), EBITDA of Euro 57.9 million (+38.2%), EBIT of Euro 47.9 million
(78.3%) and net income of Euro 29.9 million (+114.2%).
www.fedrigoni.com
Press contacts
Weber Shandwick | Advisory
Giorgio Catalano
Tel: +39 02 0064111
Mobile: +39 334 6969275
[email protected]
Enrica Borrelli
Tel: +39 02 0064111
Mobile: +39 342 7402510
[email protected]
1 Based on the financial statements of companies operating in the same sector
2
The figures refer to the “Paper” business
Not for release, publication or distribution in the United States, Australia, Canada or Japan
These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do
not constitute an offer of securities for sale or a solicitation of an offer to purchase securities (the “Shares”) of Fedrigoni S.p.A. (the
“Company”) in the United States, Italy or any other jurisdiction. The Shares of the Company may not be offered or sold in the United
States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities
Act”). The Shares of the Company have not been, and will not be, registered under the Securities Act. Any sale in the United States
of the securities mentioned in this communication will be made solely to “qualified institutional buyers” as defined in, and in
reliance on, Rule 144A under the Securities Act.
Questi materiali non possono essere pubblicati, distribuiti o trasmessi negli Stati Uniti, Canada, Australia o Giappone. Questi
materiali non costituiscono un’offerta di vendita di titoli o la sollecitazione di un’offerta di acquisto di titoli (le “Azioni”) di Fedrigoni
S.p.A. (la “Società”) negli Stati Uniti, in Italia o in qualsiasi altra giurisdizione. Le Azioni della Società non possono essere offerte o
vendute negli Stati Uniti senza registrazione o una esenzione dall’obbligo di registrazione ai sensi dello U.S. Securities Act del 1933,
come modificato (il “Securities Act”). Le Azioni della Società non sono state e non saranno registrate ai sensi del Securities Act.
Qualsiasi vendita negli Stati Uniti dei titoli menzionati nella presente comunicazione sarà effettuata esclusivamente ad “acquirenti
istituzionali qualificati” come definiti nel, e in base all’articolo 144A del Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment
professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to as “Relevant Persons”). This document is directed only
at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment
activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
Nel Regno Unito, il presente documento è distribuito e diretto solo a soggetti che (i) sono investitori professionisti che rientrano
nella definizione dell’articolo 19(5) del Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (e successive
modifiche) (“Order”) o (ii) rientrano nella definizione dell’articolo 49(2) (a)-(d) dell’Order (società con elevato patrimonio netto,
associazioni prive di personalità giuridica, ecc) (tutti questi soggetti sono definiti come “Soggetti Rilevanti”). Questo documento è
diretto solo a Soggetti Rilevanti e non deve essere seguito o utilizzato da persone che non sono Soggetti Rilevanti. Qualsiasi
investimento o attività di investimento a cui si riferisce questo documento è disponibile solo per Soggetti Rilevanti e sarà impiegato
solo con Soggetti Rilevanti.
Not for release, publication or distribution in the United States, Australia, Canada or Japan