Eni announce redemption of the €1,250,000,000 0.625 per cent. bonds exchangeable into Snam shares due January 18, 2016

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 today, 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.
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.
Source: Eni
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