#To See The Beauty Of Life
Press release from majority shareholder
Delfin launches sale of up to 33 million Luxottica ordinary shares through an accelerated book-built offering to institutional investors
Luxembourg, 5 September 2012 - Delfin S.à r.l. (“Delfin”), a company controlled by Leonardo Del Vecchio, founder and Chairman of the Board of Directors of Luxottica Group S.p.A. (“Luxottica”), has authorized the sale of approximately 33 million Luxottica ordinary shares (corresponding to approximately 7% of the outstanding ordinary shares) through an accelerated book-built offering to institutional investors.
Goldman Sachs International is acting as Sole Bookrunner for the placement and UniCredit Bank AG London Branch is acting as Co-Bookrunner. Book building will commence immediately. The right is reserved to close the books at any time. The sale price of the shares and the final size of the offering will be determined after the books have closed. In connection with this transaction, Mr. Del Vecchio stated: “Luxottica has consistently been ranked as a top-quality company. Since its founding in 1961, Luxottica, with its leadership in the eyewear industry, has demonstrated a clear vision of the market and an ability to transform ideas into best practices. “This sale of Luxottica ordinary shares is intended to enhance the trading liquidity of Luxottica’s listed shares in response to feedback from investors who have been following the success of Luxottica over the years.”
Mr. Del Vecchio added: “Delfin remains fully committed, as the majority shareholder, to ensuring Luxottica’s stability and long-term growth, which is its core DNA, and it is not contemplating any additional sale following the completion of this offering.” In the context of the placement and consistent with market practice for similar transactions, Delfin has agreed, subject to an exception to permit sales pursuant to existing option arrangements, to a 180-day lockup period with respect to sales of additional Luxottica shares. Disclosure regarding the results of the sale will be made following the closure of the placement.