Red & Black S.r.l. (“R&B”), a company indirectly controlled by Permira Funds, announces that Consob has released the authorization provision for the publication of the document concerning the residual public tender offer (the “Residual Tender Offer”) related to 2,131,108 Valentino Fashion Group S.p.A. (“VFG”) shares, those not already owned by the R&B or by any company controlled by any entity controlling R&B itself or by any other party to the shareholders' agreement signed on 28 June 2007 and published according to the law.
The Residual Tender Offer follows the voluntary public tender offer (the “Voluntary Tender Offer”) launched by the R&B parent company, Red & Black Lux S.à r.l, and completed on 14 September 2007, date on which the offer price has been paid.
The Residual Tender Offer will be launched at 35.00 for each share as determined by Consob with provision nr. 16174 of 18 October 2007.
The price is equal to the offer price of the Voluntary Public Tender Offer. The offer period will start on 23 October 2007 and will end on 14 November 2007.
Valentino Fashion Group S.p.A.
marketing@alchempro.com
