Fila Holding S.p.A. (NYSE:FLH) today announced that its extraordinary meeting of shareholders approved the share capital increase and set the record date and subscription period for its previously announced rights offering. The rights offering will be made to holders of Fila ADSs on the basis of six new ADS rights far every five ADSs held at 5:00 p.m. (New York time) on July 5, 2001. As previously announced, one right will entitle the holder to purchase one ADS at a subscription price of 4.40 euro per ADS, payable in U.S. dollars. The Bank of New York will act as ADS rights agent. The subscription rights will expire at 5:00 p.m. on July 27, 2001.
A registration statement relating to the new Fila ADSs has been filed with the Securities and Exchange Commission and has become effective. This press release shall not constitute an offer to sell or the solicitation off an offer to buy nor shall there be any sale off the new Fila ADSs in any state in which such offer, solicitation or sale word be unlawful prior to registration or qualification under the securities law of any such state.