20 June 2007
The London Stock Exchange is delighted to welcome BDH to AIM.
BDH offers Italian lifestyle products and services to customers world-wide, and operates in fashion apparel, leather goods and fashion jewellery through its majority owned Italian listed subsidiary Mariella Burani Fashion Group S.p.A. (“MBFG”) and in two complementary business segments - beachwear & underwear and cosmetics & skincare. BDH intends to extend this business model to a select range of distinct, yet complementary, segments within the accessible luxury goods market, including interior design and wellness & spas.
BDH has placed 13,911,102 new shares and 3,477,775 shares on behalf of existing shareholders at a price of €7.47 per share. The proceeds of the new shares will be used to fund BDH’s strategic expansion programme.
With 75,603,816 ordinary shares in issue at admission, BDH has a market capitalisation of approximately €565 million at the offer price.
Giovanni Burani, Executive Chairman of the BDH Group, commented:
"BDH’s objective is to become a leading provider of Italian lifestyle accessible luxury products world-wide. We have proven the success of our acquisition and aggregation model within MBFG and are now pleased, with BDH, to extend into a complementary range of Italian lifestyle products; synonymous for quality and product excellence. We expect our IPO on AIM will enable international investors to more readily participate in the growing global appeal of Italian lifestyle and accessible luxury goods."
Lehman Brothers and Credit Suisse acted as Joint Global Coordinators and Joint Bookrunners for the offer. Lehman Brothers is acting as nominated adviser to BDH.