{"id":4275,"date":"2022-12-23T11:34:23","date_gmt":"2022-12-23T10:34:23","guid":{"rendered":"https:\/\/redelfi.com\/?p=4275"},"modified":"2024-12-12T17:17:41","modified_gmt":"2024-12-12T16:17:41","slug":"redelfi-shareholders-meeting-approves-authorization-to-purchase-and-dispose-of-treasury-shares-and-appoints-auditor","status":"publish","type":"post","link":"https:\/\/redelfi.com\/en\/press-releases\/redelfi-shareholders-meeting-approves-authorization-to-purchase-and-dispose-of-treasury-shares-and-appoints-auditor\/","title":{"rendered":"Redelfi shareholders&#8217; meeting approves authorization to purchase and dispose of treasury shares and appoints auditor\u00a0\u00a0"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/redelfi.com\/wp-content\/uploads\/2024\/03\/DIFF-20256_120456_2022_oneinfo.pdf\" target=\"_blank\" rel=\"noopener\">Read the press release in PDF format here (in Italian)<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><span data-contrast=\"auto\">REDELFI SHAREHOLDERS&#8217; MEETING APPROVES AUTHORIZATION TO PURCHASE AND DISPOSE OF TREASURY SHARES AND APPOINTS AUDITOR<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><i><span data-contrast=\"auto\">Milan, December 23, 2022<\/span><\/i><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting of <\/span><b><span data-contrast=\"auto\">Redelfi S.p.A.<\/span><\/b><span data-contrast=\"auto\"> (the \u201c<\/span><b><span data-contrast=\"auto\">Company<\/span><\/b><span data-contrast=\"auto\">\u201d or \u201c<\/span><b><span data-contrast=\"auto\">Redelfi<\/span><\/b><span data-contrast=\"auto\">\u201d), a management company engaged in the digital and green transition, listed on the Euronext Growth Milan market, met in ordinary session today at the Company&#8217;s operational headquarters under the chairmanship of Dr. Davide Sommariva, to deliberate on the related agenda items.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Appointment of the statutory auditing firm<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting approved the consensual termination of the audit contract previously entered into with E.Y. S.p.A (by means of assignment resolved by the Shareholders&#8217; Meeting on April 4, 2022), as well as the simultaneous assignment, subject to the opinion of <\/span><span data-contrast=\"auto\">Redelfi\u2019s<\/span><span data-contrast=\"auto\">\u00a0Board of Statutory Auditors pursuant to Art. 6-bis of the Euronext Growth Milan Issuers&#8217; Regulations, of a new engagement for statutory audit for the three-year period 2022-2024 (and limited audit for the periods ended June 30, 2023 and June 30, 2024), pursuant to Article 13 of Legislative Decree No. 39 of January 27, 2010, to BDO Italia S.p.A, as proposed by the majority shareholder Marinetta S.r.l. (\u201c<\/span><b><span data-contrast=\"auto\">Marinetta<\/span><\/b><span data-contrast=\"auto\">\u201d), which has, in turn, completed the process of choosing its statutory auditor. The appointment of the statutory auditor to the same company, by both Marinetta and Redelfi, will, on the one hand, allow for greater effectiveness and efficiency in the performance of audit activities and, on the other hand, facilitate the assumption of responsibility &#8211; by the statutory auditor &#8211; over the entire Group, as, moreover, provided for by the relevant regulations in force. The Shareholders&#8217; Meeting also determined the total emolument to be paid to the new auditing firm for the three-year period of appointment.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u00a0Authorization to purchase and dispose of treasury shares pursuant to articles 2357 et seq. of the Civil Code<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting also authorized the purchase and disposal of treasury shares pursuant to Articles 2357 et seq. of the Civil Code for a period of 18 months from today&#8217;s resolution.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The purpose of the authorization to purchase and dispose is to enable the Company to acquire and dispose of ordinary shares, in compliance with current EU and national regulations and accepted market practices recognized by Consob and in particular:<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8211; set up a securities warehouse to dispose of, dispose of and\/or use treasury shares, consistent with the strategic lines that the Company intends to pursue, as part of incentive plans and\/or extraordinary transactions, including, but not limited to, exchange, contribution or at the service of capital transactions or other corporate and\/or financial transactions and\/or other transactions of an extraordinary nature to be carried out in the interest of the Company itself, pursuant to the Market Practices in force at the time identified by the Supervisory Authority;<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8211; proceed to purchase treasury shares from the beneficiaries of any incentive plans resolved by the competent corporate bodies, pursuant to Article 5(2)(c) of EU Regulation 596\/2014 of April 16, 2014 (the \u201cMAR\u201d);<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8211; support the liquidity of the shares themselves, so as to facilitate smooth trading and avoid price movements that are not in line with market trends, pursuant to the Market Practices in force for the time being identified by the Supervisory Authority.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting granted authorization for the purchase of treasury shares, on one or more occasions, up to a maximum number of shares not to exceed 5% of the pro tempore share capital, i.e., for a maximum countervalue of EUR 500,000.00. Purchases must be made within the limits of distributable profits and\/or available reserves resulting from the latest duly approved financial statements and, in addition, only fully paid shares may be purchased.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting also resolved that the purchase price of the treasury shares shall be identified on a case-by-case basis, having regard to the method chosen for carrying out the transaction and in compliance with any regulatory requirements or market practices allowed from time to time in force, but, in any case, it shall be neither lower nor higher by more than 10% with respect to the official stock market price of the shares recorded by Borsa Italiana S.p.A. in the session preceding each individual transaction.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">It should be noted that as of today, neither the Company nor its subsidiaries hold treasury shares in their portfolios. In addition, the purchase of treasury shares subject to today&#8217;s authorization is not instrumental to the reduction of share capital through cancellation of the treasury shares purchased.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Approval of the appointment of Eng. Elisabetta Migone as Independent Director.<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Shareholders&#8217; Meeting, noting the resignation of Dr. Paolo Siniscalco, confirmed the appointment of Eng. Elisabetta Migone as a new Independent Director of the Company, who had already been co-opted pursuant to Article 2386 of the Civil Code by the Board of Directors last December 5, 2022. Eng. Migone will hold office until the approval of the Company&#8217;s financial statements for the year ending December 31, 2024.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Eng. Migone&#8217;s appointment has been positively evaluated in advance by the Company&#8217;s Euronext Growth Advisor pursuant to Article 6-bis of the Euronext Growth Milan Issuers&#8217; Regulations, and the independence requirements pursuant to Article 148, paragraph 3 of the TUF, as referred to in Article 147-ter, paragraph 4 of the TUF, have been verified by the Company&#8217;s Board of Directors.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Filing of Documents<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The Minutes of the Shareholders&#8217; Meeting and the Summary Voting Report will be made available to the public on the Company&#8217;s website <\/span><a href=\"https:\/\/www.redelfi.com\/\"><span data-contrast=\"none\">www.redelfi.com<\/span><\/a><span data-contrast=\"auto\">, Investor Relations &gt; Shareholders&#8217; Meeting section, as well as on the website <\/span><a href=\"https:\/\/www.borsaitaliana.it\/\"><span data-contrast=\"none\">www.borsaitaliana.it<\/span><\/a><span data-contrast=\"auto\">, Shares &gt; Documents section, within the terms and in the manner required by current regulations.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">This press release is available on the website <\/span><a href=\"https:\/\/www.redelfi.com\/\"><span data-contrast=\"none\">www.redelfi.com<\/span><\/a><span data-contrast=\"auto\">, Investor Relations section &gt; Press Releases and at <\/span><a href=\"https:\/\/www.1info.it\/\"><span data-contrast=\"none\">www.1info.it<\/span><\/a><span data-contrast=\"auto\">. <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p style=\"text-align: center;\"><span data-contrast=\"none\">***<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"none\">Redelfi<\/span><\/b><span data-contrast=\"none\"> is the parent company of the Redelfi Group active in the digital and green transition through three Business Units operating in the Green, MarTech and GreenTech sectors. Each Business Unit adopts a highly innovative approach in defining products, services, and processes with a strong focus on compliance with ESG principles in business management. In the 2021 fiscal year, the Group achieved a Production Value of EUR 1.2 million and a Net Income of EUR 3.5 million, the latter as a result of extraordinary transactions. Its Net Financial Position was cash positive by EUR 0.1 million and Shareholders&#8217; Equity is EUR 5.6 million. In 2021, the Group made investments of approximately EUR 4.5 million.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Contacts:<\/span><br \/>\n<span data-contrast=\"none\">ISSUER<\/span><br \/>\n<b><span data-contrast=\"none\">Redelfi<\/span><\/b><span data-contrast=\"none\"> | Investor Relations Manager | Erika Padoan | <\/span><a href=\"mailto:investor-relations@redelfi.com\"><span data-contrast=\"none\">investor-relations@redelfi.com<\/span><\/a><span data-contrast=\"none\"> | T: +39 320 7954739 | via A. Scarsellini, 119 Torre B &#8220;I Gemelli&#8221; 11 piano, 16149 Genova<\/span><br \/>\n<b><span data-contrast=\"none\">Redelfi<\/span><\/b><span data-contrast=\"none\"> | Media Relations | Carolina Beretta | <\/span><a href=\"mailto:carolina.beretta@redelfi.com\"><span data-contrast=\"none\">carolina.beretta@redelfi.com<\/span><\/a><span data-contrast=\"none\"> | via A. Scarsellini, 119 Torre B &#8220;I Gemelli&#8221; 11 piano, 16149 Genova<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">INVESTOR &amp; FINANCIAL MEDIA RELATIONS<\/span><br \/>\n<b><span data-contrast=\"none\">IR Top Consulting<\/span><\/b><span data-contrast=\"none\"> | Investor Relations | <\/span><a href=\"mailto:ir@irtop.com\"><span data-contrast=\"none\">ir@irtop.com<\/span><\/a><span data-contrast=\"none\"> | T: + 39 02 4547 3884\/3 | Via Bigli, 19 &#8211; 20121 Milano<\/span><br \/>\n<b><span data-contrast=\"none\">IR Top Consulting<\/span><\/b><span data-contrast=\"none\"> | Media Relations | <\/span><a href=\"mailto:d.gentile@irtop.com\"><span data-contrast=\"none\">d.gentile@irtop.com<\/span><\/a><span data-contrast=\"none\"> | T: + 39 02 4547 3884\/3 | Via Bigli, 19 &#8211; 20121 Milano<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">EURONEXT GROWTH ADVISOR &amp; SPECIALIST<\/span><br \/>\n<b><span data-contrast=\"none\">Integrae SIM<\/span><\/b><span data-contrast=\"none\"> | <\/span><a href=\"mailto:info@integraesim.it\"><span data-contrast=\"none\">info@integraesim.it<\/span><\/a><span data-contrast=\"none\"> | T: +39 02 96846864 | Piazza Castello, 24 \u2013 20121 Milano<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read the press release in PDF format here (in Italian) &nbsp; REDELFI SHAREHOLDERS&#8217; MEETING APPROVES AUTHORIZATION TO PURCHASE AND DISPOSE OF TREASURY SHARES AND APPOINTS AUDITOR\u00a0 Milan, December 23, 2022\u00a0&#8230;<\/p>\n","protected":false},"author":2,"featured_media":745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - 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