Shares history 1998

With the powers vested in it by the General shareholders’ meeting of 10 January 1998, the Board of Directors voted to: increase the company’s share capital from ITL 1,763,575,000,000 to ITL 2,051,747,000,000 by issuing new shares with a nominal value of ITL 2,000 each. The increase was carried out as follows:

  1. issue of 141,086,000 new shares with a nominal value of ITL 2,000 each offered to the shareholders in the proportion of 4 new shares for every 25 held, at a price of ITL 28,000, including a share premium of ITL 26,000;
  2. issue of 3,000,000 new shares reserved for employees (without pre-emptive rights pursuant to paragraph 8, Article 2441 of the Italian Civil Code) at a price of ITL 28,000, including a premium of ITL 26,000.

Dividend rights on the new shares shall become effective as of 1 January 1997 and shall be issued with coupons No. 6 onwards.