Statement

Venice – In the context of the “Guidance for shareholders on the dimension and composition of the Board of Directors” which will be published in the coming days, the Company announces that, as the reference regulatory framework for the renewal of the Board of Directors is not yet complete and the expected timing is not currently compatible with the authorization and approval process required to amend the Company’s bylaws, the Board of Directors has decided not to proceed with the presentation of a slate for the renewal of the Board of Directors, by the outgoing Board.

In this context, the Board of Directors has defined the requirements and competences required for the best composition of the future management body, which will serve as a reference for the formation and evaluation of the shareholder lists.
The Board of Directors also indicates that the majority of the directors in office (including the Chairman and the Group CEO) have expressed their availability to consider a possible candidacy.