Fondiaria-Sai S.p.A.: calling of Extraordinary Shareholders' Meeting
Tuesday, December 21, 2010
Sai Agricola, a subsidiary of Fondiaria-Sai, reaches agreement for the sale of the “Cascina Veneria” Agricultural Holding for euro 40 million, resulting in a gain after taxes of approx. euro 31 million
- Fondiaria-Sai S.p.A. has called an Extraordinary Shareholders' Meeting for January 25, 2011 in first call and, if applicable, for January 26, 2011 in second call to vote upon the conferment to the Board of directors, in accordance with article 2443 of the Civil Code, of the faculty to increase the share capital for a total maximum amount, including any share premium, of euro 460,000,000.00;
- SaiAgricola (a subsidiary of Fondiaria-Sai, held 92% directly with the remaining part held indirectly) signed a binding agreement for the sale of the entire holding, comprising 100% of the share capital, held in Agrisai S.r.l., the owner of “Veneria” Agricultual Holding in Lignana (vc). the sale price of euro 40 million will result in a gain after taxes of euro 31.4 million for the group. The operation will be completed by december 31, 2010.
In execution of the mandate conferred by the Board of Directors, the Chairman has called the Extraordinary Shareholders’ Meeting of FONDIARIA-SAI S.p.A. for January 25, 2011 at the time of 3.00 pm at Via Piero Gobetti 15 in the Hotel Principi di Piemonte of Turin in first call and, if applicable, in second call on January 26, 2011 at the time of 11.00 am, at the same location, to resolve upon the following agenda:
- The authorisation of the Board of Directors, in accordance with article 2443 of the civil code, to undertake a paid-in divisible share capital increase, for a total maximum amount, including any share premium, of Euro 460 million through the issue of new ordinary and savings shares to be offered as options to shareholders. Consequent amendment to article 5 of the Company By-Laws. Resolutions thereon.
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