As required by Article 11 of the Bylaws, in order to allow the Company to comply with disclosure requirements by AIM Italia Issuers’ Regulations, each shareholder who implements operations resulting in a Substantial Change, as defined by the AIM Italia Issuers’ Regulations, of the held holdings, is to communicate to the company, through a written communication sent to the Board of Directors and the Board of Statutory Auditors, all the information needed by the Company in order to comply with communication requirements prescribed by the AIM Italia Issuers’ Regulations.
The holding means a share, held also indirectly through trustees or a third party, of securities issued by the Company, that attribute voting rights for resolutions of shareholders’ meetings regarding the appointment or revocations of directors. The threshold of the mayor holdings means that 5% of the share capital has been reached or exceeded and that 5%, 10%, 15%, 20%, 25%, 30%, 35%, 40%, 45%, 50%, 66,6%, 75%, 90% and 95% have been reached or exceeded or it refers to the different threshold indicated by the AIM Italia Issuers’ Regulations – Alternative Capital Market or by any other provision of law or regulation applicable to the company.
Failure to disclose the exceeding of the mayor threshold or changes of mayor holdings to the Board of Directors results in the suspension of voting rights on shares and financial instruments for which the communication has been omitted. The reported framework is one in force when the obligations under article 9 of the Bylaws will be applied.