Increased Votes

At their meeting of 29 January 2015, amending art. 12 of the Company’s Bylaws, in line with the provisions of art. 127-quinquies of Legislative Decree no. 58 of 24 February 1998 (consolidated finance act – TUF), the shareholders introduced the mechanism of the so-called “increased voting rights.” Consequently, shareholders (or others entitled to vote) that so request are permitted to register in a “List” kept by the Company for the attribution of two votes per share possessed, subject to continuous possession for a period of at least 24 months by the same party.
The Company’s Bylaws provides that two votes are assigned for each share belonging to the shareholder that has requested being registered in the List – kept and updated by the Company – and that has maintained it for an uninterrupted period of no less than twenty-four months starting from the date of registration in said List.
For organisational purposes, the Company’s Bylaws establishes that the registrations in and updating of the List are to take place quarterly – 01 March, 01 June, 01 September, 01 December – or at such other frequency as may be provided for by sectoral regulations.