An ordinary session of the Shareholders’ Meeting of Astaldi S.p.A. met today to resolve upon the appointment of two members of the Board of Directors. It appointed Piero Gnudi, already co-opted by the Board of Directors since 1 October 2014 as Independent Director, and Filippo Stinellis, to replace the outgoing Directors, Guido Guzzetti and Mario Lupo. Both the appointed Directors shall remain in office until the natural expiration of the current Board of Directors, in other words until the Shareholders’ Meeting to approve the Financial Statements at 31 December 2015.
Please refer to the Company’s website www.astaldi.com (Governance section) to consult the complete curricula of the newly-appointed Directors.
An extraordinary session of the Shareholders’ Meeting was also called, with an attendance of 75% of the share capital, and approved, with a majority of 71.47% of the share capital in attendance (hence greater than 2/3), the amendments to the Company Bylaws, aimed at introducing the mechanism of increased voting rights into the Company.
The introduction of this new institution is aimed at promoting the presence of stable investors in the share capital through a planned “loyalty premium” that encourages maintenance of the investment for a longer period of time, and hence more in keeping with the timeframe of the Group’s growth strategies that are typically medium-long term.
Indeed, the institution introduced provides for the assignment of two votes for each common share held by the same Shareholder for an ongoing period of no less than two years as from the date of entry in a specific “List” created and kept by the Company. The applications for entry will be applied starting from March 1 2015. The procedures regarding application for entry in the aforementioned List and other information regarding increased voting rights will be consulted on the Company’s website (www.astaldi.com Governance Section / Increased voting rights), starting from today.