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10/10/2009

CATULLO SPA SHAREHOLDERS ASSEMBLY UNANIMOUSLY APPROVED CAPITAL INCREASE

The shareholders of Catullo SpA met this morning in the press room of Verona airport. The first point of the agenda, that was approved unanimously by the attending shareholders, regarded the modification of capital increase structure that had already been approved by the assembly last 15th May. According to the modification, starting from 1st June 2010, the Board of Directors will be delegated to increase the company capital by new ordinary shares, in case warrant subscription would not be possible. Substance and timing for the operation remain unchanged: the capital increase, which will be completed into four stages within 31st December, will be functional for the investment plan of the next few years, as part of the company self-financing action and in support of the medium/long term bank loan. The deadline to subscribe for the first stage is next 31st October. According to the second agenda point, the assembly approved to transfer the shares of the Autonomous Province of Trento, second shareholder of Catullo SpA, to the financial company Tecnofin Trentina SpA, whose capital is 100% hold by the same Autonomous Province of Trento.