Special Meeting of Savings Shareholder

November 19, 2020

Execution of the mandatory conversion of savings shares into ordinary shares and distribution of the extraordinary dividend

Withdrawal rights 
The mandatory conversion of savings shares into ordinary shares in accordance with the terms and conditions set out in the resolution of the Extraordinary Shareholders’ Meeting of the Company will entitle the savings shareholders who have not taken part in the approval of the related resolution to exercise the right of withdrawal. Therefore, said shareholders may exercise withdrawal rights within 15 calendar days from the date of registration of the Shareholders’ Meeting resolution in the relevant Companies Register. Notice of this registration will be given on this section of the Company's website and in accordance with the other procedures provided by applicable laws. In this regard, please note the liquidation value of the any savings shares in relation to which withdrawal rights are exercised by those entitled to do so pursuant to Art. 2437, par. 1 (g) of the Italian Civil Code, has been set at euro 10.778 per each savings share. The liquidation value of the shares has been calculated in accordance with Art. 2437-ter, par. 3, of the Italian Civil Code, by making exclusive reference to the arithmetic average of closing prices of the savings shares on the market in the six months preceding the date of publication of this notice of call. 
Further details concerning the terms and conditions for withdrawal will be made public, also on this section of the Company's website, within the terms and in accordance with the procedures provided by law.

2020 Special Meeting of Savings Shareholders

May 8, 2020