THE BOARD OF DIRECTORS APPROVES THE CAPITAL INCREASE RELEVANT TO “PERFORMANCE SHARES PLAN 2017-2019”
Cesena (Italy), June 17 2020 – Technogym S.p.A. announces that the Board of Directors, gathered today in front of the Notary Public, exercising the mandate conferred by the Extraordinary Shareholder Meeting on April 21, 2017, resolved upon the free capital increase pursuant to articles 2443 and 2349 of the Italian Civil Code for a nominal amount equal to Euro 16,125 - at a value corresponding to the accounting parity of the Technogym shares, with the assignment of a corresponding amount of profit reserves as resulting from the last approved financial statement - by issuing no.322,500 ordinary shares, without nominal value, with the same features of the ordinary outstanding shares, to be assigned in favor of employees of the Company and of its controlled companies who are the recipients of the “Performance Shares Plan 2017-2019” approved by the Ordinary Shareholders’ Meeting on April 21, 2017. The new shares will be assigned to the beneficiaries of the “Performance Shares Plan 2017-2019” pursuant to the terms and conditions provided in the same plan.
The information required by Attachment 3A, Scheme 7, of the Issuers’ Regulation are contained in the remuneration report approved by the Board of Directors on 17 March 2020 and available on the Technogym website http://corporate.technogym.com/en/governance/shareholders-meetings.
