Tuesday, June 23, 2020 - 18:39

Cesena (Italy), June 23, 2020 –Technogym S.p.A. announces the new share capital of the company following the execution of the free capital increase, for an amount equal to nominal Euro 16,125.00, resolved by the Board of Directors of the Company on June 17, 2020, pursuant to articles 2443 and 2449 of the Italian Civil Code, and exercising the mandate conferred by the Extraordinary Shareholders meeting on April 21, 2017.
The capital increase has been executed by issuing no. 322,500 ordinary shares, without nominal value, released by transfer to share capital, for the relevant amount of the “Stock grant plan reserve” item into the balance sheet; the shares has been assigned to the company’s employees and to the controlled companies’ employees beneficiaries of the “Performance Shares Plan 2017-2019” approved by the Ordinary shareholders’ Meeting on April 21, 2017.