Technogym S p A : Press release about the resolution on capital increase relevant to "Performance Shares Plan 2017-2019"
June 17, 2020 at 06:32 am EDT
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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.
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Technogym S.p.A. published this content on 17 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 June 2020 10:31:03 UTC
Technogym SpA is an Italy-based company engaged in the recreational products industry. The Company manufactures fitness equipment. It designs and manufactures fitness equipment for private individuals, corporations, fitness centres, hotels and spas and medical centres. The Company's products offer include treadmills, exercise bikes, cross trainers, circuit training, core exercises equipment, fitness accessories, gym benches, kinesis, legs exercises equipment, multi gyms, plate loaded equipment, software and hardware, steppers, stretching machines, upper body equipment and weights, dumbbells and bars for cardiovascular training, group fitness, resistance and functional training and strength training, among others.