Press release by the Board of Statutory Auditors

02/04/2019 - 06:48 PM

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The Board of Statutory Auditors is proceeding with its investigation following the complaint filed under Articles 2406-2408 Italian Civil Code and Articles 149 et seq of the Finance Consolidation Act by the shareholder Vivendi on 23.01.2019, and the subsequent Addendum dated 30.01.2019

The Board of Statutory Auditors wishes to make it known that it is continuing its investigations, following the complaint made by Vivendi, and the subsequent Addendum.

 

The Board of Statutory Auditors will report in more detail in its annual report filed under Article 153 of the Finance Consolidation Act.

With reference to Vivendi’s request of 14.12.2018, that an ordinary meeting of shareholders be called pursuant to Art. 2367 Italian Civil Code, we wish to clarify that:

 

  • This Board has evaluated the procedure that led the Company’s Board of Directors to call a Meeting of Shareholders for the coming 29 March, the agenda for which includes the same matters that Vivendi had asked be discussed separately;

  • Following that evaluation, and on the basis of the information available, in relation to the Board’s decision we consider that the conditions for the exercise of the powers to convene a specific meeting pursuant to Art. 2367 have not been met;

  • This Board reserves the right to review its opinion about the calling of a Meeting of Shareholders, should the results of the investigation into the events reported by Vivendi reveal any new information or situations that were previously not considered.

 


Rome, 4 February 2019