Governance (IR)
The Board of Directors approves free share capital increase to serve the assignment of "2019-2021 Equita Group Plan based on financial instruments" shares
22/02/2022
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free share capital increase will involve no. 272,800 ordinary shares, equal to 0.5% of the total outstanding shares as of today
Milan, 22 February 2022
The Board of Directors of Equita Group S.p.A. (the “Company”, “Equita” or the “Group”) today resolved upon the free share capital increase – exercising the mandate conferred by the Shareholders’ Meeting on 16 April 2018 – pursuant to articles 2443 and 2349 of the Italian Civil Code. The Board of Directors agreed to increase the Company’s share capital by a nominal amount of Euro 62,072.35, by issuing no. 272,800 ordinary shares[1] to be assigned to the Group’s employees who are beneficiaries of performance shares assigned in 2021 as part of the incentive plan “2019-2021 Equita Group Plan based on financial instruments” (the “Plan”).
The newly issued shares (equal to approximately 0.5% of the total outstanding shares)[2] will be assigned in favour of beneficiaries according to the terms and conditions provided by the Plan.
Following the free share capital increase, the total amount of ordinary shares of the Company will amount to no. 50,497,000, of which no. 4,059,802 treasury shares.
For further information about the Plan – including the information required by Attachment 3A, Scheme 7, of the Issuers’ Regulation – please refer to the 2020 Remuneration report approved by the Board of Directors of the Company on 17 March 2021 (Corporate Governance section, Shareholders’ Meeting area).