Shares history 1978

The extraordinary shareholders’ meeting of 24 June 1978 voted to increase the company’s share capital from ITL 65,830,872,000 to ITL 78,996,208,000, as follows:

  1. bonus issue of 3,291,508 new shares of nominal value ITL 4,000, to be allocated to the shareholders in the proportion of one new share for every five shares held, with a waiver of allocation rights on four treasury shares pursuant to Article 2357 of the Italian Civil Code;
  2. capitalisation of ITL 13,166,032,000 from the Special Revaluation Reserve (Italian Law No. 576 of 2 December 1975);
  3. dividend rights of the new shares issued as per point a) effective as of 1 January 1978.

To confirm the increase, coupon No. 7 shall be detached from the certificates.
The related transactions shall commence on 20 September 1978 and shall be completed, for the purposes of the relevant institutions on 31 October 1978; following such date, the transactions may be effected only through the Company’s Head Offices against presentation of the related share certificates.
The share capital increase was ratified by the Court of Rome through decree dated 7 August 1978.
In accordance with point a), the company waived its right to assign the four shares represented by certificate No. TL 000024.
From this day forward, all new share certificates issued and registered in the Shareholders’ Register in conjunction with any transaction (capital increase, share split, etc.) must bear the letter “Z”, with no distinction between the issue series as per the key recorded on page 72 of the Shareholders’ Register No. 76.
The numbering of the share certificates shall begin from 1 (one) and "Trieste" shall be indicated therein as the place of issue.