Shares history 1987
The extraordinary shareholders’ meeting of 27 June 1987 voted to increase the company's share capital from ITL 350,000,000,000 to ITL 420,000,000,000, divided into 210,000,000 shares with a nominal value of ITL 2,000 each, as follows:
- bonus issue of 35,000,000 new shares with a nominal value of ITL 2,000 each, to be allocated to shareholders in the proportion of one new share for each five shares held;
- capitalisation of a total of ITL 70,000,000,000 from the Monetary Revaluation Reserve established pursuant to Italian Law No. 72 of 19 March 1983;
- dividend rights of the new shares issued as per points a) and b) effective as of 1 January 1987;
To confirm the issue, coupon No. 6 shall be detached from the share certificates, and a stamp shall be placed on the face of the certificates.
The related transactions shall commence on 15 September 1987 and shall be completed, for the purposes of the relevant institutions on 30 October 1987; following such date, the transactions may be effected only through the Company’s Head Offices.
Application was made for the listing of the right with all the Stock Exchanges as from 15 September 1987 and was obtained with the Milan Stock Exchange up to 9 October 1987.
The share capital increase was homologated by the Court of Rome by decree No. 10815 of 27 July 1987.