(Finance) – Tod’s makes it known that the Board of Directorsmeeting today, examined the communication relating tovoluntary public tender offer on 11,913,128 shares Tod’s ordinary shares, promoted on 10 February 2024 by a company controlled by LC10 INTERNATIONAL AIV, LP – fund managed by L CATTERTON MANAGEMENT LIMITED – in concert with, among others, Diego Della Valle and Andrea Della Valley (and related subsidiaries) aimed at delistin. The Board of Directors therefore has started their own business competenceincluding the definition of criteria and of mode selection of advisors for assessments of the Offer and the adequacy of the consideration.
With reference to the Offer, the Board of Directors has the coordination role was attributed to Doctor Vincenzo Manes, Lead Independent Director of the activities falling within the board’s competence, while the Independent Directors have identified Romina Guglielmetti as “Independent Director Coordinator”, attributing to her, due to the technical skills and previous experience gained by her in similar operations, the task of coordinating the activities within their competence aimed at preparation of the Opinion.
For both roles, there are no additional compensations.