Caribbean Company, new Board of Directors elected. Proxy for convertible bonds approved

Caribbean Company new Board of Directors elected Proxy for convertible

(Finance) – The shareholders’ meeting of Caribbean Companya company listed on Euronext Growth Milan and active in the import, development, brand building and distribution of premium and ultra-premium spirits, wines and soft drinks, has Financial Statements as of December 31, 2023 approved and resolved to cover the operating loss of 9,070,252 euros through the partial use of the share premium reserve.

The shareholders have appointed the members of the board of directors who will remain in office from 2024 to 2026 with the election of the members belonging to the lists presented (i) by the shareholder GEM Srl holding 72.53% of the share capital; (ii) by institutional investors holding a total of 5.32025% of the share capital. The new Board of Directors is composed of: Edelberto Baracco, Fabio Torretta, Camillo Rossotto, Roberta Del Mastro, Pietro Caliceti.

The assembly has appointed President Edelberto Baracco.

Finally, it resolved to assign to the Board of Directors a power to issue convertible bondseven with the exclusion of the option right, to be exercised once or more times within a period of five years.

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