(Finance) – The Board of Directors iVision Techa company listed on Euronext Growth Milan and active in the design and production of eyeglass and sunglasses frames, has resolved to convene the meeting of the members for 11 December 2024 on first call (and, if necessary, for 12 December 2024 on second call) in order to introduce the increase in voting rights of 4 votes for each share.
The increased voting right is recognized to the company’s shareholders who expressly request it within 60 days of record date relating to the extraordinary meeting (2 December 2024).
More specifically, the Board of Directors believes that the introduction of the increase in voting rights responds to the interests of the company, as it is able to guarantee: (i) stability of the shareholding structure and long-term commitment of the shareholders who will benefit from the increase, thus to allow a lasting increase in the value of the shares and support in the implementation of strategic projects intended to develop over a medium-long term time horizon; (ii) greater flexibility of the share capital for allow the company to raise new resources and to continue with its growth project also through external lines.
The Board of Directors has determined the unit liquidation value of the company’s shares at 1.75 euros for the purposes of exercising the right of withdrawal. The effectiveness of the resolution to amend the bylaws is subject to the fulfillment of the following condition precedent: thetotal settlement amount paid by the company and in favor of the shareholders who have exercised the right of withdrawal is not greater than 100,000 euros.