(Finance) – Brembowith reference to the cross-border transformation approved by the extraordinary shareholders’ meeting of 27 July 2023, announces that all the conditions precedent to which the effectiveness of all the resolutions of the Meeting was subordinated and, more generally, the completion of the ‘operation.
Today, the reduction of the share capital was therefore carried out, approved by the Shareholders’ Meeting as it was instrumental to the Operation, from Euro 34,727,914.00 to Euro 3,339,222.50, through the “establishment of a net equity reserve for a amount equal to the difference between the amount of share capital before and after the reduction and without cancellation of shares or reimbursement of capital to shareholders”, explains the company.
As regards the subsequent obligations for completing the cross-border transformation, Brembo therefore confirms that: the notarial deed under Dutch law will be stipulated on 25 January 2024 with effectiveness deferred to the day following the date of the meeting scheduled for 23 April 2024 called to approve, among other things, the Company’s financial statements for the year ended 31 December 2023; the payment of the liquidation value in favor of those who have exercised the right of withdrawal will take place on 31 January 2024.