(Finance) – The board of directors of LVenture Groupa Venture Capital holding company listed on the Euronext Milan market, has taken over the need to convene the shareholders’ meeting For approval of the merger by incorporation of Digital Magics and the related documentation, as soon as the adequacy opinion of the expert appointed by the Court of Rome is available, expected during the week of 30 October 2023.
Also in order to reduce the time necessary to proceed with the meeting, once the opinion is available, the Board of Directors has approved the notice of meeting, including the agenda, and has awarded to the president and CEOeven separately, the power to convene without delay the extraordinary meeting.
Among other things, the Board of Directors also approved an update to the explanatory report relating to the merger. It has anyway confirmed the congruity of the exchange ratio (46 newly issued ordinary shares of LVenture Group for every 5 ordinary shares of Digital Magics), also factoring in some significant, non-extraordinary events which occurred subsequent to the approval and publication of the merger plan.