Marcolin: buyback proposal and Corporate By-Laws amendments approved

The ordinary and extraordinary Shareholders' Meeting of Marcolin SpA, held on September 13 and chaired by Giovanni Marcolin Coffen, approved proposals by the Directors regarding the acquisition and transfer of shares.

To ensure that all shareholders are treated equally, acquisitions shall be made on the market in compliance with the limits established by the Law and the procedure agreed with Borsa Italiana SpA. The authorization has a validity of 18 months from the date of the shareholders' resolution and provides for individual acquisition operations at prices ranging from a minimum of 0.52 euros, equal to the nominal share value, and a maximum of 2.65 euros, the share placement value increased by 20%.

Directors can also hold the shares acquired for an unlimited period and they can be partially or totally resold, even prior to the finalization of the acquisitions, but at a price that must not be less than the lowest acquisition price.

During the Meeting, the Shareholders approved the new text of the Corporate By-Laws of Marcolin SpA, which have been amended to adopt the new provisions introduced by the Corporate Law Reform, and to carry out a complete formal revision of the Corporate By-Laws.