Moncler

M&A Activity • Jan 21, 2024

Informazione Regolamentata n. 1218-4-2024	Data/Ora Inizio Diffusione 21 Gennaio 2024 12:38:08		Euronext Milan
Societa'	:	MONCLER
Identificativo Informazione Regolamentata	:	185489
Nome utilizzatore	:	MONCLERN03 - Bonante
Tipologia	:	REGEM
Data/Ora Ricezione	:	21 Gennaio 2024 12:38:08
Data/Ora Inizio Diffusione	:	21 Gennaio 2024 12:38:08
Oggetto	:	Joint press release from Double R and Venezio Investments issued by Moncler on their behalf - Double R to assign Moncler shares to Venezio
Testo del comunicato

Vedi allegato

Joint press release from Double R S.r.l. and Venezio Investments Pte Ltd. issued by Moncler S.p.A. on their behalf

Double R to assign Moncler shares to Venezio Investments

Milan, 21 January 2024 – Double R S.r.l. ("Double R") and Venezio Investments Pte Ltd. ("Venezio") hereby announce the withdrawal of Venezio from Double R in accordance with the provisions of Double R's current by-laws as well as of the investment agreement ("IA") between Venezio and the other quotaholders of Double R.

As of the date hereof, Venezio holds an approximately 16.843% stake in Double R, while Double R holds approximately 23.721% of the share capital of Moncler S.p.A. ("Moncler").

In connection with the withdrawal, Double R and Venezio will initiate and carry-out the relevant procedure under Double R's current by-laws and the IA, as a result of which Double R will assign a corresponding number of ordinary shares of Moncler in favour of Venezio determined in accordance therewith. The exact amount of Moncler's ordinary shares assigned to Venezio will be communicated at the closing of the process regulated by Double R's current by-laws and the IA. Following such closing, Venezio and Double R will timely fulfill any disclosure obligations required by applicable laws and regulations in connection therewith.

Venezio and Double R enjoy a very successful partnership since Venezio's original investment in Moncler in 2016. Notable achievements include the successful geographic expansion of the Moncler brand, the fortification of its Direct-To-Customer distribution strategy, the continued product innovation and category diversification, as well as the acquisition of Stone Island. These achievements are a testimony to the great vision and strong execution of the entire Moncler management team.

Venezio's decision to exchange its holdings in Double R into Moncler shares is a natural evolution of its long-term partnership with Moncler. Venezio will become a direct shareholder of Moncler and is excited about the opportunities that lie ahead. The journey continues.

For further information on the IA, please refer to the essential information published pursuant to Article 130 RE on Moncler's website www.monclergroup.com (Section "Governance" / "Documents and Procedures" / "Shareholders' Agreements").

Fine Comunicato n.1218-4	Numero di Pagine: 3
--------------------------	---------------------