B&C Speakers

AGM Information • Feb 3, 2021

Informazione Regolamentata n. 0931-8-2021		Data/Ora Ricezione 03 Febbraio 2021 12:50:56	MTA - Star
Societa'	:	B&C SPEAKERS
Identificativo Informazione Regolamentata	:	142137
Nome utilizzatore	:	BCSPEAKERSN02 - spapperi
Tipologia	:	3.1
Data/Ora Ricezione	:	03 Febbraio 2021 12:50:56
Data/Ora Inizio Diffusione presunta	:	03 Febbraio 2021 12:50:57
Oggetto	:	B&C Speakers Shareholders Meeting on Articles of Association
Testo del comunicato

Vedi allegato.

PRESS RELEASE

B&C Speakers S.p.A.:

Approval of amendments and additions to the Articles of Association

Bagno a Ripoli (Fi), February 3, 2021. The shareholders' meeting of B&C Speakers S.p.A. met in extraordinary session, has approved today the following amendments / additions to the Articles of Association:

Change of the Company Name - art. 1 of the Articles of Associations

The spaces between the letter "B" and the "&" and between the "&" and the letter "C", along with the points after the letters "B" and "C" have been removed. The company name was therefore changed to "B&C SPEAKERS S.p.A.".

Removal of the ban on appointing the Designated Representative and consequential amendment of article 8.3 of the Articles of Associations.

The ban on appointing the Designated Representative has been removed pursuant to art. 135-undecies of the TUF, at the time envisaged by the applicable Articles of Associations. This change meets the need to minimize the risks associated with the protraction of the Covid-19 health emergency, still currently underway, and in order to ease the participation of shareholders in future meetings.

Introduction of the increased vote and subsequent resultant amendment of art. 8 of the Articles of Association.

The increased voting was approved and adopted, making full use of the option granted by art. 127 quinquies of the TUF and consequently setting the maximum limit of such increase to two votes for each share, in order to "maximize" the positive effects expected from the introduction of the "increased vote".

For more information, please refer to the "Investor Center" / Corporate Governance / Shareholders' Meeting Archive of the Company's website www.bcspeakers.com, where the reports prepared by the Directors are available pursuant to art. 125-ter of the TUF, of arts. 72 and 84-ter of the Issuers' Regulation and Annex 3A, scheme no. 3, to the aforementioned regulation and where, in accordance with the law, the Articles of Association - currently being filed and transmitted in accordance with the applicable regulations - will be available highlighting the changes made.

The minutes of the resolution adopted will be made available to the public at the registered office and on the Company's website, in accordance with the law.

B&C Speakers S.p.A.

Simone Pratesi (Investor Relator), Tel: 055/6572 303 Email: spratesi@bcspeakers.com B&C Speakers S.p.A.

B&C Speakers S.p.A. is an international leader in the design, production, distribution and marketing of professional electro-acoustic transducers (the main components in acoustic speakers for music, commonly referred to as loudspeakers), supplied mainly to professional audio-system manufacturers (OEM). With around 160 employees, approximately 10% of which are assigned to its Research and Development Department, B&C Speakers carries out all design, production, marketing and control activities at its offices in Florence and Reggio Emilia for the brands of the Group: B&C, 18SOUND and CIARE. Most of its products are developed according to its key customers' specifications. B&C Speakers also operates in the US and Brazil through two subsidiaries carrying out commercial activities.