Aquafil

AGM Information • Apr 23, 2024

Informazione Regolamentata n. 1938-25-2024	Data/Ora Inizio Diffusione 23 Aprile 2024 17:45:24		Euronext Star Milan
Societa'	:	AQUAFIL
Identificativo Informazione Regolamentata	:	189491
Utenza - Referente	:	AQUAFILNSS02 - Tonelli
Tipologia	:	1.1; 3.1
Data/Ora Ricezione	:	23 Aprile 2024 17:45:24
Data/Ora Inizio Diffusione	:	23 Aprile 2024 17:45:24
Oggetto	:	Ordinary and Extraordinary shareholders' Meeting of Aquafil S.p.A.
Testo del comunicato

Vedi allegato

THE ORDINARY SHAREHOLDERS' MEETING OF AQUAFIL S.P.A. APPROVED THE FINANCIAL STATEMENTS OF 2023, THE REMUNERATION REPORT, APPOINTED THE BOARD OF STATUTORY AUDITORS AND AMENDED ATRICLES 3.4, 4.7 e 10.5 OF THE REGULATIONS GOVERNING GENERAL SHAREHOLDERS' MEETING

THE EXTRAORDINARY SHAREHOLDERS' MEETING OF AQUAFIL S.P.A. AMENDED ARTICLES 9.3, 9.4, 10.5, 10.6, 13.3, 13.4 e 18.2 OF THE BYLAWS

Arco (TN), April 23, 2024 – Aquafil S.p.A. [ECNL IM] announces that the Ordinary and Extraordinary shareholders' Meeting, held today and chaired by Prof. Chiara Mio, approved the Company's Financial Statements for the year ended December 31, 2023, and acknowledged the presentation of the Consolidated Financial Statements for the year ended December 31, 2023.

In detail, as already announced to the market, consolidated revenues amounted to €571.8 million; consolidated EBITDA amounted to €47.5 million and the consolidated net result amounted to €25.8 million loss.

The General Shareholders' Meeting resolved to cover the loss of the year, of €5,641,004, entirely through the partial use of the extraordinary reserve.

The General Shareholders' Meeting also approved the Report on Remuneration and Compensation Paid, pursuant to Article 123-ter of Legislative Decree No. 58 of 24 February 1998. In detail, the Shareholders:

a) approved, with a binding resolution the Remuneration Policy ("Section 1" of the Report), pursuant to Article 123-ter, paragraphs 3-bis and 3-, of Legislative Decree No. 58/1998;

and

b) approved in favour of the "Section 2" of the Report, pursuant to Article 123-ter, paragraph 6, of Legislative Decree No. 58/1998.

The Shareholders' Meeting also resolved to appoint the new Board of Statutory Auditors, comprised of 3 Statutory Auditors and 2 Alternate Auditors, which will remain in office for the years 2024-2026.

From the majority list submitted by Aquafin Holding S.p.A., which holds 58.32% of the ordinary share capital and 68.54% of voting rights, Bettina Solimando and Beatrice Bompieri were elected as Statutory Auditors and Marina Manna as Alternate Auditor.

From the minority list submitted by a group of shareholders consisting of asset management companies, which together hold 1.42149% of the ordinary share capital with voting rights at the meeting, Stefano Giuseppe Giovanni Maria Poggi Longostrevi was elected as Chairman of the Board of Statutory Auditors and Davide Barbieri as Alternate Auditor.

The CVs of the Directors and Statutory Auditors are available on the company website (www.aquafil.com).

The Shareholders' Meeting determined the annual fee payable to the Chairman of the Board of Statutory Auditors and to each of the other Standing Auditors at € 60,000 and € 40,000 gross per year, respectively.

Pursuant to art. 144-novies of Consob Regulation no. 11971/1999 (Regulation on Issuers), the newly appointed Board of Statutory Auditors, which met today, verified that its members comply with the independence requirements set out in art. 148, paragraph 3 of the Consolidated Law on Finance and in the Corporate Governance Code of listed companies. Following the assessment, all members of the new Board of Statutory Auditors resulted to comply with the said independence requirements.

Lastly, the Shareholders' Meeting amended Articles 3.4, 4.7 e 10.5 of the Regulations governing general shareholders' meeting.

The Shareholders' Meeting held in extraordinary session also amended Articles 9.3, 9.4, 10.5, 10.6, 13.3, 13.4 and 18.2 of the Bylaws.

* * *

Aquafil is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as fishing nets and rugs – that have reached the end of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group's production plants, where they are transformed into yarn for rugs carpet flooring and for clothing.

Founded in 1965, Aquafil is one of the main producers of nylon in Italy and worldwide. The Group is present on three different continents, employing about 2,650 people at 19 production sites located in Italy, Slovenia, Unites States, China, Croatia, Chile, Thailand and Japan.

For further information

Investors Contact

Giulia Rossi investor.relations@aquafil.com mob: +39 327 0820.268

Media Contact Barabino & Partners T: +39 02 72.02.35.35 Federico Vercellino f.vercellino@barabino.it mob: +39 331 5745.171

Barabino & Partners IR T: +39 02 72.02.35.35 Stefania Bassi s.bassi@barabino.it mob: +39 335 6282.667 Agota Dozsa a.dozsa@barabino.it mob: +39 338 7424.061