AGM Information • Apr 20, 2023
AGM Information
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| Informazione Regolamentata n. 0742-10-2023 |
Data/Ora Ricezione 20 Aprile 2023 17:59:57 |
Euronext Milan | ||
|---|---|---|---|---|
| Societa' | : | GEOX | ||
| Identificativo Informazione Regolamentata |
: | 175616 | ||
| Nome utilizzatore | : | GEOXN04 - - | ||
| Tipologia | : | REGEM; 3.1 | ||
| Data/Ora Ricezione | : | 20 Aprile 2023 17:59:57 | ||
| Data/Ora Inizio Diffusione presunta |
: | 20 Aprile 2023 17:59:59 | ||
| Oggetto | : | GEOX S.P.A. SHAREHOLDERS' MEETING 2023 |
||
| Testo del comunicato |
Vedi allegato.
Crocetta del Montello, April 20 2023 – The ordinary Shareholders' Meeting of Geox S.p.A., a leading brand in classic and casual footwear, listed on Euronext Market Milan managed by Borsa Italiana (GEO.MI), was held today.
Please find below the resolutions passed by the ordinary Shareholders' Meeting.
The Shareholders' Meeting read the Group's consolidated financial and non financial statements and approved the financial statements of the parent company Geox S.p.A., in accordance with the draft financial statements approved by the Board of Directors meeting held on 9 March 2023 and already disclosed to the market with the press release issued on the same date.
The Shareholders' Meeting passed a resolution to carry forward the loss for the 2022 financial year.
The Shareholders' Meeting approved the Remuneration report pursuant to art. 123-ter, paragraph 6, of (Italian) Legislative Decree no. 58/98, as amended.
The Board of Directors has passed a resolution to submit a plan to buy back and hold treasury shares to the Shareholders' Meeting for approval. The aim of this plan is to provide the issuer with shares for both the allocation of stock options, in view of said options being exercised as part of the Stock Option Plan approved by the Shareholders' Meeting to the benefit of employees, and for current and any future Stock Grant plans in line with the Company's development strategy.
The Company may buy a number of ordinary shares not exceeding 10% of the share capital for a period of 18 months from the date that the shareholders' meeting passes the relative resolution (therefore with a deadline of 20 October 2024), subject to the revocation of the previous plan authorized by the Shareholders' Meeting on 14 April 2022.
Purchases must be made at a price per share that is no more than 10% higher or lower than the closing price posted on the business day prior to the purchase date. Maximum daily purchase volumes cannot exceed 25% of the average volumes trades during the 20 Stock Exchange session preceding the purchase date. The share buy-back must be carried out on regulated markets in accordance with the procedures provided for by applicable regulations (in particular, pursuant to art. 144-bis, para. 1, letter b) of the Issuers' Regulation and the provision that are in any case applicable in order to meet the requirement to treat all shareholders equally, as stated by art. 132 of the 'TUF' – Italian consolidated law on financial intermediation, and in accordance with applicable legislation and market practices permitted by CONSOB pursuant to article 13 of (EU) Regulation no. 596/2014), following the operating procedures set forth by the markets' own organizational and operating rules, in order to ensure that all shareholders are treated equally.
It should be noted that, as of today, the Company holds 3,996,250 treasury shares.
The executive responsible for the preparation of corporate accounting documents, Mr Massimo Nai, hereby declares, to the best of his knowledge and in accordance with paragraph 2, Article 154(a) of the "Testo Unico della Finanza" (Italian Consolidated Law on Financial Intermediation), that the accounting information disclosed in this press release reflects documentary evidence, accounting entries and other records of the company.
INVESTOR RELATIONS tel. +39 0423 282476; [email protected]
PRESS OFFICE Juan Carlos Venti: tel: +39 0423 281914; cell. +39 335 470641; [email protected]
Geox Group operates in the classic and casual footwear for men, women and children, with a medium/high price level, and in the apparel sector. The success of Geox is due to the constant focus on the application of innovative solutions and technologies on the product that guarantee both impermeability and breathability.
Geox is one of the leading brands in the (International Branded Casual Footwear Market", Geox technology is protected by 63 different patents and by 3 more recent patent applications.
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