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Nice Footwear — M&A Activity 2018
Sep 26, 2018
4155_tar_2018-09-26_3fb84761-3f17-49a1-a934-7beef7eb0a6e.pdf
M&A Activity
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| Informazione Regolamentata n. 0809-68-2018 |
Data/Ora Ricezione 26 Settembre 2018 18:46:58 |
MTA - Star | ||
|---|---|---|---|---|
| Societa' | : | NICE | ||
| Identificativo Informazione Regolamentata |
: | 108820 | ||
| Nome utilizzatore | : | NICEN06 - Biasini | ||
| Tipologia | : | REGEM | ||
| Data/Ora Ricezione | : | 26 Settembre 2018 18:46:58 | ||
| Data/Ora Inizio Diffusione presunta |
: | 26 Settembre 2018 18:46:59 | ||
| Oggetto | : | Execution of the deed for the merger by absorption of the wholly-owned subsidiary Silentron S.p.A. into Nice S.p.A. |
||
| Testo del comunicato |
Vedi allegato.
Execution of the deed for the merger by absorption of the wholly-owned subsidiary Silentron S.p.A. into Nice S.p.A.
Oderzo (TV - Italy), 26 September 2018 – Notice is hereby given that the deed for the merger by absorption of the wholly-owned subsidiary Silentron S.p.A. into Nice S.p.A. was signed today, in accordance with the resolution passed by the Board of Directors' meeting of Nice S.p.A. held on June 20th, 2018.
Since this is a "simplified" merger by absorption of a wholly-owned company, the resolution was adopted by the Board of Directors, by means of public deed, and not by the Shareholders' Meeting pursuant to article 2505, paragraph 2, of the Civil Code and the Articles of Association.
As provided for by article 2504-bis, paragraph 2, of the Civil Code, the merger will take effect from the last registration of the merger deed carried out at the Companies' Registers of Treviso-Belluno and Turin. However, the transactions carried out by Silentron S.p.A. with sole shareholder will be included in the financial statements of Nice S.p.A., solely for accounting and tax purposes and also pursuant to article 172 of the Consolidated Income Tax Act, starting from the first day of the current year upon the effective date of the merger.
Upon completion of the merger, Nice S.p.A. shall take over all the legal relationships of Silentron S.p.A., taking on all the relative rights and obligations in place prior to the merger.
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Nice S.p.A.
Established in the early 1990s and listed on the STAR Segment of Borsa Italiana, Nice S.p.A. is international reference company in the Home Automation, Home Security and Smart Home sector, with a comprehensive offering of integrated automation solutions for gates, garage doors, solar shading systems, parking systems, wireless alarm systems and home security, for residential, commercial and industrial buildings. The Nice Group has launched a strategic plan for geographic growth and the extension of its product portfolio and connected platforms, in order to offer a wide range of customisable, user-friendly options for the end user. It is also seeking to strengthen and expand on markets with high growth potential, enhancing and renewing its branding to compete on new market segments. Nice exports its products, which combine technological innovation and design, generating international revenues of Euro 325 million in 2017, more than 90% of the Group's consolidated total. www.niceforyou.com
Contacts: Investor Relations Nice S.p.A. Nicola Biondo [email protected] Tel: +39 0422 505468 www.niceforyou.com