Sabaf

Board/Management Information • Apr 30, 2019

Informazione Regolamentata n. 0226-17-2019		Data/Ora Ricezione 30 Aprile 2019 12:08:09	MTA - Star
Societa'	:	SABAF
Identificativo Informazione Regolamentata	:	117639
Nome utilizzatore	:	SABAFN03 - Beschi
Tipologia	:	REGEM
Data/Ora Ricezione	:	30 Aprile 2019 12:08:09
Data/Ora Inizio Diffusione presunta	:	30 Aprile 2019 12:08:10
Oggetto	:	appointment of a director	Shareholders' meeting - Nomination for the
Testo del comunicato

Vedi allegato.

Press release Ospitaletto (BS), 30 April 2019

SHAREHOLDERS' MEETING OF 7 MAY 2019 NOMINATION FOR THE APPOINTMENT OF A DIRECTOR

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With reference to the next shareholders' meeting which has been called for 7 May 2019, during which, among other matters, a resolution for the appointment of a company director will be proposed, it is hereby made publicly known that on the date hereof, shareholder Giuseppe Saleri S.a.p.A., the company holding 2,766,313 shares representing 23.99% of the share capital of Sabaf S.p.A., presented the nomination of Professor Carlo Scarpa as a candidate for the appointment. In addition to the nomination, the company also received Professor Carlo Scarpa declaration indicating his willingness to accept the appointment and attesting to be independent for the purpose of and as provided by the Italian Consolidated Finance Act (Testo Unico della Finanza - "TUF") and the Self-Regulation Code.

Professor Carlo Scarpa is already a Company Director of Sabaf S.p.A., inasmuch as he was co-opted by the Board of Directors during the Board Meeting of 23rd January 2019 to substitute Prof. Renato Camodeca who had resigned; his term of office expires as of the next shareholders' meeting.

For further information:
Investor Relations	Media relations
Gianluca Beschi	Talia Godino - +39 348 3499793
Tel: +39 030 6843236	tgodino@twistergroup.it
gianluca.beschi@sabaf.it	Maria Giardini - +39 340 5104775
www.sabaf.it	mgiardini@twistergroup.it
	Arnaldo Ragozzino - + 39 335 6978581
	aragozzino@twistergroup.it

Founded in the early fifties, SABAF has grown consistently over the years to become the key manufacturer in Italy – and one of the leading producers in the world – of components for kitchens and domestic gas cooking appliances.

There are four main lines of production: valves, thermostats and burners for gas cooking appliances and hinges for ovens, washing machines and dishwashers.

Technological expertise, manufacturing flexibility, and the ability to offer a vast range of components – tailor-made to meet the requirements of individual manufacturers of cookers and built-in hobs and ovens and in line with the specific characteristics of its core markets – are Sabaf's key strengths in a sector featuring major specialisation, constantly evolving demand and an ever-increasing orientation towards products assuring total reliability and safety.

The Sabaf Group has more than 800 employees. It operates through its parent company SABAF S.p.A. and the subsidiaries Sabaf do Brasil, Sabaf Turkey and Sabaf China, active in the production of domestic burners, A.R.C., which produces burners for professional cooking, and Faringosi Hinges, leader in the production of oven hinges and Okida, active in the sector of electronic components for household appliances.