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Vita Societa Editoriale SpA Approves Proposal for Share Capital Increase Aimed at Acquisition of 100% Stake in Sisifo Italia Srl; to Delegate Board for Share Capital Increase


Monday, 25 Mar 2013 12:51pm EDT 

Vita Societa Editoriale SpA announced that the Board of Directors has approved a proposal for a share capital increase for nominal EUR 198,800.00, excluding option rights, through issuance of 710,000 new Vita Societa Editoriale SpA ordinary shares with a nominal value of EUR 0.28 each and a corresponding value in total of EUR 213,000.00, reserved to Mr. Giuseppe Lanzi, partner of Sisifo Italia Srl, to be paid by the transfer of the 49% stake in the share capital of Sisifo Italia Srl, held by Mr. Lanzi. The share capital increase is aimed at the acquisition of 100% stake in the capital of Sisifo Italia Srl, of which Vita already holds a 51% stake. Vita Societa Editoriale SpA also announced that the Board of Directors has approved a proposal to delegate to the Board the responsibility to increase the share capital of Vita Societa Editoriale SpA up to EUR 3 million through issuance of ordinary shares, within a period of three years from the date of deliberation. The issued shares would have a par value of EUR 0.28. 

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0.1184
-2.0E-4 -0.17%
23 Dec 2014