Press release, 29 september 2015
29 September 2015Price sensitive | Press releases
Today the Board of Directors of Retelit S.p.A.:
- verified the loss of independence requirements by Deputy Chairman of the Board of Directors Valentino Bravi;
- modified by composition of the Appointments and Remuneration Committee.
During today's meeting, the Board of Directors of Retelit S.p.A. ("Retelit" or "the Company"), chaired by Dario Pardi, in light of Mr. Pardi's appointment on 29 April 2015 as Chairman of the Board of Directors of TAS - Tecnologia Avanzata dei Sistemi S.p.A. ("TAS S.p.A."), listed on the MTA market organised and managed by Borsa Italiana S.p.A., determined, in accordance with Application Criterion 3.C.1 f), that Deputy Chairman of the Board of Directors Valentino Bravi had ceased to satisfy the previously declared independence requirements, as laid down in Art. 3 of the Code of Conduct for Listed Companies of Borsa Italiana S.p.A., considering that Mr. Bravi latter now occupies the position of Managing Director of TAS S.p.A. In light of the foregoing, in order to satisfy the committee composition requirements established by the Code of Conduct, the Board of Directors therefore re-determined the composition of the Appointments and Remuneration Committee by appointing independent directors Annunziata Magnotti and Carla Sora additional members of the Committee. Furthermore, the position of Chairwoman of the Committee has been assumed by independent director Laura Rovizzi.