13 February 2018 - 17:41
Resignation of a member of the board of directors
The Director Stefano Borghi yesterday evening resigned from the Board of Directors of Retelit S.p.A. (MTA: LIT.MI and below “Retelit” or the “Company”) with immediate effect (from 12th of February 2018), for reasons, on the one hand, related to the current period of intensive work undertaken by Retelit’s Board and on the other, the greater professional workload taken on by Mr. Borghi, who therefore considers that he may no longer dedicate the diligence required to properly execute his role with Retelit.
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As per Article IA.2.6.7 of the Borsa Italiana Regulation instructions, the resigning Mr. Borghi: (i) was not considered an independent director as per applicable statutory and regulatory provisions, nor had been assigned executive powers; (ii) holds – through the company HBC S.p.A., of which Mr. Borghi has a 25% equity interest - 7,348,352 company shares (4.47% of the share capital); (iii) was a member of the
appointments and remuneration committee set up by the Board of Directors.
On the same date, Mr. Stefano Borghi also resigned as a Director of the subsidiary e-via S.p.A.
Retelit thanks Mr. Borghi for the major contribution he consistently made to the Group.
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