Ordinary Shareholders' Meeting:

  • Approval of the 2015 Financial Statements
  • Approval of the authorisation to dispose of treasury shares

Milan, 28 April 2016 - The Shareholders' Meeting of RCS MediaGroup chaired by Maurizio Costa met today in Ordinary session and passed the following resolutions, approved by a large majority:

- Approval of the Financial Statements as at 31 December 2015, showing a net loss of Euro 49.654.568 million, carried forward;

- expression of favourable vote on Section I of the Remuneration Report prepared by the Board of Directors particularly in accordance with Article 123-ter of Italian Legislative Decree 58/1998 and the associated implementation provisions issued by Consob;

- approval of proposal of the Board of Directors regarding the disposal of treasury sharessubject to annulment of the previous authorisation. In light of this authorisation, pursuant and consequent to Article 2357-ter of the Italian Civil Code, the Board of Directors may dispose, on one or more occasions, of all or part of the treasury shares in portfolio as at today's date or that may subsequently be acquired, within 18 months of the date of the resolution and in particular with the following alternative methods: (i) by cash transactions at a value no lower than 10% of the reference price recorded on electronic stock market (MTA) organised and managed by Borsa Italiana S.p.A. in the stock exchange session prior to every single transaction, through sale on the stock exchange, block trades, public offer, or (ii) by exchange transactions, exchange, contribution or another act of disposal not in cash as part of business plans or extraordinary financial transactions under economic terms to be determined, with the aid of independent experts, according to the type and characteristics of the transaction and also taking into account the market performance of RCS MediaGroup shares;

The minutes of the Shareholders' Meeting will be made available to the public, within thirty days from today's date, at the company's registered office, Borsa Italiana S.p.A. and on the Company's website www.rcsmediagroup.it(Governance/Shareholders' Meetings section). A brief report of the shareholders' meeting votes will be made available on the same website in the aforesaid section, within five days of today's date in accordance with current laws.

For further information:
RCS MediaGroup - Media Relations
Maria Verdiana Tardi - +39 02 2584 5412 - +39 347 7017627 - verdiana.tardi@rcs.it
RCS MediaGroup - Investor Relations
Federica De Medici - +39 02 2584 5508 - +39 335 230278 - federica.demedici@rcs.it
www.rcsmediagroup.it

RCS Mediagroup S.p.A. issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 13:30:32 UTC

Original Document: http://www.rcsmediagroup.it/en/press-release/press-release-shareholders-meeting-28042016/