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Capital increase for Veronafiere

Unanimously approved by shareholders for 30 million

The shareholders' meeting of Veronafiere, met today in an extraordinary session, unanimously approved a capital increase of 30 million euros to support the development of the action plan for the restart. "The unanimous vote of the Shareholders - comments Maurizio Danese , president of Veronafiere - is the fundamental premise for starting a path that leads to a positive conclusion this long period of serious difficulty. The capital increase will allow the implementation of the Action Plan for the restart that foresees a transition 2021 to get out of the Covid emergency, and to hook the recovery in 2022, returning, within the two-year period 2023-2024, to pre-crisis levels. In this scenario, the Members have also assured their support for the international development of the company also through alliances and collaborations".

Veronafiere Spa sees the participation of the Municipality of Verona (39.4%), of the Cassa di Risparmio di Verona, Vicenza, Belluno and Ancona Foundation (24.07%), of the Verona Chamber of Commerce (12.9%), of Cattolica Assicurazioni (7.07%), of Banco BPM Spa (7%), of the Venetian Agency for Innovation in the Primary Sector (5.3%), of the Province of Verona (1.4%), of Intesa Sanpaolo Spa (1.3%), Banca Veronese Cooperativo di Concamarise (0.88%), Immobiliare Magazzini Srl (0.18%) and the Veneto Region (0.16%).

The first phase of the share capital increase reserved for shareholders will end on 30 June next. From that date and until September 30, 2021, any unsubscribed units will be available on the market.

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EFA News - European Food Agency