Press Release in accordance with CONSOB Regulation No. 11971/1999 and subsequent modifications
Concluded the first tranche of the stock option plan reserved for DADA Group employees
Large subscription of the first tranche of the stock option plan reserved for DADA Group employees
Florence, February 9, 2006 - On February 6, 2006 the first period ended for the subscription of the stock option plan reserved for DADA Group employees, already approved by the Board of Directors of DADA S.p.A. (MTAX of Borsa Italiana: DA.MI) on June 20, 2005, in accordance with the Shareholders' Meeting resolution of April 28, 2005.
The stock option Plan, which provides for two further subscription periods from January 18 to February 6, respectively in 2007 and in 2008, has the purpose of providing incentives and ensuring the loyalty of the employees of the Group, through encouraging participation in the ownership of the Company.
The number of options exercised by the Group employees amounted to 132,217 compared to a total of 146,485 options available in the period, thus with a subscription of over 90%, that resulted in the issue of 132,217 new ordinary shares of DADA S.p.A.
The subscription price of each share - fixed in the Board meeting of June 20, 2005 based on the criteria and in execution of the Shareholders' Meeting resolution of April 28, 2005 - was Euro 10.82.
The total income for the Company deriving from the share capital increase therefore amounted to Euro 1,430,587.94.
As a consequence of the subscription, the subscribed and paid-in share capital of DADA S.p.A. amounted to Euro 2,174,569.86, represented by 15,968,058 ordinary shares of DADA S.p.A., of a nominal value of Euro 0.17 each.
