Financial Press Releases
Press Release in accordance with CONSOB Regulation No. 11971/1999 and subsequent modifications
THE BOARD OF DIRECTORS APPROVES SHARE CAPITAL INCREASE FOR 2009-2011 TOP MANAGER STOCK OPTION PLAN
Florence, February 24, 2009
- The Board of Directors of Dada S.p.A. (MTA of Borsa Italiana: DA.MI), in a meeting held today, partially executed the powers delegated through the Shareholders' Meeting resolution of January 9, 2009, for a paid-in share capital increase to service the Stock Option Plan for directors holding particular positions, as well as general managers and/or executives and/or Division managers of Dada and/or or its Subsidiary Companies (2009-2011 Top Manager Plan), whether employees or professional consultants.
The Board, on the proposal of the Remuneration Committee of the Company, approved the regulations of the Plan and assigned 410,000 options for the subscription of the same number of ordinary Dada shares and thus approved a share capital increase for a maximum nominal amount of Euro 69,700 to service the above-mentioned options at a subscription price of Euro 6.05 per share.
For further information, reference should be made to the Dada S.p.A. information document prepared in accordance with article 84-bis, paragraph 5 of Consob Regulation No. 11971 of May 14, 1999 which is also published.
