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Unipol and Premafin modify withdrawal and indemnity, according to Consob indications

As part of the four-way merger with Fonsai and Milano Assicurazioni, Unipol and Premafin modified the agreements, signed in January, on indemnity and right of withdrawal - The new agreement prevents the Ligresti family from being rewarded - Consob's requests satisfied.

Unipol and Premafin modify withdrawal and indemnity, according to Consob indications

Unipol Gruppo Finanziario and Premafin have reached an understanding for the modification of the indemnity agreements and the right of withdrawal, taken at the end of January, implementing the indications provided by Consob in response to the request for exemption from the takeover bid on FonSai and Milano Assicurazioni.

The indemnity agreement is thus limited and applies "exclusively to and in favor of the directors and statutory auditors of Premafin, FonSai, Milan and their respective subsidiaries, in office in the period 2007-2011", who did not hold Premafin shares as at 29 January 2012. In the same way the right of withdrawal will not be granted to the reference shareholders of Premafin.

 The goal of these changes is to prevent the Ligresti family from being protected or even rewarded, thanks to the bailout conducted by Unipol in its favour.

 

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