The shareholders ‘ meeting of Rcs gives way to the era of Urban Cairo – The Republic

MILAN - The assembly Rcs has appointed the new board of directors “weblog” Urbano Cairo after you have approved the enlargement of the board to 11 members. The publisher of alexandria is confirmed as president. Elected in the majority list, Gaetano Arms, who will be vice-president, Marco Pompignoli, Stefano Simontacchi, Stefania Petruccioli, Maria Capparelli, Alessandra Dalmonte. For minorities entering the Diego Della Valle, Marco Tronchetti Provera, Carlo Cimbri, and Veronica Gava: the minority shareholders abstained from voting on the appointment of Cairo to the president. Are present, in person or by proxy, 211 shareholders, in representation of the 85,45% of the share capital.

At the beginning of the work, the majority shareholder Cairo Communication has proposed to surprise a board of directors consisting of 11 members, against expectations for a board of 9 members, 6 of which are an expression of Cairo and 3 of the minority. Approved the proposal – despite the contrary vote of the minority, the council entered 7 directors to Cairo, and 4 for the minorities. The publisher has also proposed to limit to 350 thousand euros total remuneration of the board, a little more than 300 thousand euro of the request filed by the minorities in the past few days.

“For the industrial plan, it still takes a bit of time, the ideas I have, give me a few more week,” explains Cairo. With regard to the performance of the auditors has pointed out: “you are not Mandrake”. To those who asked for information: “The trend is the effect of the decisions you take in the previous quarter.” “We’re working hard,” he added, explaining that he had “seen things quite bizarre” as the same service provided to 16 thousand euro, to the Cairo comunication, while the Rcs was in the account to 144 thousand euro. With regard to the merger between the two publishing groups, which Cairo said it is still early and that he had already said that it will take 12-24 months to study this possibility. To those who wondered if the Rcs group, which requires a capital increase, the publisher replied that “this is something that you do like last resort” and that to the shareholders in Rcs, including capital increases and the conversion of savings shares into ordinary shares, was asked for 450 million euros.

For the minority list, submitted by Diego Della Valle, Mediobanca, and UnipolSai, Pirelli, and Imh, have then entered the same Valley, Marco Tronchetti Provera, Carlo Cimbri, and Veronica Gava. From the reading of the book of shareholders, it emerged that Cairo holds the 59,83% of the share capital Diego Della Valle of the 7,32%, Mediobanca 6%, Finsoe (Unipol) 4.6%, and ChemChina (Pirelli) or 4.43%. Below 3%, Imh (the consortium that had launched the Takeover bid competitor in Cairo) has the 2,17%. The pact that binds the historical shareholders of the publishing group brings together so 24.7% of the share capital. In the meantime, the title is light in the Bag, a tough day for the whole of the market in milan.

Topics:

Rcs

Cairo Communication

Starring:

urban cairo