Shareholders' Meetings
An opportunity for exchange of thoughts with shareholders
The Shareholders' Meeting convenes at least once a year. The Board of Directors endeavours to ensure adequate disclosure to shareholders, so that they may contribute to decisions with full knowledge of the facts.
The Shareholders' Meeting is qualified, in ordinary session, to approve the financial statements, appoint and dismiss Directors and Statutory Auditors, determine their compensation and decide on what is within their jurisdiction in accordance with the law. In extraordinary session, the Shareholders’ Meeting decides on amendments to the deed of incorporation and the Articles of Association, as well as everything that is within their jurisdiction according to legal provisions.
Our Articles of Association establish that, unless otherwise decided by the shareholders at the time of their appointment, the Board of Directors are entitled to, within the legal limits, all the broadest powers for ordinary and extraordinary administration, as well as provision with no limitation. In order to guarantee the proper performance of the Shareholders’ Meeting, its work is not only regulated by the Articles of Association but also by specific Regulations, which were approved by the shareholders in 2007.
Increased voting rights
On April 30th, 2024 Amplifon's Extraordinary Shareholders' Meeting adopted the option for shareholders to request additional voting rights as a means of encouraging a capital structure more supportive of the Company’s further growth path in the long-term at global level. Such option allows shareholders to be granted an additional vote for each share held continuously for at least 24 months from the date of entry on the specific register prepared by the company, and accrue the third vote after a further year from such date and the subsequent votes (i.e., fourth, fifth vote and so on) year by year up to a maximum of 10 votes per share, in accordance with current law and regulations. A specific procedure governs the increased voting rights.
On March 14th, 2025, the number of shares with increased voting rights (two votes for each share) is 95,495,236 out of a total of 226,388,620 shares, which implies a total of 321,883,856 voting rights.
Ampliter S.r.l. is the only majority shareholder which has requested and/or obtained increased voting rights. On March 14th, 2025, Ampliter S.r.l. holds 42.01% of share capital and 59.09% of share capital in voting rights.
Shareholder
|
Ampliter S.r.l. |
Number of shares
|
Ampliter S.r.l. |
95,105,3922 |
% of share capital1
|
Ampliter S.r.l. |
42.01% |
% of share capital in terms of voting rights1
|
Ampliter S.r.l. |
59.09% |
Date of communication
|
Ampliter S.r.l. |
March 14, 2025 |
Date of request
|
Ampliter S.r.l. |
March 27, 2015 |
Registration date3
|
Ampliter S.r.l. |
April 2, 2015 |
Date of vote rights increase
|
Ampliter S.r.l. |
April 2, 2017 |
Table drawn in accordance with Art. 143-quater, paragraph 5 of Consob's Issuers' Regulation.
1 Percentage refers to the share capital at the date of communication.
2 All of which with increased voting rights (2 votes for each share) in accordance with art.13 of the Articles of Association.
3 Registration in the increased voting rigths list of shareholders
