BOARD AUTHORISES UPSTREAM MERGER OF MOTO GUZZI INTO AND WITH PIAGGIO The Board of Directors of Piaggio & C. S.p.A. and the Board of Directors of Piaggio’s wholly owned subsidiary Moto Guzzi S.p.A. have authorised, pursuant to art. 2505, paragraph 2, of the Italian Civil Code and the two companies’ respective by-laws, the procedure for the upstream merger of Moto Guzzi into and with Piaggio, as proposed by the Boards of Directors of the two companies on 31 July 2008.
Shareholders approve buy-back plan The shareholders of Piaggio & C. S.p.A. have approved the ordinary share buy-back and disposal plan, as proposed by the Board of Directors on 7 May 2008.
Correction With reference to the Piaggio Q1 2008 press release, the last sentence of the paragraph headed 'Net debt' should read: "At 31 March 2007, net debt stood at € 344.8 million"
07 May 2008
APPROVAL FOR 2007 FINANCIAL STATEMENTS The Piaggio & C. S.p.A. Shareholders' Meeting held today in Milan approved the parent company and Group figures for financial year 2007 as presented by the Board of Directors and published last 7 March.
Piaggio Group: Majority of banks exercise Piaggio & C. S.P.A. 2004-2009 Warrants With reference to the Piaggio & C. S.p.A. 2004-2009 warrants issued as part of the Piaggio acquisition of Aprilia S.p.A., Piaggio said that compliantly with the warrant regulation almost all of the banks holding the warrants in question had exercised their warrants.
07 March 2008
Piaggio Group approves 2007 draft financial statements At a meeting today in Milan chaired by Roberto Colaninno, the Board of Directors of Piaggio & C. S.p.A. examined and approved the 2007 draft financial statements to be presented to the Shareholders’ Meeting convened for 28 April and 7 May on first and second call respectively.
