by Verità&Affari editorial team
(Teleborsa) – Double R and Venezio Investments announce the withdrawal of Venezio from Double R in compliance with the provisions of the current statute of
Double R as well as the investment agreement signed between Venezio and the other shareholders of Double R.
To date, Venezio holds a stake equal to approximately 16.843% of the capital of Double R, while Double R in turn holds approximately 23.721% of the share capital of Moncler.
For the purposes of withdrawal, Double R and Venezio will initiate and execute the relevant procedure provided for by the current Double R statute and the Investment Agreement, upon completion of which Double R will assign to Venezio a number of Moncler ordinary shares determined in accordance to the above procedure.
New projects in sight
The exact number of Moncler ordinary shares that will be assigned to Venezio will be communicated at the conclusion of the procedure established by the current Double R statute and the Investment Agreement. Following the completion of this assignment, Venezio and Double R will promptly fulfill any advertising obligations that may be required by the applicable provisions of law and regulation.
Venezio’s decision to convert its stake in Double R into Moncler shares – we read in a joint note – is the natural evolution of this long-term partnership with Moncler. Venezio will become a direct shareholder of Moncler and “is excited about the opportunities that will arise in the future. The journey continues,” concludes the note.
(Foto: © TEA/123RF)