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07 Mar 2007

Bulgari S.p.A. board of directors to convene the AGM


PRESS RELEASE PURSUANT ART. 66 OF CONSOB REGULATION N. 11971/1999 IMPLEMENTING THE PROVISIONS ON ISSUERS OF LEGISLATIVE DECREE 58 OF 24 FEBRUARY 1998

Today, March 7th, 2007, the Board of directors of Bulgari S.p.A. resolved to submit to the approval of the Ordinary Shareholders meeting of Bulgari S.p.A. the renewal of the term of the mandate already granted to KPMG S.p.A., pursuant the provision of art. 155 TU 58/ 1998, as modified by art. 8 of the legislative decree n. 303 of December 29th 2006, to perform the auditing of the Bulgari S.p.A. and Bulgari Group consolidated financial statements for the years 2009, 2010 and 2011.

The Board of Directors further resolved to submit to the approval of the Extraordinary Shareholders Meeting of the Company (i) the proposal to amend the Company s by-laws for reasons of new rules introduced by law 262/ 2006, so called Provisions for the protection of savings and the regulation of financial markets as well as (ii) the amendment to certain extraordinary shareholders minutes of the Company in order to extend the last term granted to employees of the Company and of the Group as well as to the Company s Chief Executive Officer to underwrite shares pursuant the different stock options plans.

Finally, the Board of Directors has contextually given power to its President, Mr. Paolo Bulgari, and to its Chief Executive Officer, Mr. Francesco Trapani, severally, to convene the Ordinary and Extraordinary Shareholders Meeting of the Company on April 24th, 2007 at 11 a.m., on first call, and on April 27th, 2007 same time, on second call, at hotel Visconti in Rome, Via Federico Cesi n.37, with the following Agenda:

Ordinary Seat

  1. Group consolidated financial statement at December 31, 2006 and Bulgari S.p.A financial statement at December 31st, 2006; report of the Board of Directors on performance at December 31st, 2006, allocation of net income; consequent and related resolutions;
  2. Appointment of the members of the Board of Directors for the years 2007, 2008 and 2009 and approval of their remuneration; consequent and related resolutions;
  3. Authorisation to the Company to purchase and sale its own shares, also by means of the use of put and call options; consequent and related resolutions;
  4. Renewal of the term of the mandate already granted to KPMG S.p.A., pursuant art. 155 TU 58/ 1998 as modified by art. 8 of the legislative decree n. 303 of 29 December 2006, to perform the auditing of the Bulgari S.p.A. and Bulgari Group consolidated financial statements for the years 2009, 2010 and 2011 as well as the limited auditing of semi-annual accounts reported to the same years;
  5. Corporate Governance annual report.

 Extraordinary Seat

  1. Amendments and/ or integrations to articles: 6, 9, 12, 15, 16 and 17 of the Company s by - laws as requested by Law No. 262/ 2005 ( Provisions for the protection of savings and the regulation of financial markets );
  2. Proposal to amend the minutes of the extraordinary shareholders meeting dated as of April 10th, 1996 - as subsequently amended and of April 29th, 2003 concerning the stock option plans reserved to employees of the Company and of the Group, pursuant art. 2441 c.c. of the Italian Civil Code;
  3. Proposal of modification of the minutes of the extraordinary shareholders minutes dated as of April 30th, 1998, April 29th, 202 and April 28th, 2005 as subsequently modified, concerning the stock options plans reserved pursuant art. 2441 co.5, c.c.- to the Chief Executive Officer of the Company, Mr. Francesco Trapani.