Press Releases
Note, Rome 18 April 2008
BULGARI S.p.A.: Authorization of Acquisition of its Own Shares
Rome, April 18, 2008
The Shareholders’ Meeting of Bulgari S.p.A. (the “Company”) held on April 24, 2007 authorized the acquisition by the Company of a maximum of 15,400,000 of its own ordinary shares, for a period of 18 months, at a price per share of a minimum of 5 Euro and a maximum of 18 Euro, within the limits prescribed by law and in any event up to the maximum amount of the distributable profits and available reserves set forth in the last approved Company’s financial statement.
The reasons for the purchase of the Company’s own shares are the following: (i) to stabilize the shares and their liquidity on the stock market and/or (ii) to establish a portfolio of its own shares which may be utilized to service the issue of convertible shares or warrants and/or (iii) to permit the reduction of share capital through the cancellation of the shares so acquired.
The acquisition of the shares shall take place on the market to ensure the equal treatment of shareholders pursuant to Article 132 of Italian Legislative Decree dated February 24 1998, n. 58, in accordance with the Rules of the Markets organized and managed by Borsa Italiana.
Such authorization revokes the previous one granted at the Shareholders’ Meeting held on April 24, 2007.