Press Releases
Note, Rome 16 April 2009
BULGARI S.p.A.: Authorization of Acquisition of its Own Shares
Rome, April 16, 2009
The Shareholders’ Meeting of Bulgari S.p.A. (the “Company”) held on April 16, 2009 authorized the acquisition by the Company of a maximum of 30,000,000 of its own ordinary shares, for a period of 18 months, at a price per share of a minimum of 1.5 Euro and a maximum of 10 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 18, 2008 pursuant to which the Company, during the whole 2008, (i) did not purchase ordinary shares and (ii) sold n. 800,000 ordinary shares at an average medium price of Euro 7,9328.