Press Releases
Note, Rome 12 May 2009
Pursuant to the combined provisions of articles 66 and 84 bis of the Regulation implementing Legislative Decree no. 58 of 24 February 1998, concerning the regulation of issuers
Reference is made to the compensation schemes based on the Bulgari shares implemented in the past as well as to the Information Document published by the Company on September 16th 2007 to inform that, last May 12th, 2009, the board of directors of Bulgari S.p.A. resolved, inter alia, and with the prior consent of the Remuneration Committee to:
a) To assign to certain amongst the employees of the Company and of the Group n. 1.550.000 options arising from the share capital increases resolved by the Extraordinary Shareholder Meeting of April 10th, 1996 and of April 29th, 2003 confirming to the Chief Executive Officer the mandate to determine the beneficiaries of the Options, the number of the Options to be granted within the maximum number authorised and the price, for each share to be issued as a result of the exercise of the Options, in an amount not lower to the so called Normal Value.
b) To assign to the Chief Executive Officer n. 600,000 options arising from the share capital increases resolved by the Extraordinary Shareholder Meeting of April 28th, 2005 and April 18th, 2008, confirming to the President the mandate to determine the price of each share to be issued as a result of the exercise of the Options in the greater between the Normal Value and the price of Euro 3,02 determined by the Board of Directors mainly taking into account the course of the share quotation during last semester as well as the value of the Company’s net asset as of 31 December 2008.
The recipients of the Options, the date of related resolution adopted by shareholders, the date in which the competent body granted the Options, the strike price, the market price and the number of financial instruments underlying the Options will be specified once the letter granting the Options have been delivered and countersigned by the recipients.
This press release is prepared in accordance to rule 84-bis, paragraph 5(a) of the Regulation implementing Legislative Decree no. 58 of 24 February 1998, concerning the regulation of issuers.
For any other detail not expressly discussed in this document reference should be made to the Information Document and to the relevant press releases already published and available on http://ir.bulgari.com/bulgarigroup/pressreleases/