March 23, 2018 / 9:58 AM / 4 months ago

BRIEF-Cattolica Assicurazioni Board Approves New Governance System

March 23 (Reuters) - CATTOLICA ASSICURAZIONI SPA:

* BOARD APPROVES NEW GOVERNANCE SYSTEM

* CONFIRMS THRESHOLD OF SHARE OWNERSHIP FOR THE ADMITTANCE TO THE STATUS OF MEMBER FOR INDIVIDUALS (0.5 PCT)

* RAISES THRESHOLD FOR THE STATUS OF MEMBER FOR LEGAL ENTITIES (5 PCT) AND EXTENDS IT ALSO TO COLLECTIVE ENTITIES AND TO COLLECTIVE INVESTMENT UNDERTAKINGS

* EXCEEDING SUCH LIMIT DOES NOT PREVENT THE HOLDING OF ADDITIONAL SHARES, WITHOUT LOSING THE STATUS OF MEMBER

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Further company coverage: (Gdynia Newsroom)

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