The Extraordinary Shareholders’ Meeting approves the mandate to the Board of Directors to increase the share capital by a maximum of €600 million

Milan, 25 February 2021 - The Extraordinary Shareholders’ Meeting of Autogrill S.p.A. (Milano AGL IM) met today in a single call and approved the proposal to grant the Board of Directors, pursuant to Article 2443 of the Italian Civil Code, a five-year mandate to increase the share capital of Autogrill S.p.A. in one or more tranches, for a consideration, up to a maximum amount of €600 million, including any share premium, by issuing ordinary shares on an pre-emptive right basis to the persons entitled to the option rights pursuant to Article 2441, paragraph 1 of the Italian Civil Code.

The capital increase relating to the required mandate aims at achieving the strategic goals and, in particular, at consolidating the Autogrill Group’s international leadership position. The strengthening of the financial structure of the Group is essential to this purpose, since it will provide additional resources to finance future investments, to continue the Group’s innovation and growth path and to be ready to take advantage of potential market opportunities.

The mandate gives the Board of Directors the power to establish, close to the launch of the offer and subject to the limitations resolved upon by the Extraordinary Shareholders’ Meeting, the terms, conditions and procedures of the capital increase, including the exact number of shares to be issued, the pre-emptive allocation ratio and the issue price.

Subject to market conditions, to the publication of an informative document and to the issuance of the necessary authorisations by the competent authorities, it is currently expected that the capital increase may be completed by the end of the first half of 2021.

For further information, please refer to the minutes of the Shareholders’ Meeting, which will be published according to the terms and procedures provided for by applicable laws and regulations. The summary report of the voting and the amended Articles of Association will also be made available to the public pursuant to applicable regulations.

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Thursday, February 25, 2021 - 11:51