The authorization is requested to enable the Company to acquire a portfolio of treasury shares, considering this to be a strategic investment capable of producing added value for shareholders, and also to serve any share incentive schemes. The purchases will be made in markets regulated, organized and managed by Borsa Italiana S.p.A. and in accordance with its procedures.
The Company does not currently hold any treasury shares. The Shareholders' Meeting was convened at Ponzano for 24 and 28 April, respectively the first and second call.
Finally, the Board approved the Corporate Governance Report relating to the 2007 financial year, prepared in compliance with the Experimental Format recently proposed by Borsa Italiana.