Corporate governance

Pursuant to the AIM Italia/Alternative Investment Market By-laws and Issuers Regulation, whoever comes into possession of the financial instruments of Italian Wine Brands S.p.A. approved for trading on the AIM Italia/Alternative Investment Market at or above the threshold established by the AIM Italia/Alternative Investment Market Issuers Regulation, must promptly notify the Board of Directors by registered letter, return receipt requested, sent in advance by fax to the number +39 02/7214231.

In particular, the notification is required when reaching or exceeding the thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 50%, 66.6%, and 90% of the share capital with voting rights of Italian Wine Brands S.p.A., and when falling below the cited thresholds (“Significant Shareholding”).
The reaching or exceeding of a Significant Shareholding represents a “Substantial Change” that must be communicated by the Shareholders to Italian Wine Brands S.p.A. within five (5) days of the trade, starting from the date of completion of the action or event that caused the obligation to arise, independent of the date of execution, in accordance with the terms and procedures set forth by the Transparency Regulations.

The communication of the “Substantial Change” must identify the shareholder, nature and amount of the holding; the date on which the shareholder purchased or sold the percentage of share capital that led to a “Substantial Change,” or the date on which the percentage of the holding underwent an increase or decrease with respect to the thresholds set by the Regulation.

For that purpose, we invite the Shareholders to use the notification forms and the relevant instructions in Annex 4 (Ownership Structures) of the Regulation issued by the Italian Stock Exchange Authority (CONSOB) by resolution No. 11971 of 1999, while specifying that the references contained therein to regulated markets or to listed companies must be understood as references to multilateral trading systems.