Cattolica Assicurazioni Shareholders' Meeting
Awarded of Auditing Mandate for the financial years 2021- 2029 to BdDI Italia S.P.A
Verona, 23 December 2021. The Ordinary Shareholders’ Meeting of Cattolica Assicurazioni was held today in Verona, under the chairmanship of Davide Croff.
In view of the emergency related to the COVID-19 epidemic and for the purposes of maximum protection and security of shareholders, and in accordance with the provisions of the “Cura Italia” Decree and more specifically pursuant to Article 106, paragraphs 4 and 6, of Legislative Decree No. 18 of 17 March 2020, the General Meeting was held through the Appointed Representative (Computershare S.p.A.) to whom the shareholders delegated power, pursuant to and in accordance with Legislative Decree no. 58 of 24 February 1998, containing voting instructions on the matters on the agenda.
Award of statutory audit mandate:
- consensual early termination of the current mandate with PricewaterhouseCoopers S.p.A.;
- award of a new mandate for financial years 2021-2029 to a new auditing company;
- determination of the consideration payable to the new auditing company.
A total of 119 shareholders attended the meeting, through the Designated Representative.
The Shareholders’ Meeting, with the majority of approximately 87.75% of those entitled to vote, approved the consensual early termination of the statutory audit mandate conferred on June 27, 2020 to PriceWaterHouseCoopers S.p.A. for the years 2021 - 2029, based on the opinion on the matter formulated by the Management Control Committee.
The consensual termination was necessary because, on 5 November 2021 and following the tender offer promoted by Assicurazioni Generali S.p.A., the latter achieved legal control over Cattolica Assicurazioni. The acquisition of control, in fact, led to a situation of incompatibility for PricewaterhouseCoopers S.p.A. connected to services in progress by the auditing company and entities belonging to the related network in favour of Generali and the related group, the occurrence of which was promptly communicated by PricewaterhouseCoopers S.p.A. to Cattolica Assicurazioni.
Due to the early termination of PricewaterhouseCoopers SpA’s mandate, the Shareholders' Meeting also approved, with a majority of approximately 87.75% of those entitled, the appointment of the auditing company BDO Italia SpA as statutory auditor of the Company for the nine-year period 2021-2029 and the related annual fee proposed. As required by the relevant regulations, the resolution of the Sharehodlers’ Meeting was taken on the basis of the recommendations expressed by the Management Control Committee, following the selection procedure carried out pursuant to art. 16 EU Regulation 537/2014.
This will be followed, in accordance with the law, with the publication of the summary report of the outcome of the votes and the minutes of the meeting.