The Cattolica Board of Directors has authorised the issue of a subordinated bond
Verona, 11th December 2013
Pursuant to Article 2410 of the Italian Civil Code, the Board of Directors of Cattolica Assicurazioni has formally authorised the issue of a subordinated bond, for a maximum total value of € 100 million1 and granted the Chairman and Managing Director, separately, the powers to proceed with implementing the aforementioned authorisation.
The bond will be reserved for qualified investors and will be listed on a regulated market. The transaction’s objective is to strengthen Cattolica’s financial position, in consideration of the planned acquisition of Fata Assicurazioni.
The text of the resolution adopted by the Board of Directors will be made available to the public at the Company’s registered office and on its website (www.cattolica.it) according to the deadlines envisaged by governing regulations.