Masi Agricola SpA, a company listed on Euronext Growth Milan and among the Italian leaders in the production of premium wines (“ Masi ” or “ Company ”), informs that the extraordinary shareholders' meeting held in person, at the Tenuta Serego Alighieri, with a participation of over 94.756% of the share capital, approved today:
by a large majority of the shareholders present at the Meeting, equal to 84.748% of Masi's share capital (89.439% of the shares represented at the Meeting), the adoption of the status of benefit company and the modification of the art. 3 of the Articles of Association in order to integrate the corporate purpose with further activities aimed at common benefit, linked to the promotion of the growth of its people, the promotion and valorisation of the Company's products, the promotion of Venetian Culture, the protection, care and to the recovery of the landscape heritage, the territory and the environment;
by a large majority of the shareholders present at the Meeting, equal to 84.385% of Masi's share capital (89.055% of the shares represented at the Meeting), the adoption of the one-tier administration and control model, a system which is more functional to Masi's needs and to support its strategic and growth objectives, as well as encouraging engagement with shareholders and other stakeholders , as characterized, given the coincidence of administration and control functions in a single body, by a simplification of the organizational structure, decision-making processes and monitoring and related information flows, as well as greater efficiency of management and controls;
by a large majority of the shareholders present at the Meeting, equal to 84.385% of Masi's share capital (89.055% of the shares represented at the Meeting), the modification of the voting mechanism applicable for the appointment of the Board of Directors which consists of an innovative voting system based, not on the presentation of blocked lists, but on the presentation - by shareholders who, alone or together with other shareholders, are overall holders of shares representing at least 7.5% or of the outgoing board of directors - of candidate proposals , on each of which - i.e. on every single candidate proposed - the Assembly proceeds to express its vote;
by a large majority of the shareholders present at the Meeting, equal to 84.385% of the share capital of Masi (89.055% of the shares represented at the Meeting), some statutory amendments with a view to optimizing and rationalizing certain organizational and operating rules of the Company, as well as for the purpose to implement some indications provided by Borsa Italiana SpA, for the details of which please refer to the explanatory report of the Board of Directors made available to shareholders in the manner and within the terms of the law.
The resolutions adopted today by the Assembly are part of the " Masi Green Governance" sustainability project developed by the Company for the implementation of a more efficient governance system in line with the best international standards (" Masi Green Governance Project " or “ MGG ”).
More specifically, the Masi Green Governance Project allows Masi to continue in the search for full sustainability by starting a process of integrating ESG factors into decision-making processes - through the modification of its corporate purpose - and in the governance structure itself - through the transition to monistic model.
