Società Cattolica di Assicurazione - Società Cooperativa
Registered offices in Lungadige Cangrande 16, Verona, Italy
Tax Code 00320160237 - Enrolled in the Verona Companies' Register under No.
00320160237
Company enrolled in the Register of Co-operative Companies under No. A100378 www.cattolica.it
PRESS RELEASE
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.
SOCIETA' CATTOLICA DI ASSICURAZIONE
CONTACTS
Investor Relations Officer Institutional Communications
Carlo Ferraresi Aldo Canale
Tel. 0039 045 8391202 Tel. 0039 335 620 2116 / 0039 045 8391613
Investor.relations@cattolicaassicurazioni.it aldo.canale@cattolicaassicurazioni.it
1 In accordance with governing regulations, on 22 October 2013, IVASS authorised Cattolica to include a subordinated bond for an amount up to € 100 million in the elements making up the individual and adjusted solvency margin.
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