TREVI - FINANZIARIA INDUSTRIALE S.P.A. Cesena, July 29th, 2016 - Implementing the resolution through which the Shareholders' Meeting approved on May 13rd, 2016 a plan to grant ordinary shares free of charge (the "2016 Stock Grant Plan"), today, the Board of Directors of Trevi - Finanziaria Industriale S.p.A. (the "Company") approved the 2016 Stock Grant Plan Regulation and resolved, with the favourable opinion of the Nominations and Remuneration Committee, to: (i) start the implementation of the 2016 Stock Grant Plan, adopting all the necessary measures as provided for by the relevant Regulation; (ii) to assign in total no. 444.841 rights entitling to receive an equal number of ordinary shares of the Company free of charge, at the terms and conditions set forth by the 2016 Stock Grant Plan Regulation, identifying the relevant beneficiaries among the permanent employees and/or the directors with specific responsibilities within the Company or the companies it controls under Article 2359 of the Italian Civil Code (the "Subsidiaries" and, together with the Company, the "Group") and (iii) grant to Stefano Trevisani Managing Director and Gianluigi Trevisani Executive Vice President, any necessary powers in order to give implementation to the Plan.
The Plan aims to promote the loyalty of the directors and employees of the Company and its Subsidiaries who hold key positions and are, therefore, more directly responsible for the corporate results and to motivate them to remain within the Group with a view to, among others, align the interests of the beneficiaries of the 2016 Stock Grant Plan with the overarching aim of creating shareholders' value over the medium/long-term.
For a brief description of the reasons which determined the approval of the 2016 Stock Grant Plan and its essential elements please refer to the press release of April 11th, 2016 issued pursuant to art. 84-bis, paragraph 3, of the Regulation adopted by Consob with resolution no. 11971 of May 14, 1999 (the "Regulation for Issuers") and the Information Document drawn up pursuant to art. 84-bis of the Regulation for Issuers, both available on the Company's website.
It is attached thereto the table no.1 Scheme no. 7 of Annex 3A of the Regulations for Issuers.
About Trevi Group:Trevi Group is a worldwide leader in the field of soil engineering (special foundations, tunnel excavation, soil consolidation and the building and marketing of special rigs and equipment relevant to this engineering sector); the Group is also active in the drilling sector (oil, gas and water) both in the production of plant and the supply of services, and it also builds automated underground car parks. The Group was established in Cesena in 1957 and today has more than 30 branches and is present in over 80 countries. Its success is due to the vertical integration of the main divisions making up the Group: Trevi, the division that supplies special services in the field of soil engineering, Petreven, the oil drilling division of the Group, Soilmec, the division that produces and develops plant and machinery for soil engineering and Drillmec the division that produces and develops drilling rigs (oil, gas and water).
The parent company TREVI - Finanziaria Industriale Spa has been listed on the Milan stock exchange since July 1999. The key financial figures for 2015 are: Total revenues of €1,342.3 million, EBITDA of €8.9 million (margin of 0.7%), a negative EBIT of €87.8 million, and a Net Loss of €115.2 million. More information can be found on the website: www.trevifin.com.
For further information:Investor Relations: Daniele Forti 0547 319 311 investorrelations@trevifin.com
COMPENSATION PLANS BASED ON FINANCIAL INSTRUMENTS Table no. 1 of scheme 7 of Annex 3A to Regulation no. 11971/1999Name and surname or category | Office | BOX 1 | ||||||
Financial instruments other than stock option | ||||||||
Section 2 New Assignment instruments on the basis of the decision of Shareholding Meeting | ||||||||
Date of meeting resolution | Type of financial instruments | Number of financial instruments assigned | Assignment date | Instrument purchase price | Market price at the time of assignment | Vesting Period | ||
DANIELE FORTI | Corporate Chief Financial Officer TREVI - Fin. Ind. S.p.A. | May 13, 2016 | Stock Grant | 85.592 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
PIO FRANCHINI | Corporate Organization Director - TREVI - Fin. Ind. S.p.A. | May 13, 2016 | Stock Grant | 28.133 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
ANTONIO ARIENTI | General Area Manager - TREVI S.p.A. | May 13, 2016 | Stock Grant | 28.133 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
LEONARDO BISERNA | General Area Manager - Trevi S.p.A. | May 13, 2016 | Stock Grant | 42.626 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
ANDREA ACERBI | General Area Manager - Trevi S.p.A. | May 13, 2016 | Stock Grant | 34.101 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
ALBERTO MERONI | Division CFO - Trevi S.p.A. | May 13, 2016 | Stock Grant | 24.552 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
CLAUDIO CICOGNANI | General Manager - Drillmec S.p.A. | May 13, 2016 | Stock Grant | 64.450 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
PAOLO MANZATO | Division CFO - Drillmec S.p.A. | May 13, 2016 | Stock Grant | 17.050 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
RICCARDO LOSAPPIO | General Manager - Soilmec S.p.A. | May 13, 2016 | Stock Grant | 46.888 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
MARCO CASADEI | Division CFO - Soilmec S.p.A. | May 13, 2016 | Stock Grant | 25.575 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
FABIO MARCELLINI | General Manager - Petreven S.p.A. | May 13, 2016 | Stock Grant | 31.373 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
DANILO PERON | Division CFO - Petreven S.p.A. | May 13, 2016 | Stock Grant | 16.368 | July 29 2016 | Free | 1,173 | From July 29, 2016 until December 31, 2018 |
Trevi Finanziaria Industriale S.p.A. published this content on 29 July 2016 and is solely responsible for the information contained herein.
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