(Alliance News) - doValue Spa has announced that Avio Sarl and Sankaty European Investments Sarl have signed a shareholders' agreement concerning the resignation of a director from the board of directors afferent to Fortress' list; the proposed appointment by co-optation of a new director indicated by Bain Capital at the first useful meeting of the board of directors; and cooperation to reach agreement on a joint list by Fortress and Bain Capital to be presented for the next appointment of corporate bodies.

Avio and Sankaty European Investments are vehicles belonging respectively to funds managed by Fortress and Bain Capital and holders of 20.0 million and 10.8 million doValue shares respectively corresponding to a 25% and 14% stake in the company.

The shareholders' agreement has a total of 33.4 million shares corresponding to about 42% of the company's share capital and will end on the earliest date between 30 days before the deadline for submission of the list of candidates for the board of directors and board of statutory auditors without the parties having agreed

for a joint list and the conclusion of the shareholders' meeting to appoint the corporate bodies.

doValue on Tuesday closed in the green by 0.4 percent at EUR4.14 per share.

By Chiara Bruschi, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.