The Shareholders’ Meeting is the body which expresses the shareholders’ will and decisions taken in such meetings, in compliance with the law and the Articles of Association, are binding on all shareholders.

The Shareholders’ Meeting, in its ordinary and extraordinary sessions, has the power to pass resolutions on all the issues provided for by the law and the Articles of Association.
Specifically, the Ordinary Shareholders’ Meeting shall appoint and revoke Directors, statutory auditors and independent auditors, establishing their respective compensation. It shall approve the yearly financial statements, express its opinion on the remuneration policy applied to the Managing Director, to the General Manager and to all key managers. The Extraordinary Shareholders’ Meeting shall approve changes in the Articles of Association if the Board of Directors is not entitled to do so, and extraordinary transactions such as share capital increases, mergers and demergers.

The Ordinary Shareholders’ Meeting shall be held at least once a year, no later than one hundred and twenty days after the end of the financial year or, at the latest, no later than one hundred and eighty days from the same where required by specific needs, in the opinion of the Board of Directors and if legal requirements are met.

The right to participate and of representation in the Shareholders’ Meeting are governed by law, specifying that for participation in the Shareholders’ Meeting, the Company must receive by the third trading day prior to the meeting the notice issued by enabled intermediaries certifying the share ownership based on the evidence pertaining to the end of the accounting day of the seventh trading day prior to the date set for the Shareholders’ Meeting on first call. Nonetheless, those entitled may participate and cast their votes if the notice is received by the Company after the above deadline but before the start of the Shareholders’ Meeting of the specific call.