Venezio Investments, which owns Singapore government investment fund Temasek, will become a direct shareholder of Moncler.
Currently, Venice holds approximately 16.843% of the shares in Double R, a financial institution controlled by Moncler CEO Remo Ruffini, and Double R holds approximately 23.721% of Moncler’s share capital.
Double R and Venezio Investments Pte Ltd. (“Venezio”) agree to withdraw Venezio from Double R in accordance with the provisions of Double R’s current articles of association and the investment agreement between Venezio and other quota holders of Double R. announced. R.
In connection with the withdrawal, Double R and Venezio will commence and carry out the relevant procedures in accordance with Double R’s current articles of association and investment agreement, as a result of which Double R will convert the corresponding number of ordinary shares of Moncler into shares of Moncler. will be assigned. Venezio decided accordingly.
The exact amount of Moncler common stock allocated to Venezio will be communicated at the end of the process. Upon such completion, Venezio and Double R will timely fulfill any disclosure obligations required by applicable laws and regulations in connection therewith.
A memo issued by Moncler explains that Venice’s decision to exchange its holdings in Double R for Moncler stock is a natural evolution of its long-term partnership with Moncler.
Also read:
