I M A Industria Macchine Automatiche S p A : IMA’s Board of Directors approves the merger of the wholly owned subsidiary Corazza S.p.A.

Press release

Bologna, 16 October 2020

IMA's Board of Directors approves the merger of the

wholly owned subsidiary Corazza S.p.A.

The Board of Directors of IMA S.p.A., world leader in the production of automatic packaging machines, met today under the chairmanship of Alberto Vacchi and approved the absorption of Corazza S.p.A., a directly and wholly owned subsidiary, by IMA S.p.A. after a similar decision was made by the Shareholders' Meeting of Corazza S.p.A.

Today's resolution, resulting from a public deed pursuant to art. 2505 of the Italian Civil Code, was adopted by the Board of Directors of IMA S.p.A., as no requests were submitted by the shareholders for the resolution to be adopted by the Shareholders' Meeting, and it follows the approval of the merger plan on 11 September 2020.

This merger, which will help simplify the corporate structure of the IMA Group and optimise management of its internal cash flow, is excluded from being considered a related party transaction as envisaged by art. 14 of Consob's Regulation and art. 5 of the procedure adopted by IMA.

The absorption of this company is not considered particularly significant, as it is between IMA S.p.A. and a directly or indirectly controlled subsidiary that already falls within the scope of consolidation.

The merger formalities will be completed before the end of the current year and will take effect from 1 January 2021.

It should be noted that the minutes of the resolutions adopted will be made available to the public within the terms and in the manner prescribed by the applicable laws and regulations.

Founded in 1961, IMA is a world leader in the design and manufacture of automatic machines for the processing and packaging of pharmaceuticals, cosmetics, food, tea and coffee. The Group has approximately 6,200 employees, of which approximately 2,400 abroad, and has 45 production plants in Italy, Germany, Switzerland, the United Kingdom, the United States, India, Malaysia, China and Argentina. IMA has an extensive sales network consisting of 29 branches with sales and service in Italy, France, Switzerland, the United Kingdom, Germany, Austria, Spain, Poland, Israel, Russia, the United States, India, China, Malaysia, Thailand and Brazil, representative offices in Central and Eastern European countries and more than 50 agencies covering a total of approximately 80 countries. IMA S.p.A. has been listed on the Italian Stock Exchange since 1995 and in the STAR segment since 2001. The following industrial companies are part of the Group: Atop S.p.A., Benhil GmbH, Ciemme S.r.l., Co.ma.di.s. S.p.A., Corazza S.p.A., Delta Systems & Automation Inc., Eurosicma S.p.A., Eurotekna S.r.l., Ilapak International SA, Ilapak Italia S.p.A., Ilapak (Beijing) Packaging Machinery Co. Ltd., IMA Automation Malaysia Sdn. Bhd., IMA Automation Switzerland SA, IMA Automation USA Inc., IMA Life North America Inc., IMA Life (Beijing) Pharmaceutical Systems Co. Ltd., IMA Life (Shanghai) Pharmaceutical Machinery Co. Ltd., IMA MAI S.A., IMA North America Inc., IMA-PGIndia Pvt. Ltd., IMA Swiftpack Ltd., Perfect Pack S.r.l., Petroncini Impianti S.p.A., PharmaSiena Service S.r.l., Record S.p.A., Spreafico Automation S.r.l., Tecmar S.A., Teknoweb Converting S.r.l., Telerobot S.p.A., Tissue Machinery Company S.p.A., Valley Tissue Packaging Inc.

For more information:

Andrea Baldani - Investor Relator - tel. [phone] - e-mail:[e-mail]

Maria Antonia Mantovani - Press Office - tel. [phone] - e-mail:[e-mail] www.ima.it(Investor Relations section)

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