(Alliance News) - Sebino Spa announced Friday that the transfer of an 85.33 percent stake in the share capital of Sebino Spa to Sebino Holding Spa, a company in turn indirectly controlled by Seta Holding SA, was finalized with the closing procedures, as stipulated in the preliminary sale and purchase agreement signed on April 4, 2023.

As a result of the above, Sebino's board of directors, held on May 19, 2023, acknowledged the resignations of board chairman Franco Amigoni and Simona Barbu.

The same board appointed board member Davide Jarach as new chairman and co-opted Jean Francois Aron and Fabrizio Rescigno as new board members, assigning the latter as vice chairman.

Enrico Sauro and Marco Birolini also resigned as standing auditors, replaced by alternate auditors Gian Paolo Covati and Federico Della Chiesa.

Sebino closed Friday in the green by 0.3 percent at EUR7.08 per share.

By Chiara Bruschi, Alliance News reporter

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