Amendments to the Articles of Association
THE AMENDMENTS TO THE ARTICLES OF ASSOCIATION BECOME EFFECTIVE, BROADENING AMCO’S BUSINESS PROSPECTS AND ENSURING GENDER BALANCE IN CORPORATE BODIES
CONFIRMATION OF THE BOARD OF STATUTORY AUDITORS
- AMCO will be able to offer guarantees on synthetic securitisations for Stage 2 loans
- At least two-fifths of AMCO’s directors and statutory auditors will be of the least represented gender within their respective corporate bodies
- Confirmation of the current composition of the Board of Statutory Auditors
Milan, 28 April 2021. AMCO S.p.A. announces that the amendments to the articles of association approved by the General Meeting have become effective and that the Board of Statutory Auditors has been appointed.
The first amendment to the articles of association will allow AMCO to carry out synthetic securitisations of performing loans classified as “Stage 2” (sub investment grade). This opens-up new business prospects for AMCO, that will complete in the coming months the organisational set-up to adapt procedures supporting the new operations.
The second amendment to the articles of association proves AMCO’s strong focus on gender balance in the company’s governance, requiring at least two-fifths of the appointed directors and statutory auditors to be of the least represented gender within their respective corporate bodies.
The General Meeting also confirmed the Board of Statutory Auditors for the next three years, composed of the Chairman Mr. Giampiero Riccardi and the Statutory Auditors Mr. Giovanni Battista Lo Prejato and Ms. Giuseppa Puglisi; it also confirmed as Substitute Auditors Mr. Maurizio Accarino and Ms. Delia Guerrera.
