- The shareholder’s general meeting approved the cut to number of members of the Board of Directors

- A capital increase for Carraro SpA was agreed through the business transfer of the Agritalia company

Campodarsego (Padua), 23rd of December 2009. The ordinary and extraordinary Shareholder’s meeting of Carraro SpA, world leader in power transmission systems, took place today chaired by Mario Carraro. 

More specifically the meeting approved the cut to the number of members of the Board of Directors following the resignation of member of the BoD itself.  Therefore the number of directors is now 10 instead of 11.

The Extraordinary part of the Meeting agreed to an increase in Company Capital for Carraro SpA, from 21,840,000 Euro to 23,914,696 Euro, with the issue of n. 3,989,800 ordinary shares to be underwritten by the Agritalia SpA company to be freed through the business transfer of the company previously managed on a loan agreement by Carraro SpA.

The investment prospectus will be available to the public at the Carraro SpA main offices, on the websites www.carraro.com and Borsa Italiana SpA, as required by art.  71-bis of Consob regulations n. 11971/1999 within fifteen days of the business transfer.