Approved the extension to 30.06.2017 of the deadline for completion of the capital increase and consequent amendment of Article 5 of the Articles of Association is on the Agenda.

Campodarsego (Padua), 21 December 2016 – The meeting of Shareholders of Carraro SpA, world leader in power transmission systems, has resolved today - under the chairmanship of Enrico Carraro – the extension of the deadline for completion of the capital increase as well amendment of Article 5 of the Articles of Association.

Extension of the completion deadline was considered appropriate following finalisation of the sale of the controlling interest of Elettronica Santerno and the need to make a number of significant changes to the Prospectus, in line with the new scope of consolidation of the Carraro Group.

More specifically, the meeting of Shareholders has resolved to move the deadline for completion of the capital increase, to which to the Group's controlling shareholders have already contributed by paying 34 million euros by way of capital increase on 29 June last, from 31 December 2016 to 30 June 2017.

Go to Press release 21.12.2016