As far as the Shareholders’ Meeting of savings shareholders is concerned this Meeting is convened by the Common Representative of the Company’s savings shareholders, or by the Company’s Board of Directors, whenever they deem it appropriate or when the Meeting is to be convened, as provided for by law.
The special Shareholders’ Meeting of savings shareholders is chaired by the Common Representative of the Company’s savings shareholders or, in his absence, by the person elected with the favourable vote of the majority of the share capital represented at the Shareholders’ Meeting.
Pursuant to the Company Bylaws67 the expenses relating to the organisation of the special category Shareholders’ Meeting and the remuneration of the Common Representative are to be borne by the Company.
The Shareholders’ Meeting of savings shareholders was held on January 31, 2012 and appointed prof. Giuseppe Niccolini (substituting Mr. Giovanni Pecorella) as the Common Representative for savings shareholders referred to the 2012-2014 financial years (with the favourable vote of 99.941% of the category share capital in attendance at the Shareholders’ Meeting). The Meeting also established the respective fee of 15 thousand euro. In addition, the meeting of the savings shareholders’ unanimously approved to establish the fund for the expenses necessary to protect the common interests of the category, anticipated by the Company.
67 Article 6 of the Company Bylaws.