Brief: Danieli Says Extraordinary Dividend Not Distributed As Savings Share Conversion Failed To Be Approved

Danieli & C Officine Meccaniche SpA

16/02/2021 07:12

Feb 16 (Reuters) - Danieli & C Officine Meccaniche SpA
 DANI.MI :
    * SAID ON MONDAY DISTRIBUTION OF EXTRAORDINARY DIVIDEND OF
EUR
1.20 PER SHARE WAS EXPECTED ONLY AFTER APPROVAL OF CONVERSION OF
SAVINGS SHARE INTO ORDINARY SHARES 
    * CONVERSION APPROVAL REQUIRED BOTH ORDINARY AND
EXTRAORDINARY
SHAREHOLDERS MEETINGS TO VOTE IN ITS FAVOUR 
    * AS THE CONVERSION WAS NOT APPROVED, RIGHT OF WITHDRAWAL
WAS NOT
GENERATED FOR SAVINGS SHAREHOLDERS AND DISTRIBUTION OF
EXTRAORDINARY DIVIDEND WAS NOT ALLOWED 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1g29P6
    
 Further company coverage:  DANI.MI  
   


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