March 30 (Reuters) - Impreger and MFE MFEB.MI:
SAID ON FRIDAY, SHAREHOLDERS' AGREEMENT FOR IMPRESA IMPA.LS PROVIDES FOR LOCK-UP PERIOD OF 3 YEARS FROM DATE OF EXECUTION OF SHAREHOLDERS' AGREEMENT
DURING THAT PERIOD EACH PARTY MAY NOT TRANSFER, DISPOSE, ENCUMBER ITS SHARES OR ACQUIRE SHARES OR ANY RIGHTS CONVERTIBLE INTO SHARES
DURING LOCK-UP PERIOD MFE MAY NOT ACQUIRE OR HOLD SHARES OR INTERESTS REPRESENTING MORE THAN ONE THIRD OF SHARE CAPITAL OR VOTING RIGHTS OF IMPRESA
DURING THAT PERIOD MFE MAY NOT AIM OBTAINING, OR SEEKING TO OBTAIN, CONTROL OVER IMPRESA AND/OR MATERIAL INFLUENCE OVER MANAGEMENT, STRATEGY OR POLICY DECISIONS OF IMPRESA
SHAREHOLDERS' AGREEMENT SHALL HAVE INITIAL TERM OF 10 YEARS FROM DATE OF ITS EXECUTION AND SHALL BE AUTOMATICALLY RENEWED FOR ADDITIONAL PERIODS OF 5 YEARS
PARTIES SHALL MAINTAIN DIVIDEND DISTRIBUTION POLICY APPROPRIATE AND CONSISTENT WITH LEVELS OF INDEBTEDNESS, INVESTMENT NEEDS AND GOOD MANAGEMENT PRACTICES OF GROUP COMPANIES
AT LEAST 50% OF DISTRIBUTABLE PROFIT FOR EACH FINANCIAL YEAR SHALL BE DISTRIBUTED TO SHAREHOLDERS
Source text nFWN3ZY1NY
Further company coverage: IMPA.LS
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