Illegal influence on the Cattolica shareholders' meeting is the hypothesis of accusation from the Verona prosecutor's office concerning the top management of the insurance company dealing with a corporate and industrial operation with Generali. All the details
Consob and the public prosecutor's office of Verona investigate three assemblies of Cattolica Assicurazioni and send the Guardia di Finanza to seize documentation and notify the company's top management of the guarantee information.
WHAT THE BOW ON CATTOLICA HAS REVEALED
The accusation – according to what Ansa revealed yesterday – is that of unlawful influence on the assembly that concerns three different meetings, the first of April 2019, the second of June 2020, the third of Friday, when the 70.7 per cent of the shareholders voted in favor of the transformation into Spa, opening the doors wide on Generali's arrival.
THE ACCUSATION HYPOTHESES
Regarding the first two, Il Sole 24 Ore recalled today, to comply with the provisions to deal with the pandemic from Covid-19 , the meetings were "managed" by the independent representative, in this specific case Computershare, to verify the vote and the proxies.
GDF AT WORK
The Guardia di Finanza has notified some company representatives of the guarantee information on the hypothesis of "unlawful influence on the shareholders' meeting". The offense occurs when the collection of votes and proxies does not take place correctly.
Three guarantee notices were sent to the chairman of the board of directors Paolo Bedoni, to the general manager Carlo Ferraresi, as head of the company, and to the secretary of the board of directors Alessandro Lai.
WHO WORKS IN THE INVESTIGATIONS
In the investigation, which was entrusted to the substitute prosecutor Alberto Sergi and head of the prosecutor Angela Barbaglio, there are also two other suspects.
THE RECONSTRUCTION OF THE 24 HOUR SUN
Everything would have been born – according to the reconstruction of the Sole 24 Ore – downstream of a rather detailed exposition in Consob: “Exposed that would concern the assembly of last year which had on the agenda the renewal of the council bodies and which saw the presentation of a single list after the sudden withdrawal of a second list of candidates. A few days after the deadline expired, some key subjects on the second list, by withdrawing their candidacy, made it impossible to offer an alternative option to the one promoted by the board at the time in office (at the helm there was still the ex ceo Alberto Minali). On the basis of this complaint, investigations would have been initiated that would have led to the acquisition of documents ".
THE CATHOLIC POSITION
In the note released yesterday, Cattolica reiterated "the absolute correctness and regularity of the shareholders' meeting operations investigated, the last two of which occurred, inter alia, with the intervention of an independent designated representative, such as Computershare, and therefore through IT-only collection and voting mechanisms and without the involvement of the company and its structures; hence the impossibility for these to intervene or affect the vote expressed by the shareholders ». The hope, at this point, after having given "immediate and full collaboration to the investigative authority", is in a "prompt clarification of the position".
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/ecco-perche-cattolica-assicurazioni-e-nel-mirino-dei-magistrati/ on Sun, 02 Aug 2020 09:45:46 +0000.