Generali, Caltagirone withdraws from the agreement with Del Vecchio and the Crt Foundation

The companies of the Caltagirone group adhering to the Shareholders’ Agreement signed on 10 September 2021 with Delfin concerning ordinary shares of Assicurazioni Generali and to which the Fondazione Cassa di Risparmio di Torino subsequently joined, announce “that yesterday they communicated to the others parties the unilateral withdrawal from the Agreement with immediate effect “. This is what the companies of the Caltagirone group underline, announcing in a letter the unilateral withdrawal with immediate effect of the Agreement with Del Vecchio and the Crt Foundation. The companies of the Caltagirone group, ie the Group C companies, “believe that the function to which the Agreement was preordained has now been superseded. Consequently, the group C companies intend to dissolve the commitments, albeit for consultation only, envisaged by the Agreement in view of the next meeting so as to pursue their own strategies and pre-choose their own voting policies and the exercise of shareholder prerogatives in an open way in comparison with the market and the generality of investors. mutual commitments that had been agreed “. The companies of the Caltagirone group “have reached the decision to present their own list for the renewal of the Board of Assicurazioni Generali, although no unambiguous determination has yet been made regarding the promotion of a so-called ‘long’ or ‘short’ list”, they underline the companies of the Caltagirone group. “The company never showed any real willingness to compare with the purpose shared by the parties. Think of the fact that the desire to confirm the current CEO was made known before and regardless of any adequate interlocution and moreover before the approval of the procedure, highly reprehensible in the contents for the presentation of a dispute by the Board, a choice that is not supported by any justified reason “, underline the companies of the Caltagirone group, adding:” just think , again, to the fact that, despite the many reservations expressed within the Board and by the market, Assicurazioni Gener ali, in the meantime – underline the companies in a letter addressed to Delfin and the Cassa di Risparmio di Torino Foundation – continued the initiatives aimed at presenting a list of the Board, presented a new industrial plan which is part of the management up to currently carried out and considered completely unsatisfactory by group C companies, and in any case, which ignores the requests for change shared by the members of the Shareholders’ Agreement “. Nevertheless, the companies of the Caltagirone group explain,” already after the signing of the Agreement, they are have been, and continue to be, all kinds of allegations circulated in the press about different and further objectives that the paciscants would have intended to pursue. Narratives evidently alien to reality, and which nevertheless contribute to altering the perception of the real, documented and univocal purposes of the Pact “.