The Board of Directors appointed the corporate bodies for the 2021-2023 financial years

27 April 2021 at 16:17

• Verified the independence criteria of the directors;
• Appointed the members of the Remuneration Committee and the Control and Risk Committee.

The Board of Directors of Reply S.p.A. [MTA, STAR: REY] has vested today, April 27, 2021, the proxies and powers to the Executive Directors Mario Rizzante (Chairman), Tatiana Rizzante (CEO) Filippo Rizzante, Daniele Angelucci, Marco Cusinato and Elena Maria Previtera.

The Board of Directors assessed, in accordance with the Corporate Governance Code and the criteria specifically adopted by the Company, the existence of the independence requirement for the three non-executive Directors: Patrizia Polliotto, Secondina Giulia Ravera and Francesco Umile Chiappetta. The independence requirement for the three statutory auditors: Ciro Di Carluccio (Chairman), Piergiorgio Re and Ada Alessandra Garzino Demo Although Ada Alessandra Garzino Demo has been a member of the Board of Statutory Auditors for more than nine of the last twelve financial years, she has been deemed independent because of her authority, reputation, moral standing, as well as the professionalism and balance she has demonstrated in carrying out her duties. To prevent even potential risks in this regard, the Board of Statutory Auditors will adopt appropriate measures.

The Board of Directors appointed the members of the Remuneration Committee and the Control and Risk Committee, in accordance with the Corporate Governance Code.

Remuneration Committee
The Board of Directors appointed as members of the Committee the non-executive and independent directors Patrizia Polliotto (Chairman), Secondina Giulia Ravera and Francesco Umile Chiappetta.

Control and Risk Committee
The Board of Directors appointed as members of the Committee the non-executive and independent directors Patrizia Polliotto (Chairman), Secondina Giulia Ravera and Francesco Umile Chiappetta.

Treasury Shares
The Board of Directors granted the appropriate powers for the purchase and sale of treasury shares in relation to the buy-back programme already launched.

This press release is a translation, the Italian version will prevail.