Amplifon SpA., a global leader in hearing solutions and services, announced that it is proposing to the Company’s Extraordinary Shareholders’ Meeting to amend the Articles of Association in order to enable the enhancement of the loyalty shares according to the new legal provisions under the Italian draft law on interventions in support of capital competitiveness (the so-called “DDL Capitali”).

By introducing a loyalty shares system, enhanced compared to the current one, Amplifon intends to promote a capital structure capable of supporting its path of further long-term growth.

After the double voting right has accrued, each shareholder may acquire further voting rights from year to year up to a maximum of 10 votes per share.

In this manner the Company – which retains its registered, fiscal and listing office in Italy – could in fact pursue any further relevant growth opportunities also externally by way of acquisitions or strategic alliances, where appropriate, to be implemented by issuing new shares or share exchanges with third parties, as well as more effectively foster a solid shareholder base with a long-term investment perspective.

PedersoliGattai advised Amplifon in the study and implementation of the amendments to the articles of association, with a team led by professor Eugenio Barcellona (partner),  Leonardo Bonfanti (junior partner) including Carlo Ranotti, Giulia Ambrosiani and Antonio Nisi (associates).