Safilo Board Approves New Stock Option Plan, Announces Board Member Departure

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PADOVA, Italy—The board of Safilo Group S.p.A. ( SFL.IM) announced it has resolved to propose at the next shareholders’ meeting a new Stock Option Plan 2020-2022 reserved to executive directors who are also employees and other employees of Safilo Group S.p.A. and/or other companies within the Safilo Group. The meeting for this will be convened in an extraordinary session to resolve on the proposal of an issuance against cash, without a capital increase, up to a maximum number of 7,000,000 ordinary shares without par value, with the exclusion of pre-emption rights pursuant to Article 2441 of the Italian Civil Code.

The company also said that Catherine Gérardin-Vautrin has decided, for personal reasons, to resign from the position of independent and non-executive director of the board and chairman of the remuneration and nomination committee. The board thanked Gérardin-Vautrin for her appreciated contribution. A replacement will proceed with the next sharehholder's meeting.