Prospectus - Notowania

9. DILUTION
9.1 Amount and percentage of the immediate dilution deriving from the Offering
If the option rights to which they are entitled are not exercised in full and Issue of Share Capital
is not fully subscribed, the shareholders who do not subscribe the portion to which they are
entitled would have a maximum dilution of their holding, in terms of percentage of the share
capital, of 13.04%.
With regard to holders of savings shares, the allocation to them of the option right to subscribe
ordinary shares determines a dilutive effect on the holdings of ordinary shareholders that,
considering the reduced quantity of savings shares present as at the Date of the Prospectus, is
not of an appreciable dimension.
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