The Board of Directors of YOOX S.p.A. has approved the Merger Plan | YOOX Group
  • • The Merger Plan for the business combination of YOOX Group and THE NET-A-PORTER GROUP, to be implemented by means of:
    • the merger by absorption into YOOX of Largenta Italia, a corporate vehicle indirectly controlled by Richemont which, at the effective date of the merger, will own the entire share capital of THE NET-A-PORTER GROUP; and
    • assignment of a number of newly issued YOOX shares to the shareholders of Largenta Italia which will represent a stake in YOOX's share capital (post-merger, calculated on a fully diluted basis), amounting to 50% Richemont will receive in exchange (a) a number of ordinary shares representing 25% of YOOX's voting share capital and, for the remaining shares to which it is entitled, (b) non-voting shares.
  • the proposal to confer upon the Board of Directors, pursuant to art. 2443 of the Italian Civil Code, the power to increase the share capital, through payment in cash in one or more tranches, by a maximum amount of Euro 200 million;
  • the proposal to redefine the number of members of the Board of Directors with the appointment of
    • Natalie Massenet, Founder and Executive Chairman of THE NET-A-PORTER GROUP, who will take on the role of Executive Chairman of the Combined Group with defined responsibilities
    • 2 new Directors designated by Richemont: Richard Lepeu and Gary Saage, Co-Chief Executive Officer and Chief Financial Officer of Richemont, respectively
Download PdfDownload PDF
distributed by