Ferretti International Holding S.p.A. Maintains Strategic Focus
Ferretti International Holding S.p.A. ("FIH"), as the controlling shareholder of Ferretti S.p.A., has recently made clear its stance regarding a voluntary conditional partial public tender offer initiated by KKCG Maritime. In a statement, FIH expressed its unwavering commitment to not only resist this offer but also to reaffirm its long-term investment in the company.
Commitment to Long-Term Growth and Stability
FIH highlights its confidence in Ferretti S.p.A.'s long-term strategy and growth potential. Since it assumed the role of controlling shareholder, FIH has been dedicated to supporting the sustainable development of the company and ensuring stability in its operations. This approach reflects the company’s emphasis on enhancing shareholder value over time.
Supporting Sustainable Development
The commitment of FIH to Ferretti S.p.A. is evident through its strategic investments, which have been aimed at fostering the company’s growth and ensuring its operational continuity. FIH has a clear vision for the future and believes in the favorable industrial fundamentals that underpin the company’s market position.
Future Shareholding Plans
As a proactive shareholder, FIH has indicated that it might consider increasing its stake in Ferretti S.p.A. further, depending on market conditions. This potential increase in shareholding is intended to align with applicable laws and regulatory standards while enhancing the company's profile in the competitive market landscape.
Governance and Control
In exercising its role as the controlling shareholder, FIH plans to leverage its voting rights to maintain stability and continuity within the corporate governance framework of Ferretti S.p.A. FIH has continuously expressed its intention to nominate the majority of the board of directors, aiming to further its strategic objectives and secure effective control.
Clarification on Public Offers
FIH's recent communication serves to clarify that it does not intend to launch a public offer for the shares of Ferretti S.p.A. The statement reassures stakeholders that FIH is focused on long-term strategies rather than short-term public propositions. This measured approach underscores FIH's role as a dedicated partner in the company's governance.
Regulatory Compliance
All actions taken by FIH will strictly adhere to relevant laws and regulations in Italy and Hong Kong, ensuring compliance with stock exchange rules and enhancing the integrity of the company’s operations. The statement emphasizes FIH’s commitment to abiding by legal frameworks as part of its governance strategy.
Frequently Asked Questions
What is Ferretti International Holding S.p.A.'s position on the tender offer?
FIH has clearly stated that it does not intend to accept the partial public tender offer initiated by KKCG Maritime.
How does FIH view its investment in Ferretti S.p.A.?
FIH considers its investment in the company to be long-term and strategic, emphasizing sustainable growth and stability.
What are FIH's future plans regarding its shareholding?
FIH may consider increasing its shareholding in Ferretti S.p.A. if market conditions allow, always in compliance with applicable regulations.
What role does FIH intend to play in governance?
FIH aims to nominate the majority of the board of directors to maintain effective control and guide the company's strategy.
Is there a public offer planned by FIH?
No, FIH has no intentions of making a public offer for shares of Ferretti S.p.A. at this time.
