The Board of Directors of Leonardo, which met today, approved – in lieu of the Assembly pursuant to art. 2505, paragraph 2 of the Civil Code and art. 24 of the Articles of Association – the merger by incorporation into the Company of UTM Systems & Services Srl
The transaction (already disclosed to the market with a previous press release dated 30 July 2024) was also approved today by the Extraordinary Assembly of UTM.
Once the legal deadlines have expired, the relevant Merger Deed will be signed, which will take effect – also for accounting and tax purposes – from 1 January 2025.
As disclosed, the operation, proposed for economic-organizational reasons and, in particular, for rationalization and simplification of the corporate chain, provides for the purchase by Leonardo - before the signing of the Merger Deed - of the shareholding (33,333%) held by Telespazio SpA in UTM itself which, therefore, will become entirely owned by the Company.
The minutes of the resolution adopted by the Board of Directors of Leonardo will be made available to the public within the terms and methods established by law.
Please also refer to the Merger Plan and to the additional documentation already made available on the Company's website (https://www.leonardo.com/it/, Corporate Governance/Extraordinary Operations section).
