- Net Financial Position of negative 43.4 million Euros (including the negative IFRS16 effect of 17 million Euros), compared to a debt of 14.2 million Euros as of 31 December 2018.
For further information on the results of the financial year, both consolidated and pro-forma, please refer to press release of 30 March 2020 and to the annual financial report as of 31 December 2019 on CFT website www.cft-group.com, section financial Investor Relations/Financial data/Financial documents.
Approved the authorization for the purchase and disposal of treasury shares
The ordinary Shareholders’ meeting, having acknowledged the relevant explanatory note by the Board of Directors, resolved to:
- (1) annulthedecisiontakenbytheshareholdersoftheCompanyduringtheordinarymeetingheldon 10 May 2019 that had authorized the purchase and sale of treasury shares, with effects from the date the resolution becomes effective;
- (2) authorizethepurchaseoftreasurysharesforthepurposessetforthintherelevantexplanatorynote by the Board of Directors, for the 18-month period starting from the date the resolution becomes effective, and the sale of such treasury shares, all at terms and conditions and within the limits provided for by applicable laws and regulations.
Confirmed the appointment by co-optation of the board member Niccolò Querci
The ordinary Shareholders Meeting, having acknowledged the relevant explanatory note by the Board of Directors, resolved to confirm the appointment by co-optation – carried out pursuant to article 2386 of the Civil Code through resolution of the Board of Directors on 4 September 2019 – of the board member Niccolò Querci, until the expiry of the term of office of the other directors, i.e. until the date of the Shareholders’ Meeting which will approve the financial statements as of 31 December 2020.
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For further details please see documents available to the public in CFT registered offices and on the website www.cft-group.com in the [Investor relations/Shareholders meeting] section.
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CFT S.p.A. is the operational holding company of the CFT Group, listed since July on the AIM Italia market organized and managed by Borsa Italiana S.p.A. The company is active in Italy and internationally in the design, development and production of machines and complete turnkey lines principally for the Food, Liquid Food and Beverage sector. The company, the result of a project by the Catelli family for the creation of machines specialized in the processing of tomatoes, now boasts more than 70 years of experience focused on three specific macro-areas of activity: processing, packaging and sorting. Decades of experience and the know-how of leading brands in the respective sectors allow CFT Group to offer a complete portfolio of solutions based on the most advanced technologies. Each day, in the plants operated by the CFT Group, millions of tons of fresh products are processed and millions of cans, bottles and special containers are filled for multiple applications. Thanks to innovative technological solutions, CFT Group helps its clients obtain higher performance in terms of efficiency and quality.