Hebei Lansheng Biotech Co., Ltd.
ShangHai Yuelian Biotech Co., Ltd.

Filing of the merger project of Phoenix-Del into Isagro S.p.A.qrcode

Mar. 24, 2021

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Mar. 24, 2021

This press release follows the one of March 16th, 2021, in which it was announced, among other things, that the Board of Directors approved the merger by incorporation of Phoenix-Del S.r.l. into Isagro S.p.A., which was drafted pursuant to Articles 2505, paragraph 1 and 2501-ter of the Civil Code, on the basis of the two companies’ financials as of December 31st, 2020, as stated by Article 2501-quater, paragraph 1 of the Civil Code.

The Company announces that on March 22nd, 2021, the above-mentioned merger project was filed for registration in the Companies' Register of Milan and Padua and, today, was filed at the registered offices of the companies participating in the merger and simultaneously published on the website www.isagro.com (section “Governance / Altri Documenti / Fusione Phoenix-Del) as well as on the storage of Regulated Information mechanism 1Info (www.1info.it).

The merger decisions will be adopted (i) for Isagro S.p.A., by the administrative body, as required by Article 21 of the By-Laws, while (ii) for Phoenix-Del S.r.l. by the Shareholders' Meeting.

Since Isagro S.p.A. owns the entire capital of Phoenix-Del S.r.l., the above merger by incorporation does not determine any exchange of shares nor increase in capital.

The statutory effects of the merger will be effective from July 1st, 2021 or, if later, from the date of the last registration of the merger deed at the Companies' Register of Milan and Padua. It shall be remembered that the accounting and tax effects will be effective from January 1st, 2021 and from such date the operations carried out by Phoenix-Del S.r.l. will be recorded in the financial statements of Isagro S.p.A..

Source: Isagro

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