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on RACING FORCE (EPA:ALRFG)

Racing Force S.p.A. Approves Dividends and Appoints New Board of Directors

Racing Force S.p.A. announced the approval of its financial statements for the year ending December 31, 2023, during its recent Shareholders' Meeting. A net profit of EUR 2,565,413 has been allocated, with EUR 2,312,928 distributed as dividends, equating to EUR 0.09 per share. The dividends will detach on May 13, 2024, with payment scheduled for May 15, 2024. Additionally, EUR 252,485 will be retained as earnings.

The meeting also led to the appointment of a new Board of Directors for the term 2024-2026. Piero Paolo Delprato will continue as Chairman alongside six other board members from a list nominated by majority shareholder SAYE S.p.A. Furthermore, the Shareholders' approved the buying and potentially selling of treasury shares, authorizing purchases up to 20% of the share capital within the next 18 months under specific conditions.

In an extraordinary session, amendments were made to the company's bylaws, reflecting changes from Borsa Italiana and the recent legislative developments. These alterations ensure adherence to newly revised independence criteria for board directors and compliance with Italian corporate and financial regulations.

R. P.

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