Ops Retail SpA MIL:OPR upon request of Borsa Italiana SpA:
SAID ON WEDNESDAY COMPANY HAD CONDUCTED CHECKS OVER APPLICATION OF RULES ON RELATED-PARTY TRANSACTIONS
DEEMS APPROPRIATE TO SUBJECT ORION CAPITAL, RELATED RELATIONSHIPS TO RULES GOVERNING TRANSACTIONS WITH RELATED PARTIES
NO EVIDENCE TO SUGGEST SIGNIFICANT CONNECTION WITH GCII, WHICH REMAINS EXCLUDED FROM COMPANY'S LIST OF RELATED PARTIES
GCII INFORMED COMPANY IT REVOKED ORION CAPITAL'S TRUST MANDATE, WHILE IT WILL CONTINUE TO IMPLEMENT INVESTMENT AGREEMENT DIRECTLY
USE OF CONVERTIBLE BOND LOAN DOES NOT IN ITSELF POSE A RISK TO BUSINESS CONTINUITY, MERELY ENTAILS REWORKING OF BUSINESS PLAN
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