Luxottica founder boosts stake in Delfin to 25%
Leonardo Del Vecchio, the owner of listed Italian eyewear group Luxottica has increased his stake in Delfin, the Luxembourg holding company that controls 62% of Luxottica to 25%, Italian-language daily Il Sole 24 Ore reported.
The unsourced article said that Del Vecchio subscribed to the whole of a EUR 162m capital increase with cash to boost his stake.
The report added that the capital increase takes Delfin's capital from EUR 520.9m to EUR 682.9m through the creation of 6,232,370 shares and 248,832 privileged Class A shares. Both types of shares have a nominal value of EUR 25, the report added.
Del Vecchio continues to hold the voting rights on all of Delfin's capital, while his six children will hold formal ownership of stakes totalling 12.5%, down from the 16.5% they held before the capital increase.
The item added that Del Vecchio has also modified certain Delfin statutes to ensure an orderly succession.
Source Il Sole 24 Ore