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Court Rejects Olidata’s Share Capital Reduction Appeal

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Court Rejects Olidata’s Share Capital Reduction Appeal

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Olidata S.p.A. ( (IT:OLI) ) has issued an announcement.

Olidata S.p.A. announced that the Ordinary Court of Rome rejected its appeal to register a resolution for voluntary share capital reduction. The court ruled that the resolution, which involved creating a legal reserve, required unanimous shareholder consent due to its impact on shareholder rights, contrary to the company’s argument that a qualified majority was sufficient.

More about Olidata S.p.A.

Olidata S.p.A. is a leading System Integrator in Italy, operating within the IT sector and listed on the Euronext Milan market.

Average Trading Volume: 74,089

Technical Sentiment Signal: Sell

Current Market Cap: €41.25M

See more insights into OLI stock on TipRanks’ Stock Analysis page.

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