Friday, 16 November 2018

English translation of Joint Press Release Italian Exhibition Group - Rimini Congressi - Vicenza Holding

Rimini/Vicenza, 16th November 2018 – With a letter sent to the company and shareholder Vicenza Holding, on 15th November 2018 board member Matteo Marzotto formalized his resignation from the position of member of the Board of Directors of Italian Exhibition Group (IEG) with immediate effect. Board member Marzotto had already presented his resignation from the position on 25th September 2018, with effect from the date of the beginning of negotiation of the shares on the stock market, as foreseen by the agreements between Rimini Congressi and Vicenza Holding.

IEG, along with its shareholders Rimini Congressi and Vicenza Holding, acknowledges this decision and thanks Matteo Marzotto for his work.

The process leading to IEG´s stock exchange listing continues and will take place within the foreseen time and however depending on the issue of the necessary authorizations on behalf of the appropriate authorities.

Italian Exhibition Group (IEG) is the Italian leader in the organization of expos and one of the main players in Europe in the expo and conference sector, with its venues in Rimini and Vicenza. The IEG Group stands out for the organization of events in five categories: Food & Beverage; Jewellery & Fashion; Tourism, Hospitality & Lifestyle; Wellness and Leisure; Green & Technology. In recent years, IEG has launched an important process of foreign expansion, also by means of joint ventures inked with local players (e.g. in the United States, Arab Emirates and China). IEG ended the 2017 financial year with a total consolidated turnover of 130.7 million euros, an EBITDA of 23.2 million and a net consolidated result of 9.2 million euros. In 2017, IEG hosted an overall total of 50 exhibitions organized or hosted and 206 conferences and events.

Elisabetta Vitali, head of media & corporate communication

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ITALIAN EXHIBITION GROUP SpA - Via Emilia 155, 47921 Rimini (Italy) - Registro delle imprese Rimini C.F./P.I. 00139440408 - Cap. Soc. 52.214.897 i.v. - Email: - Credits