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External auditors

The shareholders’ meeting awarded a mandate to KPMG SpA to audit the annual and consolidated financial statements and carry out the check that the company accounts are held correctly for the 2017-2025 financial years.
Fees
Fees payable for these activities for each financial year from 2017-2025 are as follows:
  • audit of the financial statements and check that the accounts are being kept regularlly: 586 hours for 47,800 euros
  • audit of consolidated statements: 326 hours for 26,500
  • limited audit of semi-annual statements: 392 hours for 31,700 euros
These fees do not include charges such as travel and accommodation expenses, extra technology costs and secretarial and communication costs which are charged as a flat 5% of fees. Fees will be adjusted over time according to official inflation figures. The partner in charge of the CIR audit is Giovanni Rebay.

KPMG SpA
Via Vittor Pisani, 25
20124 Milan
http://www.kpmg.it/home.kpmg.com/it/it/home.html