The ordinary shareholder’s meeting approved the financial statements as at December 31 2023

April 12, 2024

ILBE: THE ORDINARY SHAREHOLDER’S MEETING APPROVED THE FINANCIAL STATEMENTS AS AT DECEMBER 31 2023
– 2022 net income allocated to extraordinary reserve
– The appointment of the Board of Directors and the board of auditors was approved

Rome, 12 April 2024 – The Shareholders’ Meeting of ILBE (Iervolino and Lady Bacardi Entertainment) – a company active in the production of film and television content (Euronext Growth Milan – IT0005380602 – IE and Euronext Growth Paris – IT0005380602 – ALIE) – held today in ordinary session – approved the Iervolino & Lady Bacardi Entertainment S.p.A. financial statement as at 31 December 2023, the Directors’ report on Operations, the Statutory Auditors’ and the Independent Auditors’ reports. Furthermore, the Ordinary Shareholders’ Meeting resolved to allocate to extraordinary reserve the Iervolino & Lady Bacardi Entertainment S.p.A. 2023 net income, amounting to Euro 53.723.

The ordinary assembly also resolved to set the number of members of the Board of Directors at seven and to establish the term of office at three fiscal years, until the assembly called for the approval of the financial statements as of December 31, 2026. Regarding the appointment of the new board of auditors, the assembly appointed auditors who will remain in office for three fiscal years, until the date of approval of the financial statements as of December 31, 2026.