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Gizmo
29.12.2005, 11:34 PM
Dragged this from another forum, its part of a press release.

Ducati Board of Directors, December 16th, 2005

Bologna, December 16th, 2005 - The Board of Directors of Ducati Motor Holding S.p.A. (NYSE: DMH; Borsa Italiana: DMH) has approved today, among other items, the following:

1) an accrual on the 2005 Profit and Loss of a Euro 13.0 million restructuring reserve to support the reduction of dealer bike stock and to readdress and retrain the organizational structure of the Company;

2) the call of an Extraordinary Shareholders' Meeting on January 24, 2006 (first call) and January 26, 2006 (second call), to grant the Board of Directors powers to increase the Company's share capital, for consideration and in one or more instances, over a period of five years, up to a maximum amount of Euro 80,0 million through the issuance of DMH ordinary shares to be offered to shareholders by way of subscription rights, and the subsequent amendment of Article 7 of the Company's By-laws.

In addition, the Board of Directors communicates that the industrial plan to relaunch the Company is being prepared and will be presented to the market as soon as possible.

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Hopefully its good news if they can restructure and get development going again.

borderduc
30.12.2005, 11:45 PM
I really hope there's a happy ending in all of this. They're not going to bring in more equity capital unless there's a sound business plan based on the restructured company, however that is going to look. Stating the obvious, I know, but talk of boosting share capital without that makes me wonder if they are looking for another manufacturer (KTM ? Harley D ? ) to take a stake in the business with a view to a merger/takeover in the longer term. I can't see how Ducati has the critical mass to stay independant and be successful in the medium term, nice as that may sound.

Whatever happens they must preserve the Ducati persona !

dseered
31.12.2005, 12:03 AM
Its OK, Ducati 'persona' is alive and kicking, well, donered up and @@@@ed, I'll be there to bail them out !