Giorgio Seragnoli Increases Ducati Stake to 5%
15 September 1999
Giorgio Seragnoli Increases Ducati Stake to 5%; Named Vice-Chairman of the Board of DirectorsBOLOGNA, Italy, Sept. 14 -- Ducati Motor Holding S.p.A. , a leading manufacturer of high performance motorcycles, today announced Giorgio Seragnoli, a member of Ducati's Board of Directors, has increased his equity stake in the Company to 5.0%. In addition, Mr. Seragnoli, who has been a member of the Board of Directors since October 1998, was named Vice-Chairman of the Ducati Board of Directors. "We are very excited by Giorgio Seragnoli's continuing commitment to Ducati and believe that his investment underscores his faith in our initiatives and corporate strategy," said Federico Minoli, Ducati Chairman and Chief Executive Officer. Since 1982, Mr. Seragnoli, 44, has been Vice President and Managing Director of G.D. SpA, a manufacturer of rolling and packaging machines used in the tobacco industry. He currently also serves on the Boards of 21 Investimenti SpA, Mediaset SpA, CAER SpA and Fideuram Bank SpA. Founded in 1926, Ducati builds racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. Ducati has won eight of the last ten World Superbike Championship titles and more individual victories than the competition put together. The Company produces motorcycles in four market segments which vary in their technical and design features and intended customers: Superbike, Supersport, Monster and SportTouring. The company's motorcycles are sold in more than 40 countries worldwide, with a primary focus in the Western European and North American markets. For more information about the Company, please visit our web site at http://www.Ducati.com. This press release contains statements that are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated, as described in the Company's prospectus dated March 23, 1999.