CycleNews is running a Ducati Press Release dated December 16th that sheds a bit of light on the new regimes plans… Though it’s not particularly written in english, but rather some kind of lawyer-ese…
The follwing information was issued by Ducati Motor Holding S.p.A:
Bologna, December 16 th , 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.
Founded in 1926, Ducati develops racing-inspired motorcycles characterized by unique engine features, innovative design, advanced engineering and overall technical excellence. The Company produces motorcycles in six market segments which vary in their technical and design features and intended customers: Superbike, Supersport; Monster, Sport Touring, Multistrada and Sport Classic. The Company’s motorcycles are sold in more than 60 countries worldwide, with a primary focus in the Western European and North American markets. Ducati has won thirteen of the last fifteen World Superbike Championship titles and more individual victories than the competition put together. 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 documents previously filed by the Company with CONSOB and with the U.S. Securities and Exchange Commission.
These materials are not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of the company’s securities to be made in the United States will be made by means of a prospectus that may be obtained from the company and that will contain detailed information about the company and its management, including financial statements.
One can only wonder what this really means for Ducatista around the world… I guess we all wait and see…
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>One can only wonder what this really means for Ducatista around the world
#1 means DO NOT BUY A DUC. They are going to blow out all the old stock cheaply in the spring.
Piaggio is currently doing this with old Aprilias and Guzzi’s.
#2 means DO NOT BUY DUCATI STOCK; They are going to float a big stock offering
to raise money and dilute the value of current shares.
T