PLC to see directors Andrea Sassi and Chiara Esposito step down after Aug. 7 closing

Reuters2026/08/05 22:32

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PLC announced the resignations of director Andrea Sassi and executive director Chiara Esposito, effective at the closing of Fraes’ stake sale.
The closing is scheduled for Aug. 7, 2026, tied to Lizard’s deal to buy Fraes’ controlling holding via its designated buyer Pendant Power.
Sassi is a non-executive independent director, chair of the nominations, remuneration and stock-option plans committee.
Esposito is an executive non-independent director, previously held board-level responsibility for human resources.
Esposito holds PLC shares indirectly through Fraes, where she owns about 13.5% of the share capital.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PLC S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0836-11-2026_TELEBORSA.pdf), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PLC to see directors Andrea Sassi and Chiara Esposito step down after Aug. 7 closing

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