Natuzzi S p.A. will apply to the Ministry of Labour – pursuant to Article 21 of Legislative Decree No. 148/2015 – to avail of special short-time work scheme payments on foot of a ‘defensive’ solidarity agreement for 24 months from 8 November 2021 to 7 November 2023 that may cover a maximum of 1,489 workers in the organizational and production units located in the Provinces of Bari, Matera, Taranto and Milan, specified below. Production Unit Address FIRST-LINE MANAGERS OFFICE WORKERS INTERMEDIATE WORKERS FACTORY WORKERS Total Sxxxxxxxx in Colle (BA) Vxx xxxxxxxxxxx 00 87 283 14 93 477 Sxxxxxxxx in Colle (BA) SS 271 per Mxxxxx Xx 50,200 1 9 14 259 283 Milan (MI) Via Durini 24 1 2 3 Matera (MT) Via Appia Antica S.C. Km 13,500 2 3 9 185 199 Matera (MT) Zona Industriale La Martella 1 15 4 75 95 * *
Natuzzi S p.A. is the largest Italian company in the furniture industry; a world leader in the leather sofa sector, which exports 90% of its sales to 123 countries and is quoted on Wall Street since 1993. The Natuzzi Group (of which Natuzzi SpA is the head) controls the entire production chain, the management of raw materials (leather and polyurethane foam, which is produced by a subsidiary of the Group) for the design, production, distribution and after sales services. Natuzzi has an internal research and development function for the purposes of innovation, based in Xxxxxxxxx in Colle (BA), produces products at its sites in Matera Iesce (MT), Ginosa (TA), Laterza (TA), Santeramo Iesce (BA ), and has a logistics hub in Matera La Martella (MT).
Natuzzi S p.A. Via Iazzitiello 47 Xxxxxxxxx in Colle (Bari) 8 January 2021 PROJECT VITA: Sale and Purchase Agreement regarding the 100% of the shares of I.M.P.E. S.p.A. Dear Sirs, Following our conversations, we set out hereafter our proposal for a share sale and purchase agreement in respect of the 100% (one hundred per cent) of the issued and outstanding share capital of I.M.P.E. S.p.A. * * * NATUZZI S.P.A. (as Seller) and VITA ITALY S.R.L. (as Buyer) SHARES SALE AND PURCHASE AGREEMENT regarding 100% of the shares of I.M.P.E. X.XX. Table of Contents
Natuzzi S p.A. (“Assignor”) PLC Studio Legale Vxx Xxxxxxxx Xxxxxx 0 00000 Xxxx Tel. +00 00 00000000 MUTTLEY S.r.l. Vxx Xxxxxxxx Xxxxxxxxx 0 00000 Xxxxx e-mail: sxxxxxxxxx@xxxxxxxxxxxxx.xx certified e-mail: mxxxxxx_xxx@xxxxxxxxx.xx For the kind attention of the Sole Director Sxxxxxxxx in Colle, 22 July 2020 Re: New Framework Agreement for Assignment of Receivables pursuant to Law No. 130 of 30 April 1999 Dear Sirs, We refer to our talks with you and transcribed hereunder are our agreements reached with you, hereby proposing to you the following framework agreement for the assignment of receivables (the “New Framework Assignment Agreement”)
Natuzzi S p.A., with headquarters at Vxx Xxxxxxxxxxx 00, Xxxxxxxxx xx Colle (BA), fully paid-up share capital of EUR 54,853,045.00, Tax ID and VAT No. 03513760722, Bari Register of Enterprises No. BA-261878, in the person of its attorney-in-fact Mx. Xxxxxxxx Notarpietro, born in Ostuni (BR) on 19 March 1963 and with an address for business purposes elected at the company’s headquarters (“Natuzzi” or the “Assignor”); - of the one part - AND
Natuzzi S p.A. The Attorney-in-Fact Mx. Xxxxxxxx Notarpietro SCHEDULE 10 - DEBTORS LIST [***] SCHEDULE 11 – NEW INVOICES FILE TEMPLATE On every Offer Date the Assignor shall send the Assignee and the Portfolio Manager the New Invoices File containing the following information:
Natuzzi S p.A. operates in the furniture industry and exports 90 percent of its sales to 123 countries. The registered office is located in Sxxxxxxxx in Colle (BA) and the Company operates plants and has offices located in the provinces of Bari, Matera, Taranto and Milan. − Specifically, in Italy, the Company is classified by INPS as belonging to the industrial sector, and operates with the following production units, whose workforce as of 31 May 2023 – leaving aside 28 executives – is set out in the table hereunder for each of the said production units: Production Unit Address FIRST-LINE MANAGERS OFFICE WORKERS INTERMEDIATE WORKERS FACTORY WORKERS Total Sxxxxxxxx in Colle (BA) Vxx xxxxxxxxxxx 00 88 272 13 90 463 Sxxxxxxxx in Colle lBA) SS 271 per Mxxxxx Xx 50,200 1 9 13 251 274 Milan (MI) Via Durini 24 2 4 6 Matera (MT) Via Appia Antica S.C. Km 13,500 2 4 9 180 195 Matera (MT) Zona lndustriale Località La Martella 1 14 4 75 94 Laterza (TA) C.da Mxxxxxx delle Grazie 2 20 26 371 419 Altamura Graviscella 1 11 28 406 446 Total 97 334 93 1,373 1,897 − The employment relationship of blue-collar, white-collar and middle management workers in Natuzzi S.p.A. is governed by the national collective bargaining agreement for employees of companies in the wood sector (1,567 employees) and the national collective bargaining agreement for employees of companies in the tertiary, distribution and services sector (330 employees). − Natuzzi has long been engaged in industrial and commercial redesign initiatives aimed at increasing competitiveness and maintaining its position on the market and consequently safeguarding employment levels. − That path has entailed and is entailing important action in terms of industrial upgrading from a digital standpoint, aimed also at valuing eco-sustainability and shifting the Italian living room industry to “high-end” production, in order to meet the needs of the market that recognizes “Made in Italy” as having a greater added value in connection with a quality and design that is greater than the commercial average. − Functional to this objective is thus the specialization of production and the necessary training (reskilling and upskilling) of the workforce, as well as the hiring of new workers with distinctive skills missing within the Company and required for the ongoing process of reconversion. − For this reason, from the aforementioned perspective of relaunching the business in manufacturing and commercial terms and gradually solving structural o...
Natuzzi S p.A. quantified the costs of covering applications for short-time working scheme payments as EUR 13,537,489.00.
