MILANO (AIMnews.it) – Expert System increases the number of members of the Board of Directors with Stefano Pedrini as independent director. The ordinary and extraordinary shareholders’ meeting, which met yesterday, also approved the ‘2018-2020 Stock Grant Plan’ for group employees and the ‘2018-2020 Stock Option Plan’ for members of the Board of Directors, employees and collaborators as well as consultants of the group. The SG Plan provides for the free assignment of up to 800,000 Expert System shares, subject to the achievement of performance and/or personal objectives in the three years envisaged by the plan. The extraordinary shareholders’ meeting also approved the related free share capital increase up to a maximum of 8.000 euros with the issue of a maximum of 800.000 new ordinary shares with no nominal value. The SO Plan, on the other hand, provides for the free allocation of 1,200,000 option rights subject to the subscription, at a pre-established price, of Expert System ordinary shares. The availability of option rights is subject to the achievement of performance and/or personal objectives established for each beneficiary. This will result in an increase in the reserved paid share capital, in tranches and with the exclusion of option rights, up to a maximum amount of 1,260,000 euros, through the issue of a maximum of 1,200,000 new ordinary shares with no nominal value. Finally, the extraordinary shareholders’ meeting approved amendments to the Articles of Association and revoked the proxy granted to the Board of Directors on 7 July 2017 for capital increases and the issue of convertible bonds.