LensCrafters 2015 Annual Report Download - page 267

Board of statutory auditors’ report Pagina 1 di 4
BOARD OF STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED AND SEPARATE FINANCIAL
STATEMENTS
Board of Statutory Auditors Report of Luxottica Group S.p.A. as of December 31, 2015 pursuant to article 2429 of the Italian Civil
Code and article 153 of Italian Legislative Decree 58/1998.
Dear Shareholders,
This Board of Statutory Auditors was nominated on 24 April 2015 and will be in office until the approval of the Statutory financial
statements as of December 31, 2017. The members of the Board of Statutory Auditors are Francesco Vella (President), Alberto
Giussani and Barbara Tadolini. Maria Venturini and Roberto Miccù are substitute statutory auditors.
During the 2015 fiscal year we performed our supervisory activities required by law and in accordance with the Board of Statutory
Auditors Code of Conduct , recommended by the Italian National Board of Chartered Accountants (Consigli Nazionali dei Dottori
Commercialisti e degli Esperti contabili).
With regard to the activities performed during the fiscal year, and in compliance with the instructions provided by CONSOB through
the communication of 6 April 2001 and subsequent amendments and supplements, we hereby report the following:
a) We verified the respect and compliance with the law, the deed of incorporation and the company bylaws;
b) We obtained punctual information from the Directors on the activities and the most relevant economic and financial
transactions decided and undertaken during the fiscal year, also through subsidiary companies. In particular, we mention
the following:
1. On May 14, 2015, Luxottica Group S.p.A. (hereinafter the “Company”) and Prada S.p.A., part of Prada Group,
announced the renewal of an exclusive license agreement for the design, production and worldwide distribution of
prescription frames and sunglasses under the Prada and Miu Miu brands. The 10-year agreement will extend through
December 31, 2025;
2. On May 19, 2015, the Company announced the grant of free treasury shares to the Group’s employees in Italy in
honor of the 80th birthday of its Chairman and Founder, Mr. Leonardo Del Vecchio. This share award is a gift from
the Founder with an aggregate amount of 119,755 Luxottica Group treasury shares distributed. Delfin S.`a.r.l.
assumed all costs and expenses of the share grant;
3. On June 25, 2015, the Company signed an agreement to enhance the market liquidity of its shares in compliance with
CONSOB’s market practices permitted under resolution no. 16839 adopted on March 19, 2009 regarding activity to
support market liquidity. The agreement is between the Company and Kepler Capital Markets SA;
4. On July 1, 2015, the Series B Senior Unsecured Notes issued in a private placement by Luxottica U.S. Holdings
Corp. matured and were fully repaid in the amount of U.S.$ 127.0 million;
5. On July 29, 2015, the Company and Burberry Group announced the renewal of an exclusive license agreement for the
development, production and worldwide distribution of sunglasses and prescription frames under the Burberry name.
The 10-year agreement will extend to December 31, 2025;
6. On November 10, 2015, notes issued in a private placement issued on November 10, 2010 matured and were fully
repaid in the amount of Euro 500.0 million.
7. On December 16, 2015, the Company and Dolce&Gabbana announced the renewal of an exclusive license agreement
for the development, production and worldwide distribution of sunglasses and prescription frames under the
Dolce&Gabbana brand. The agreement was extended to December 31, 2025.
Based on the information available to us, we can reasonably assure that the transactions here above described are compliant