Just over three-quarters of
Campari shareholders voted Wednesday in support of a
controversial new shareholders' loyalty plan that gives some
investors additional shares.
At an extraordinary meeting with 76% of shareholders taking
part, a plan to give certain long-standing investors extra
shares was approved.
The number of shareholders taking part in the vote "went
well beyond quorum," said Campari Chairman Luca Garavoglia.
His family owns Alicros, an investment firm that controls
Campari.
Small investors and investment funds have criticized the
decision.
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