Datalogic (Star: DAL.MI): the board of directors proposes to the shareholders’ meeting that share capital be reduced by means of treasury share cancellation

Bologna 16th January 2008
- The Board of Directors of Datalogic S.p.A. yesterday decided to propose to the Shareholders' Meeting, extraordinary business, on 20 February 2008 (first call) and on 21 February 2008 (second call), that treasury shares owned by the Company be cancelled.

The total number of treasury shares to cancel will be within the following range (min - max):

• Total treasury shares at  31 Dec. 2007: n. 4,507,784 equal to 7.06% of share capital

• Total treasury shares authorised by the Shareholders' Meeting held on April, 19th 2007: n. 6,000,000 equal to 9.4% of share capital.

Today the Company owns n. 4,685,832 treasury shares for a total nominal value of € 2,436,632.64, equal to 7.34% of fully paid-up share capital that amounts to Euro 33,205,365.44 and is constituted by n. 63,856,472 ordinary shares of a nominal value of € 0.52 per share.

This operation would result in a reduction in share capital of nominal share value between Euro 2,344,047.68 and Euro 3,120,000.00.

The proposed share capital reduction aims to optimize the company's capital structure, reducing the average cost of capital, maximizing returns on the holdings of shareholders and increasing the value of company shares.

The manager responsible for preparing the company's financial reports - Dott. Marco Rondelli - hereby declares, pursuant to paragraph 2 of Art. 154-bis of the Testo Unico della Finanza, that the accounting information contained in this press release corresponds to the document results, books and accounting records.