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    J. Emerson

    Research Analyst at Emerson Investment Group

    No comprehensive public information is available to establish a verified professional profile for J. Emerson, analyst at Emerson Investment Group. Despite an extensive search, there is no LinkedIn profile, performance data, career history, or credentials linked to an individual by this name and title at Emerson Investment Group or similar financial institutions. Details regarding job title, covered companies, performance metrics, career timeline, or credentials could not be found from authoritative industry sources.

    J. Emerson's questions to NATUZZI S P A (NTZ) leadership

    J. Emerson's questions to NATUZZI S P A (NTZ) leadership • Q2 2024

    Question

    J. Emerson of Emerson Investment Group asked for the net cash proceeds from the High Point building sale, whether the cash would enable rapid U.S. expansion, the nature of the sale (i.e., sale-leaseback), and if a share buyback was being considered.

    Answer

    Executive Carlo Silvestri confirmed the gross proceeds are $12.1 million in cash, which is above the asset's net book value. CEO Antonio Achille clarified the sale is a "dry sale," not a sale-leaseback with long-term liabilities, and that the elimination of maintenance costs would offset any future rent. He reiterated a gradual, not "rapid," expansion strategy. Regarding a share buyback, Achille stated it's a matter for the Board and that strong operational investment opportunities also exist.

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