Jan 12, 2006. /Lesprom Network/. Mr. Ugo Dell’Aria Burani resigned, for personal reasons, both as company executive and member of the board of directors of Italian paper product manufacturer Reno De Medici S.p.A., with effect December 31, 2005. Mr. Ugo Dell’Aria Burani. was deputy chairman of the board and member of the executive committee, as non-independent director, without specific management appointments. Mr. Ugo Dell’Aria Burani was not member of other internal committees. Mr. Ugo Dell’Aria Burani owns 717 595 shares of Reno De Medici S.p.A. or approximately 0.27% of share capital. Reno De Medici's board approved a plan for the spin-off of its real estate activities into a new company, RDM Realtyin December 2005. Reno de Medici intends to list the new company on the Italian Stock Exchange. The listing operation is expected to generate a cash flow of Euro 40 million. Reno De Medici's board decided to apply for a new medium-term credit of Euro 60 million, in order to complete the company's financial restructuring process.