Milan, 9 March 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 2 and 6 march 2026 it bought back, on the Euronext Milan market, n. 915,000 shares at an average unitary price of € 0.6863, for a total amount of € 627,982.00. As of today, CIR S.p.A. is holding a total of 56,720,488 treasury shares, equal to 6.19% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Today, the Board of Directors of CIR S.p.A. has resolved to promote a partial voluntary public tender offer, concerning a maximum of 50,000,000 ordinary shares of the Company, equal to 5.458% of the share capital, at a price of € 0.68 per share and for a total consideration of € 34 million, and has simultaneously resolved to terminate the buyback program currently underway following the authorization granted by the Shareholders’ Meeting on April 28, 2025.
Milan, 9 March 2026. Pursuant to and for the purposes of Article 102, paragraph 1, of the TUF and Article 37 of the Issuers’ Regulations, CIR S.p.A. (the “Offeror” or the “Issuer” or “CIR” or the “Company“) hereby announces its decision, approved today unanimously by the Board of Directors, to launch a voluntary partial tender offer to buy, in accordance with the terms of Articles 102 and following articles of the TUF a maximum of 50,000,000 shares of CIR S.p.A., shares with no indication of par value, fully paid up (the “Shares”), listed on the Euronext Milan Market (“Euronext“) organized and managed by Borsa Italiana S.p.A. (“Borsa Italiana“), equal to 5.458% of the share capital of CIR (the “Offer“).
The Offer is addressed indiscriminately to all holders of CIR Shares and does not concern the own shares currently held by the Issuer, which are therefore excluded from the Offer.
The Offer is not conditional on reaching a minimum number of acceptances.
The Shares acquired by CIR under the Offer will be intended for the creation of a securities portfolio that may be used in the ways and within the limits established by the shareholders’ assembly authorization, subject to revocation of the resolution to cancel the shares adopted by the extraordinary assembly on 28 April 2025.
In the event of acceptances to the Offer for a total number of shares exceeding the maximum number of shares subject to the Offer itself, an allocation will be made according to the proportional method so that CIR will buy the same percentage of the Shares being offered from each shareholder taking part in the Offer as that of their original holding.
Pursuant to Article 102, paragraph 3, of the TUF, the Offeror shall, within twenty days of this announcement, transmit to Consob the Offer Document (the “Offer Document“) for publication, and reference should be made to this document for further details of the Offer. Below are the essential elements of the Offer and the purposes that it aims to achieve.
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Milan, 2 March 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 23 and 27 February 2026 it bought back, on the Euronext Milan market, n. 515,000 shares at an average unitary price of € 0.7207, for a total amount of € 371,170.00. As of today, CIR S.p.A. is holding a total of 55,805,488 treasury shares, equal to 6.09% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 23 February 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 16 and 20 February 2026 it bought back, on the Euronext Milan market, n. 440,000 shares at an average unitary price of € 0.7258, for a total amount of € 319,366.50. As of today, CIR S.p.A. is holding a total of 55,290,488 treasury shares, equal to 6.04% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 16 February 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 9 and 13 February 2026 it bought back, on the Euronext Milan market, n. 360,112 shares at an average unitary price of € 0.7018, for a total amount of € 252,733.29. As of today, CIR S.p.A. is holding a total of 54,850,488 treasury shares, equal to 5.99% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 9 February 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 2 and 6 February 2026 it bought back, on the Euronext Milan market, n. 310,000 shares at an average unitary price of € 0.6937, for a total amount of € 215,061.50. As of today, CIR S.p.A. is holding a total of 54,490,376 treasury shares, equal to 5.95% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 2 February 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 26 and 30 January 2026 it bought back, on the Euronext Milan market, n. 393,547 shares at an average unitary price of € 0.6978, for a total amount of € 274,631.53. As of today, CIR S.p.A. is holding a total of 54,357,896 treasury shares, equal to 5.93% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 29 January 2026 – CIR S.p.A. (“CIR”) announces that today it has completed the acquisition of the 40.23% stake in the share capital of KOS S.p.A. held by F2i Healthcare S.p.A., pursuant to the binding agreement signed on 19 November 2025. The acquisition was carried out by CIR Investimenti S.p.A, a company wholly owned by CIR S.p.A..
Completion of the transaction followed the receipt of the required regulatory approvals, including those under Italian Golden Power and Italian antitrust regulations, as well as German antitrust rules, and the satisfaction of all the conditions precedent.
The purchase price for the shares amounts to €220.0 million. In accordance with the terms of the agreement, prior to closing KOS distributed an extraordinary reserve totaling €24.86 million.
The earn-out mechanisms and the anti-embarrassment clause remain applicable, in accordance with the terms already disclosed on 19 November 2025.
The transaction was financed by CIR using part of its available liquidity.
Following completion of the transaction, CIR holds, directly or indirectly, 100% of the share capital of KOS S.p.A.
Milan, 26 January 2026 – Following the resolution of the Board of Directors on 28 April 2025 on the continuation of the share buyback plan launched on 17 March 2025, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 28 April 2025, CIR S.p.A. announces that between 19 and 23 January 2026 it bought back, on the Euronext Milan market, n. 362,222 shares at an average unitary price of € 0.6921, for a total amount of € 250,708.57. As of today, CIR S.p.A. is holding a total of 53,964,349 treasury shares, equal to 5.89% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
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