Milan, 23 January 2024 – CIR S.p.A. – Compagnie Industriali Riunite (“CIR”) announces that, as its average market capitalization was below the threshold of 500 million euros during 2023, as of 1 January 2024 it will qualify as a Small and Medium Enterprise (“SME”) pursuant to Article 1, paragraph 1, letter w-quater.1 of Legislative Decree No. 58 of February 24, 1998 (“TUF”) and Article 2-ter, paragraph 2, of the regulations adopted by Consob Resolution No. 11971 of May 14, 1999 (“Issuers’ Regulations”).
As a result, for the purposes of disclosure requirements for significant shareholdings, pursuant to Article 120, paragraph 2, of the TUF, the relevant threshold of 5 percent of capital applies (to be understood as referring to the total number of voting rights in view of the voting surcharge provided for in CIR’s bylaws).
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