CIR: loss of “SME” status for exceeding capitalization threshold
Milan, 5 January 2023 – CIR S.p.A. – Compagnie Industriali Riunite (“CIR”) announces that, having exceeded the market capitalization threshold of 500 million euros for three consecutive years, as of 1 January 2023 it no longer qualifies 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 3 percent of capital applies.
In particular, pursuant to Article 117, paragraph
2-bis, of the Issuers’ Regulations, shareholders who, as of the date of
publication of this press release, hold an interest of more than 3% and less
than 5%, must notify Consob and CIR, within the deadline set forth in Article
121, paragraph 3-bis, of the Issuers’ Regulations.
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