Milan, 2 August 2011 – CIR SpA announces its intention to launch the buyback of own shares, in accordance with and implementation of the Shareholders’ Meeting approval of 29 April 2011.
As already disclosed to the market, the Shareholders’ Meeting approval regards the option to buy back, full or partial, of a maximum 30,000,000 ordinary shares (in addition to own shares already held) over a period of 18 months and with a maximum outlay of euro 50 million. The justification for the approval is indicated in the Shareholders’ Meeting resolution.
In the event of buybacks, CIR will inform the market on a weekly disclosure basis of any transactions completed. The appointed intermediary for the buyback of shares is Banca Intermobiliare di Investimenti e Gestioni SpA. As at today’s date CIR SpA holds 43,074,000 own shares, i.e. 5.43% of the share capital.
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The documentation and information contained in this area of the website are accessible only to persons who are not currently domiciled or located in the United States of America, Australia, Canada, Japan, or in any other jurisdiction other than Italy in which it is required an authorization by the competent regulatory authorities or other fulfillments (such Countries, included the United States of America, Australia, Canada, Japan, jointly the “Other Countries”).
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The documentation and information contained in this area of the website are not, and must not be sent by, or transmitted to or distributed to, directly or indirectly, persons resident or physically present in the United States of America, Australia, Canada, Japan, and do not constitute and cannot be interpreted as an offer to purchase or a solicitation of an offer to sell financial instruments addressed to U.S. Persons - as defined under the U.S. Securities Act of 1933, as amended, or to persons resident in Other Countries. The shares of COFIDE – Gruppo De Benedetti S.p.A. – which will change its company name to “CIR S.p.A. – Compagnie Industriali Riunite” on the effective date of the merger by incorporation with CIR S.p.A. – Compagnie Industriali Riunite - referred to in this area of the website have not been and will not be registered under the U.S. Securities Act of 1933, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration thereunder.
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