CIR: EGM called to approve merger

Milan, June 10 2019 – The Board of Directors of CIR S.p.A. – Compagnie Industriali Riunite (“CIR”), which met today in Milan under the chairmanship of Rodolfo De Benedetti, resolved to convene an Extraordinary General Meeting of the Shareholders for July 19 2019, at a single call, to resolve on the following agenda:

Approval of the planned merger of CIR S.p.A. – Compagnie Industriali Riunite by incorporation into COFIDE – Gruppo De Benedetti S.p.A.. Resolutions pertaining to and resulting from the same.

The Board of Directors has approved the report illustrating the planned merger by incorporation of CIR into COFIDE – Gruppo De Benedetti (the “Merger”), prepared in accordance with the terms of Art. 2501-quinquies of the Civil Code and Art. 70, paragraph 2, of the Rules for Issuers.

Moreover, given that the Merger involves the adoption of a new share-based incentive plan in replacement of the plans adopted by CIR, the Board of Directors of the same Company has approved the proposed amendments and additions to the Regulations of the plans in order to keep their essential content unchanged and to adjust the terms and conditions of the same for the new company resulting from the Merger.

The notice of the Extraordinary General Meeting of the Shareholders, the explanatory reports on the items on the Agenda, and any further documents relating to the said EGM will be made available to the public in compliance with the terms and conditions required by law and by the regulations applicable. 

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