Milan, 30 January 2023 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 23 and 27 January 2023 it bought back, on the Euronext Milan market, 501,656 shares at an average unitary price of € 0.4347, for a total amount of € 218,082.20.
As of today, CIR S.p.A. is holding a total of 26,353,344 treasury shares, equal to 2.38% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 23 January 2023 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 16 and 20 January 2023 it bought back, on the Euronext Milan market, 626,538 shares at an average unitary price of € 0.4306, for a total amount of € 269,769.20.
As of today, CIR S.p.A. is holding a total of 25,851,688 treasury shares, equal to 2.335% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 16 January 2023 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 9 and 13 January 2023 it bought back, on the Euronext Milan market, 486,850 shares at an average unitary price of € 0.4404, for a total amount of € 214,421.69.
As of today, CIR S.p.A. is holding a total of 25,225,150 treasury shares, equal to 2.28% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 9 January 2023 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 2 and 6 January 2023 it bought back, on the Euronext Milan market, 175,000 shares at an average unitary price of € 0.4475, for a total amount of € 78,316.00.
As of today, CIR S.p.A. is holding a total of 24,738,300 treasury shares, equal to 2.23% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
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.
Milan, 4 January 2023 – Notice is hereby given that the key information document drafted pursuant to Article 130 of Consob Regulation 11971/1999 (“Rules for Issuers”) on the shareholders’ agreement concerning shares in Fratelli De Benedetti S.p.A. (“FDB”) and CIR S.p.A. – Compagnie Industriali Riunite (“CIR”) (the “FDB SHA“) has been updated as of 4 January 2023 for the purpose of taking into account changes concerning the financial instruments of FDB and CIR held directly and indirectly by the parties to the FDB SHA.
The key information document on the provisions contained in the FDB SHA has been published, pursuant to the above-mentioned Art. 130 of the Rules for Issuers, on CIR’s website at www.cirgroup.it/en/shareholders-agreements/.
Milan, 2 January 2023 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 27 and 30 December 2022 it bought back, on the Euronext Milan market, 263,679 shares at an average unitary price of € 0.4433, for a total amount of € 116,900.64. As of today, CIR S.p.A. is holding a total of 24,563,300 treasury shares, equal to 2.22% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 23 December 2022 – Following the resolution of the Board of Directors on 12 September 2022 on the continuation of the share buyback plan launched on 16 March 2022, in accordance with and in execution of the authorization granted by the Shareholders’ Meeting on 12 September 2022, CIR S.p.A. announces that between 19 and 23 December 2022 it bought back, on the Euronext Milan market, 242,882 shares at an average unitary price of € 0.4137, for a total amount of € 100,478.45.
As of today, CIR S.p.A. is holding a total of 24,299,621 treasury shares, equal to 2.19% of its share capital. The subsidiaries of CIR do not own any shares in the Company.
Milan, 22 December 2022 – CIR S.p.A. – Compagnie Industriali Riunite (“CIR” or the “Company”) has signed a binding preliminary agreement with Merope s.r.l., a real-estate investment and development company, for the sale of a non-instrumental real-estate complex situated in Milan in Via Dell’Orso 8 and Via Ciovassino 1/a, for a total amount of € 38.0 million, of which € 5.0 million has been paid today as a deposit, while the remaining part will be paid when the transaction is completed.
The deal will
realize the value of a non-core asset of the Company, which is valued in the
accounts at € 11.0 million.
The property
complex being sold is currently used for residential, commercial and office purposes
and is leased to third parties.
CIR will maintain its ownership of the property
situated in Via Ciovassino 1, the Company’s historic headquarters.
The capital gain,
net of transaction costs and before tax, will be approximately € 26.0 million
and will be recognized on completion of the sale, which is subject to the
fulfilment of certain conditions but is expected to take place by the end of
2023.
CIR was assisted by Dils as advisor, as well as by Legance
as legal advisor and Yard Reaas in the technical due diligence.
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