Disclosure regarding the buyback of shares

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.

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Calendar of events for 2023

Milan, 30 January 2023 – CIR S.p.A. announces that the Company’s calendar of events for 2023 will be as follows:

Monday13.03.202310,00 amBoard of Directors Meeting (Pro-forma Financial Report for 2022)
Friday28.04.202310,00 amAnnual General Meeting of the Shareholders (Approval of Financial Report for 2022)
Monday31.07.202310,00 amBoard of Directors Meeting (Half-year Financial Report for 2023)

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Disclosure regarding the buyback of shares

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.

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Disclosure regarding the buyback of shares

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.

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Disclosure regarding the buyback of shares

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.

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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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Update of the key information contained in the FDB shareholders’ agreement

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/.

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Disclosure regarding the buyback of shares

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.

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Disclosure regarding the buyback of shares

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.

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CIR: agreement signed for the sale of a real-estate complex to Merope

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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