Milan, 9 January 2025 – CIR S.p.A. announces that the amended Bylaws, which incorporate the change in share capital following the cancellation of treasury shares, are available on the authorised storage mechanism eMarket STORAGE (www.emarketstorage.com), at the Company’s registered office and on its website (www.cirgroup.it), in section Governance/ Governance System.
CIR
269 Risultati trovatiUpdate of the key information contained in the FDB shareholders’ agreement
Milan, 3 January 2025 – 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 3 January 2025 for the purpose of taking into account changes concerning the financial instruments of 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/.
Press Release pursuant to Article 41, paragraph 6 of the Issuers’ Regulation – Definitive results of the voluntary partial public tender offer
Subscriptions equal to 164,500,395 shares, allocation equal to 79.725%
Milan, December 18, 2024 – With reference to the voluntary partial public tender offer launched by CIR S.p.A. – Compagnie Industriali Riunite (“CIR” or the “Offeror” or the “Issuer”) pursuant to Articles 102 et seq. of Legislative Decree No. 58 of February 24, 1998, as subsequently amended and supplemented (“TUF”) and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”), concerning a maximum of 131,147,541 shares with no nominal value of CIR S.p.A., as disclosed in the press release issued on October 11, 2024 by CIR in its capacity as the offeror (the “Offer“), the Offeror announces the definitive results.
The terms used with an initial capital letter in this press release, unless otherwise defined, have the same meanings assigned to them in the offer document approved by Consob, pursuant to Article 102, paragraph 4, of the TUF with resolution no. 23321 of November 20, 2024 (the “Offer Document”).
Definitive results of the Offer
According to the definitive results of the Offer communicated by Spafid – Società per Amministrazioni Fiduciarie “SPAFID” S.p.A., as the Intermediary Appointed to Coordinate the Collection of the Tenders, the number of shares tendered in the Offer during the Offer Period is 164,500,395 shares, equal to 125.43% of the shares subject to the Offer and 15.71% of the Issuer’s share capital.
Since, based on the definitive results of the Offer, the number of shares tendered in the Offer exceeds the number of shares subject to the Offer, the shares tendered will be allocated using the “pro-rata” method, according to which the Offeror will purchase the same proportion (equal to the Allocation Coefficient) of such shares from each shareholder who tendered their shares to the Offer.
The definitive Allocation Coefficient is 79.725%and, on application of the said coefficient and of related rounding, on the Payment Date the Offeror will purchase 131,147,366 Shares, corresponding to 12.524% of the share capital, for a total amount of Euro 79,999,893.26.
Based on the definitive results of the Offer and, taking into account no. 32,022,506 own shares held by CIR as of the date hereof, as of the Payment Date the Issuer will own 163,169,872 shares, equal to 15.581% of its own share capital.
It is noted that, during the period from the date of the Offer Document to the present, the Offeror has not made, either directly or indirectly, any purchases of CIR shares outside the Offer.
Fulfillment of the Conditions for the Offer to be Effective
In compliance with the provisions of the Offer Document, the effectiveness of the Offer is not conditioned upon reaching a minimum number of tendering.
It is noted that on December 16, 2024, the Offeror announced that the Conditions for the Offer to be Effective have been fulfilled.
Therefore, the Offer is effective.
Payment of the Consideration
The Price, equal to Euro 0.61 per each Share tendered in acceptance of the Offer and actually collected at the end of the latter shall be paid to the Tenders on December 20, 2024, i.e., the fifth Stock Exchange Trading Day after the date of the end of the Acceptance Period, in return for the transfer of ownership of the Shares tendered in favor of the Offeror.
The payment of the Price for the Shares tendered and actually collected at the end of the Acceptance Period shall be made in cash.
The Offer Price will be paid by the Offeror, through the Intermediary Appointed to Coordinate the Collection of the Tenders, to the Appointed Intermediaries, who will transfer the funds to the Depositary Intermediaries so that they can transfer them to the Tenderers according to the instructions provided by the same Tenderers (or by their agents) on acceptance of the Offer and the procedures specified therein.
The Offeror’s obligation to pay the Price due for the Shares tendered under the Offer will be considered as fulfilled when the relative funds are credited to the Appointed Intermediaries. Therefore, the risk that the Appointed Intermediaries or the Depositary Intermediaries fail to transfer or delay payment of the funds is borne exclusively by the Tenderers.
On the Payment Date the Intermediary Appointed to Coordinate the Collection of the Tenders will transfer the total of the Shares tendered in acceptance of the Offer to a securities account in the name of the Offeror.
As from the Payment Date the Tenderers under the Offer will no longer be able to exercise patrimonial rights (such as, for example, option rights and dividend rights) or administrative rights (such as voting rights) on the Shares tendered.
For further information, please refer to the Offer Document and the Tender Form, available on the corporate website of the Company at the address www.cirgroup.com in Section “Governance/voluntary partial public tender offer for CIR’s own shares”.
Press Release pursuant to Article 36 of the Issuers’ Regulation – Fulfillment of the Effectiveness of the Conditions of the Offer
Milan, December 16, 2024 – With reference to the voluntary partial public offer for the purchase promoted by CIR S.p.A. – Compagnie Industriali Riunite (“CIR” or the “Offeror” or the “Issuer”) pursuant to Articles 102 et seq. of Legislative Decree No. 58 of February 24, 1998, as subsequently amended and supplemented (“TUF”), and Article 37 of the Regulation adopted by Consob with resolution no. 11971 of May 14, 1999, as subsequently amended and supplemented (the “Issuers’ Regulation”), concerning a maximum of 131,147,541 no-par value shares of CIR S.p.A., as per the press release published on October 11, 2024, by CIR in its capacity as the Offeror (the “Offer”), the Offeror announces that, as of today, the Conditions for the Offer to be Effective, referred to in Section A, Paragraph A.1 of the offer document approved by Consob with resolution no. 23321 of November 20, 2024 (the “Offer Document”) have been fulfilled.
In light of the above, the Offer shall be deemed fully effective.
Please note that the Press Release on the Definitive Results will be published within 7:29 AM on December 19, 2024.
For further information regarding the Offer, reference is made to the Offer Document, which contains a detailed description of the terms and conditions of the Offer, available to the public along with the subscription form for consultation at the registered office of CIR in Milan, Via Ciovassino, no. 1, as well as at the Intermediary Appointed to Coordinate the Collection of the Tenders, Società per Amministrazioni Fiduciarie “SPAFID” S.p.A., and at the offices of the Appointed Intermediaries, BNP Paribas, Italy Branch, and EQUITA SIM S.p.A., Milan, as well as on the Issuer’s website at www.cirgroup.it in the “Governance/Voluntary Partial Public Tender Offer” section.
Press Release pursuant to Article 36 of the Issuers’ Regulation – Preliminary results of the voluntary partial public tender offer
Subscriptions equal to 164,431,035 shares, allocation approximately 79.76%
Based on the preliminary data available at the close of the offer period, the voluntary partial public tender offer (OPA) launched by CIR for 131,147,541 own shares of the Company has collected subscriptions for a total of 164,431,035 shares. Given that the maximum number of shares set by the offer has been exceeded, the allocation will proceed with a temporarily calculated coefficient of 79.76%.
In light of the preliminary data, CIR will hold own shares equal to approximately 15.58% of the share capital.
Milan, December 13, 2024 – With reference to the voluntary partial public tender offer launched by CIR S.p.A. – Compagnie Industriali Riunite (“CIR” or the “Offeror” or the “Issuer“) pursuant to Articles 102 et seq. of Legislative Decree No. 58 of February 24, 1998, as subsequently amended and supplemented (“TUF“) and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”), concerning a maximum of 131,147,541 shares with no nominal value of CIR S.p.A., as disclosed in the press release issued on October 11, 2024 by CIR in its capacity as the offeror (the “Offer“), the Offeror announces that today the offer period (the “Offer Period”) has ended.
The terms used with an initial capital letter in this press release, unless otherwise defined, have the meanings assigned to them in the offer document approved by Consob, pursuant to Article 102, paragraph 4, of the TUF with resolution No. 23321 of November 20, 2024 (the “Offer Document”).
The Offer was promoted for a maximum of 131,147,541 CIR shares (the “Shares”) listed on the Telematic Stock Market (identification codes: ISIN IT0000070786, XXITV0000172, XXITV0000180, and ISIN IT0005241762). The consideration for each share tendered in the Offer and purchased is €0.61.
According to the provisional results of the Offer communicated by Spafid – Società per Amministrazioni Fiduciarie “SPAFID” S.p.A., as the Intermediary in charge of Coordinating Subscription Collection, the number of shares tendered in the Offer during the Offer Period is 164,431,035 shares, equal to approximately 125.38% of the shares subject to the Offer and approximately 15.70% of the Issuer’s share capital.
Since, based on the provisional results of the Offer, the number of shares tendered in the Offer exceeds the number of shares subject to the Offer, the shares tendered will be allocated using the “pro-rata” method, according to which the Offeror will purchase the same proportion (equal to the Allocation Coefficient) of such shares from each shareholder who tendered their shares to the Offer.
Based on the provisional results of the Offer, the provisional Allocation Coefficient is 79.76%.
For the Offer to be effective the following conditions must be met:
(A) that by the close of the Stock Exchange Trading Day after the end of the Acceptance Period none of the following has occurred (i) exceptional events or situations at national and/or international level involving serious changes to the political, financial, economic, foreign exchange or market situation that had not already taken place as of the Date of the Offer Document and which have substantially prejudicial effects on the Offer, on the conditions of the businesses and/or on the patrimonial, economic and/or financial conditions of CIR and/or of the companies belonging to the CIR Group, or (ii) actions, facts, circumstances, events or situations that had not taken place as of the date of publication of the Offer Document and such as to cause significant prejudice to the Offer, the conditions of the businesses and/or the patrimonial, economic or financial conditions of CIR and/or the CIR Group as stated in the Interim Financial Report as of June 30 2024, published on August 2 2024 (the “MAC Condition”); and/or
(B) that by the close of the Stock Exchange Trading Day after the end of the Acceptance Period, no legislative or administrative acts or measures (including mandatory tender offers as per Art. 106 et seq. of the TUF) or judicial measures have been adopted and/or published by the competent institutions, entities or authorities, such as to preclude, limit or render more onerous, in full or in part, or even temporarily, the possibility for CIR and/or the CIR Group to complete the Offer;
((A) and (B), together, the “Conditions for the Offer to be Effective“).
The fulfillment or non-fulfillment of the Conditions for the Offer to be Effective or the possible decision to waive them will be disclosed in the press release that the Offeror will issue by 7:29 AM on December 17, 2024, while the final results of the Offer and the definitive Allocation Coefficient will be disclosed in the press release the Offeror will issue by 7:29 AM on December 19, 2024, i.e., the Open Market Day before the Payment Date, pursuant to Article 41, paragraph 6, of the Issuers’ Regulation, on CIR’s website (www.cirgroup.it in the dedicated “Governance/Public Tender Offer” section) and by other methods as required by Article 38, paragraph 2, of the Issuers’ Regulation.
It is noted that, during the period from the date of the Offer Document to the present, the Offeror has not made, either directly or indirectly, any purchases of CIR shares outside the Offer.
The consideration due to the holders of shares tendered in the Offer during the Offer Period and purchased, amounting to €0.61 per share, will be paid to the participants on December 20, 2024, corresponding to the fifth Open Market Day following the end of the Offer Period, in exchange for the simultaneous transfer of ownership rights on such shares to the Offeror.
Since, based on the provisional data of the Offer, the Issuer would acquire 131,147,541 shares, and considering the 32,022,506 own shares held by CIR at the Offer Document Date, amounting to 3.058% of CIR’s share capital, as a result of and due to the Offer, the Offeror would hold a total of 163,170,047 own shares, equal to approximately 15.58% of the share capital. The final number of shares purchased may vary following rounding calculations of the shares purchased from each Offer participant, as indicated the Offer Document.
Press release pursuant to article 38, paragraph 2, of the Issuers’ Regulation – Publication of the Offer Document
- Price per share offered: Euro 0,61
- Acceptance Period: from 8.30 a.m. (Italian time) on November 25 2024 to 5.30 p.m. (Italian time) on December 13 2024, inclusive (unless the Acceptance Period is extended)
- Date of payment of the price offered: December 20 2024
Milan, November 22, 2024 – With reference to the voluntary partial public tender offer launched by CIR S.p.A. – Compagnie Industriali Riunite (“CIR” or the “Offeror” or the “Issuer“) pursuant to Articles 102 et seq. of Legislative Decree No. 58 of February 24, 1998, as subsequently amended and supplemented (“TUF“) and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”), concerning a maximum of 131,147,541 shares with no nominal value of CIR S.p.A., as disclosed in the press release issued on October 11, 2024 by CIR in its capacity as the offeror (the “Offer”), it is announced that Consob, with resolution No. 23321 of November 20, 2024, has approved the Offer document filed with Consob on October 29, 2024 and re-filed on November 12, 2024 and November 13, 2024 (the “Offer Document“) pursuant to Article 102, paragraph 4, of the TUF.
It is also informed that the Offer Document, which contains a detailed description of the terms and conditions of the Offer as well as the procedures for participation, is being published today and made available to the public, together with the acceptance form, for consultation at the registered office of CIR in Milan, via Ciovassino, No. 1, as well as at the Intermediary in charge of coordinating the collection of acceptances, Società per Amministrazioni Fiduciarie “SPAFID” S.p.A., in Foro Buonaparte 10, 20121 Milan, and at the offices of the Intermediaries BNP Paribas, Italy Branch, Piazza Lina Bo Bardi 3, 20124 Milan, and EQUITA SIM S.p.A. Via Turati 9, 20121 Milan, as well as on the Issuer’s website at www.cirgroup.it in the “Governance/ Voluntary partial tender offer for CIR’s own shares” section.
It is further noted that, because the Offer is promoted by CIR, and therefore the Offeror and the Issuer are the same, the Issuer’s press release pursuant to Article 103, paragraph 3, of the TUF and Article 39 of the Issuers’ Regulation is not attached to the Offer Document.
The main elements of the Offer, as described in more detail in the Offer Document, are as follows:
Shares eligible for tender.
The maximum number of 131,147,541 shares eligible for tender, which represent, as of the date of the Offer Document, 12.524% of CIR’s share capital. All shares (identification codes: ISIN IT0000070786, XXITV0000172, XXITV0000180, and ISIN IT0005241762), except for 32,022,506 treasury shares held by CIR as of the date of the Offer Document, representing 3.058% of the ordinary share capital, are eligible for tender subject to the Offer and may therefore be tendered.
Consideration
The consideration is €0.61 per share and will be paid to the participants on the fifth trading day following the closing of the acceptance period, i.e., December 20, 2024 (unless extended), upon the simultaneous transfer of full ownership of the shares tendered. In the case of full acceptance of the Offer, the total disbursement will amount to €80,000,000.01 million.
Conditions for the Offer to be effective
For the Offer to be effective the following conditions must be met: (A) that by the close of the Stock Exchange Trading Day after the end of the Acceptance Period none of the following has occurred (i) exceptional events or situations at national and/or international level involving serious changes to the political, financial, economic, foreign exchange or market situation that had not already taken place as of the Date of the Offer Document and which have substantially prejudicial effects on the Offer, on the conditions of the businesses and/or on the patrimonial, economic and/or financial conditions of CIR and/or of the companies belonging to the CIR Group, or (ii) actions, facts, circumstances, events or situations that had not taken place as of the date of publication of the Offer Document and such as to cause significant prejudice to the Offer, the conditions of the businesses and/or the patrimonial, economic or financial conditions of CIR and/or the CIR Group as stated in the Interim Financial Report as of June 30 2024, published on August 2 2024 ( the “MAC Condition”); and/or
(B) that by the close of the Stock Exchange Trading Day after the end of the Acceptance Period, no legislative or administrative acts or measures (including mandatory tender offers as per Art. 106 et seq. of the TUF) or judicial measures have been adopted and/or published by the competent institutions, entities or authorities, such as to preclude, limit or render more onerous, in full or in part, or even temporarily, the possibility for CIR and/or the CIR Group to complete the Offer;
((A) and (B), together, the “Conditions for the Offer to be Effective“).
The MAC Condition also specifically includes any of the events or situations listed in points (i) and (ii) above that could occur as a result of, or in connection with, the Russia-Ukraine political-military crisis, the Arab-Israeli conflict in the Middle East and the Red Sea crisis or other international tensions (including China-USA political-military tensions) which, although they represent events in the public domain as of the Date of the Offer Document, could give rise to adverse effects, in the terms set out above, that are new, unforeseen and unforeseeable.
The Offeror may waive or change all or part of the terms of the Conditions for the Offer to be Effective at any time and at its sole discretion within the limits and according to the procedures set out in Article 43 of the Rules for Issuers.
The Offer is not conditional upon reaching a minimum level of acceptances.
Acceptance Period
Pursuant to Article 40, second paragraph, of the Issuers’ Regulation, the acceptance period for the Offer, agreed upon with Borsa Italiana S.p.A., will begin at 8:30 AM on November 25, 2024, and end at 5:30 PM on December 13, 2024, inclusive, unless extended. Therefore, December 13, 2024 will be the last day to accept the Offer, unless extended.
Pro-Rata Allocation
If, at the end of the Acceptance Period, the total number of shares tendered is higher than the maximum number of the shares eligible for tender (and the Conditions for the Offer to be Effective have been met or waived), the allocation will be made on a “pro-rata” basis, meaning the Offeror will purchase the same proportion (the “Allocation Coefficient“) of shares from all shareholders who tendered shares.
If the shares tendered by a single shareholder are identified by different identification codes, in order to safeguard the positions matured in relation to the possibility of exercising increased voting rights, in the event of a pro-rata Allocation, the Offeror will take shares from each tenderer according to the following order of priority:
- first, shares identified by ISIN code IT0000070786;
- second, shares awaiting registration in CIR’s stable shareholders’ register, identified by code XXITV0000172;
- third, shares registered in CIR’s stable shareholders’ register and awaiting the increased vote, identified by code XXITV0000180;
- fourth, shares with the increased vote, identified by ISIN code IT0005241762.
In any case, should shares be returned due to pro-rata Allocation, the participant will have the right to have returned shares with the same rights and/or faculties (such as, for example, increased voting rights under Article 127-quinquies of the TUF, or the right to obtain the increased vote, or the right to be registered in CIR’s stable shareholders’ register) that would have applied in the case of non-participation in the Offer.
Press release pursuant to article 36 of the Issuers’ Regulation – Approval of the Offer Document
Milan, November 20, 2024 – With reference to the public partial cash tender offer (the “Offer”), promoted by CIR S.p.A. (the “Offeror”) pursuant to articles 102 et seq. of the Legislative Decree no. 58 of February 24, 1998, as subsequently amended and integrated (“TUF”), and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”) on maximum amount of 131,147,541 shares of the Offeror, without nominal value and fully paid up, following the press releases concerning the suspension and the re-opening of Consob’s investigation period, issued, pursuant to art. 38, par. 1, of the Issuers’ Regulation respectively on November, 4 and on November 13 2024 it is announced that Consob, by Resolution n. 23321 of November 20, 2024, has approved, pursuant to article 102 paragraph 4 of the TUF and to article 37-bis of the Issuers’ Regulation, the Offer document (the “Offer Document”).
Acceptance period
The acceptance period, agreed with Borsa Italiana S.p.A., pursuant to Article 40, paragraph 2, of the Issuers’ Regulation, will start at 8:30 AM (Italian time) on November, 25 2024, and close at 5:30 PM (Italian time) on December, 13 2024, (first and last days included), unless otherwise extended.
Therefore, December, 13 2024 will be the closing date of the acceptance period of the Offer, unless extensions in compliance with applicable law, and the payment date of the Shares tendered to the Offer will be on the fifth stock market trading day following the closing of the acceptance period, i.e. December, 20 2024 (the “Payment Date”).
Consideration
The Offeror will pay a consideration equal to Euro 0,61 for each share tendered to the Offer.
The Offer Document will be filed with Consob and will be made available to the public for consultation at the registered office of CIR CIR in Milan, via Ciovassino, n.1 and at the premises of the intermediary appointed to coordinate the collection of acceptances, of the appointed intermediaries and on CIR’s corporate website www.cirgroup.com “Governance/Voluntary partial public tender offer for CIR’s own shares”.
The making available to the public of the Offer Document will be promptly disclosed to the market.
* * *
Pending the publication of the Offer Document, please refer to the notice pursuant to Article 102, paragraph 1, of the TUF, published on October 11, 2024, on CIR’s corporate website (www.cirgroup.com), which contains a detailed description of the essential elements of the Offer.
Results of the option and pre-emption offer of shares subject to withdrawal
Milan, November 13th, 2024 – CIR S.p.A., announces that the period for the option and pre-emption offer, pursuant to article 2437-quater, paragraph 2, of the Italian Civil Code, ended on November 8th , 2024.
The offer, for a total of no. 187,872 CIR shares (Shares), representing 0.018% of the Company’s share capital, was addressed to the shareholders who did not exercise, their withdrawal right resulting from the approval of the proposed enhancement of the Company’s increased voting rights mechanism by the Shareholders’ Meeting (Offer).
Results of the Offer
In the context of the Offer, based on a ratio of no. 1 Share for every 5,400 option right held, option rights were exercised for no. 121,019 Shares, and pre-emption rights were exercised for the purchase of no. 3,350,811 Shares.
Given that the number of Shares for which the pre-emption right was exercised exceeded the number of residual Shares (i.e., the shares in respect of which the option rights have not been exercised), the residual Shares were distributed among all entitled parties in proportion to the number of option rights held by each of them. Accordingly, all no. 187,872 Shares were purchased by virtue of the exercise of option and pre-emption rights for a total of Euro 102,465.39, at a price of Euro 0.5454 per Share.
Fratelli De Benedetti S.p.A. (the majority shareholder) exercised its option and pre-emption rights for the residual Shares to which it was entitled, purchasing a total number of no. 119,870 Shares, for a total countervalue of approximately Euro 65,377.10.
Terms and methods of payment
The price of the Shares will be paid and the Shares purchased will be credited and transferred on November 20 th, 2024 through the Monte Titoli system via the depositary intermediaries, without requiring any action from the shareholders who exercised their withdrawal rights or from the shareholders who exercised their option and pre-emption rights (provided that the latter have first made the funds required to pay for the shares purchased available to their intermediaries).
As a consequence, since there are no unsold Shares, the liquidation procedure foreseen by Italian law will be completed as soon as the price is paid and the Shares are credited and transferred.
Press release pursuant to article 38, paragraph 1, of the Issuers’ Regulation – Re-opening of the review period
Milan, November 13th, 2024 – In relation to the offer document filed with Consob on October 29, 2024, (the “Offer Document”) concerning the public partial cash tender offer (the “Offer”), promoted by CIR S.p.A. (the “Offeror”) pursuant to articles 102 et seq. of the Legislative Decree no. 58 of February 24, 1998, as subsequently amended and integrated (“TUF”), and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”) the Offeror – following the press release of November 4, 2024, concerning the suspension of the review period for the approval of the Offer Document by Consob – informs that, on the date hereof, Consob has ordered, pursuant to article 102, paragraph 4, of TUF, the re-opening of the review period, effective as of November 13th, 2024. The review period will expire on November 21st, 2024.
Press release pursuant to article 38, paragraph 1, of the Issuers’ Regulation – Filing of the offer document – Suspension of the investigation period
Milan, November 4, 2024 – In relation to the offer document filed with Consob on October 29, 2024, (the “Offer Document”) concerning the public partial cash tender offer (the “Offer”), promoted by CIR S.p.A. (the “Offeror”) pursuant to articles 102 et seq. of the Legislative Decree no. 58 of February 24, 1998, as subsequently amended and integrated (“TUF”), and to article 37 of the Consob Regulation no. 11971 of 1999, as subsequently amended and integrated (the “Issuers’ Regulation”) the Offeror announces that on November 4, 2024, Consob requested certain additional information, ordering the suspension of the investigation period for the approval of the Offer Document until such additional information is provided and, in any event, for a period not exceeding 15 days from November 4, 2024.
The reopening of the investigation period will be promptly disclosed to the market pursuant to article 38, paragraph 1, of the Issuers’ Regulation.
