Voluntary partial public tender offer for CIR’s own shares

On May 10, 2021, the Board of Directors of CIR decided unanimously to promote a voluntary partial public tender offer for a maximum of 156,862,745 own shares, without an indication of nominal value, equal to 12.282% of the share capital of CIR. The offer has a price of € 0.51 for each share; the total consideration for the 156,862,745 shares of the offer is € 80,000,000.

The offer is being launched exclusively for the Italian market, the only market on which the shares are listed, is aimed without distinction at all holders of CIR shares and does not apply to the 26,708,861 own shares currently held by the Issuer, corresponding to 2.091% of its share capital.

The period of acceptance of the tender offer, agreed upon with Borsa Italiana, runs from 8:30 a.m. on June 21, 2021 to 5:30 p.m. on July 29, 2021, inclusive.