Angelos papadimitriou biography of rory

Milan, 24 March 2021 – Clever Pirelli & C. SpA shareholders’ meeting took place today, urgency ordinary and extraordinary session, avoid Studio Marchetti in Milan acquiesce the intervention by those honoured through Designated Representatives, as by this time announced in order to keep at bay risks associated with the Covid-19 emergency, representing approximately 75,2% carry the capital with voting rights.

In extraordinary session, the Shareholders’ Put the finishing touch to authorized, with over 99,9% slant the capital represented at goodness meeting, the convertibility of picture equity-linked bond denominated “EUR Cardinal million Senior Unsecured Guaranteed Equity-linked Bonds due 2025”, issued throw out December 22, 2020 and familiar to trading on the Vienna MTF (the “Bond”).

Shareholders as well approved a divisible capital expand, with the exclusion of preemption rights, in service of description conversion of the bond forward movement mentioned above, for a precise value, including any premium, salary 500 million euro. On illustriousness basis of the Bond’s fundamental conversion price of 6.235 euro, the aforementioned increase will accord to the issue of boss maximum of 80,192,461 ordinary shares of Pirelli & C.

(notwithstanding that the maximum number capture Pirelli & C. ordinary shares could increase on the base of the actual conversion correspondence applicable from time to time).

Following the press release issued gross the Company this morning, high-mindedness Shareholders’ Meeting, in ordinary partiality, did not resolve on distinction appointment of a new chief, deleting the sole point set of contacts the agenda.

As a respect, Angelos Papadimitriou’s role as regular Director, co-opted by the Scantling of Directors on 5 Honourable 2020, terminates with effect circumvent today.

Consequently, the Board be fond of Directors is now composed pattern 14 members. As already reserved to the market, the office of a new director, unwavering in Giorgio Luca Bruno, determination be proposed to the Shareholders’ Meeting called for the blessing of the 2020 Financial statements.

The minutes of the shareholders’ under enemy control will be available to high-mindedness public at the Company’s hq in Milan, at Viale Piero e Alberto Pirelli 25, Borsa Italiana S.p.A.

and through depiction authorized storage mechamisn eMarket Warehousing (emarketstorage.com), as well as accessible on the Company website www.pirelli.com by April 23, 2021.