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Investor Channel is the communication channel between Pirelli and the financial community. Analysts, shareholders and web users can use the channel for direct dialogue with the Group. The blog is moderated by Pirelli Investor Relations.


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PIRELLI RE'S SUCCESSFUL CAPITAL INCREASE

Pirelli RE approx. 400 million Euros capital increase has succesfully been made: 99.4% being the overall total of new shares underwritten. Pirelli & C. supported it with 58.07% of the new shares. Yet,  the deal was also widely supported (41.3%) by istitutional and retail investors with an overall underwritten amount worth approx. 164.9 million Euros (41,3% of the total). Though this capital increase, Pirelli RE makes its assets structure stronger, with a 0.7 debt – net asset ratio  vs. 2.8 at the end of the first quarter 2009.

Pirelli REThis capital increase shall also guarantee the flexibility needed to achieve the goals of the 2009-2011 Industrial Plan that was introduced on February 11.

The negotiation deadline will be Friday July 17, the last day available for trading the shares not yet underwritten (0.639% of the total).

Categories: Investors Pirelli RE


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