With reference the Shareholders’ Meeting of Pirelli & C. SpA called form May 13th, 2013, sole call, to deliberate, among other things, with regard to the “Nomination of three board members and and/or the reduction of the number of Board Members.” (point two of the order of the day ordinary session), it should be noted that today Camfin S.p.A., as a shareholder and member of the Shareholder Agreement of Pirelli & C., announced that it will ask shareholders to confirm Carlo Salvatori as a Board Member (as already proposed by the company’s Board of Directors) and to nominate – in substitution of Mario Greco and Paolo Ferro-Luzzi – Jean Paul Fitoussi (who declared his suitability to qualify as “independent” also in accordance with Borsa Italiana S.p.A’s code of self-regulation) and Luca Rovati.
Their curricula vitae are available on the Company’s website www.pirelli.com in the section dedicated to the Shareholders’ Meeting.
The decision was taken in order to provide better visibility on the medium-long term context of reference
Pirelli announces that the presentation of the 2013-2017 Industrial Plan, initially scheduled for May 8th, 2013, will take place in November of 2013, following the presentation of the results for the nine months ending September 30th, 2013. The decision was taken to provide better visibility on the context of reference and enable the preparation of coherent medium-to-long term forecasts, taking into account that the macro-economic and business context in which Pirelli operates is in significant and continuous evolution, more markedly so in recent times.
In rapidly developing markets and the United States, in particular, Premium demand is growing at a rate around three times faster than that of global demand for car tyres. In Europe, on the other hand, the persisting economic crisis is having a clear impact on consumption and therefore on the demand for tyres, even Premium ones.
In such a context, at the European market level, Pirelli is carrying out a significant review of its commercial structures. This entails, among other things, a growing integration of high-end European production capacity with the markets that present the greatest demand for Premium products.
The 2013 targets, announced to the market on March 11th, 2013, with the presentation of the 2012 results, remain unchanged.
THE INFORMATION DOCUMENT RELATIVE TO PIRELLI’S PARTICIPATION IN THE PRELIOS RELAUNCH OPERATION HAS BEEN DEPOSITED
Pirelli & C. S.p.A. has called its shareholders’ meeting, both ordinary and extraordinary, to take place in Milan, at Viale Sarca 214, at 10.30 am on Monday May 13th, 2013. It is the sole call.
As well as deliberating on the approval of the 2012 results, shareholders will also be called upon to decide on the confirmation of Mr. Carlo Salvatori who, coopted in July 2012, concludes his role as director at the next shareholders’ meeting. Shareholders will also be asked to decide with regard to the substitution of Mr. Mario Greco, who resigned in March 2013, and of Professor Paolo Ferro-Luzzi, who passed away in November 2011. Shareholders will also be asked to consider some proposed changes to company bylaws, relative to the adoption of the discipline regarding the balance between genders within the administrative and controlling bodies of listed companies and some new legal and regulatory dispositions. Shareholders will also decide in regard to the Board’s requested authorization for the buy-back and disposition of up to 10% of company capital for an 18 month period. In conclusion, shareholders will be called upon to express themselves, via consultative vote, on Remuneration Policy.
The Directors’ reports and the proposed deliberations relevant to all the points in the shareholders order of the day, as well as the Annual Financial Report, together with the relative reports from the Internal Auditors and external auditors, the annual Report on company governance and ownership structure and the Sustainability Report are available to the public at the Company’s headquarters in Milan at Viale Piero e Alberto Pirelli 25 and at Borsa Italiana S.p.A. as well as being published online on the Company website at www.pirelli.com in the section dedicated to the Shareholders’ Meeting.
Pirelli & C. announces that today it deposited at the Company’s headquarters in Milan at Viale Piero e Alberto Pirelli 25 and published online at www.pirelli.com, as well as depositing at Borsa Italiana S.p.A., the information document regarding Pirelli’s participation – as announced to the market on March 27th, 2013 – in the operation aimed at the equity reinforcement, financial re-balancing and re-launch of the activities of Prelios S.p.A. though its recapitalization and the reconfiguration of its total financial debt.
The information document was prepared in accordance with the Consob deliberation no. 17221 of March 12th, 2010 as subsequently modified and the procedures for operations with related parties adopted by the Company.