Change in Share Capital



On November 9, 2007, a share capital reduction of approximately Euros 1,235 million, by reducing the par value per ordinary and savings share from Euros 0.52 to Euros 0.29, was submitted by the board of directors of Pirelli & C. S.p.A. for approval by the ordinary and savings shareholders' meetings. The reduction was made to allow the Company to reimburse the shareholders a part of the financial resources obtained from the sale of the investment in Olimpia S.p.A., by distributing extraordinary dividends of Euros 0.154 per share (for a total of approximately Euros 826 million), as well as optimize the equity structure of the company, by appropriating about Euros 409 million to reserves. The shareholders' meeting approved the transaction in December 2007.


2007 Pirelli & C. S.p.A. Share Capital Decrease

     
10 November 2007   Convening of Ordinary and Extraordinary Shareholders Meeting 11-12 December 2007 (Italian version, 34Kb)
22 December 2007   Financial Notice of Withdrawal right (Italian version, 29Kb)
28 marzo 2008   Financial Notice of Pirelli & C. Share Decrease (Italian version, 40Kb)


Last Revised: 23 Jul 2014