Pirelli Real Estate stock option plan approved
Milan, December 17th, 2001 – The Board of
Directors of Pirelli & C sapa has decided to give 22 employees
of the controlled company Pirelli & C. Real Estate S.p.A. a
call option for a total of n. 6.925 shares of the latter (equal to
2,08% of the share capital), at the price of euro 1.862,07 per
share on the basis of an appositedly prepared appraisal
The option can be exercised between 1/7/2002 and 31/12/2002, and
shares deriving from it can be sold by the holders to Pirelli &
C from 1/1/2004 to 31/12/2004.
Considering also another existing stock option plan, the Pirelli
& C. Real Estate S.p.A. shares under option for employees
amount to approximately 9.8% of the latter’s share capital.
Categories: Institutional Investors