Pirelli shareholders’ agreement renewed
A three-year extension to the Shareholders’ Agreement covering the governance of Pirelli & C. S.p.A was agreed upon yesterday. This extension will take effect from the publication date of the notice convening the Pirelli shareholders’ meeting for approving the company’s 2019 financial statements.
This new agreement was signed by China National Chemical Corporation Limited, China National Tire & Rubber Corporation, Ltd., Silk Road Fund Co., Ltd., CNRC International (HK) Limited, CNRC International Holding (HK) Limited, Fourteen Sundew S.à r.l., Marco Polo International Italy S.r.l., Camfin S.p.A. and Marco Tronchetti Provera & C. S.p.A. It renews and supersedes the agreement signed by the above parties together with Long-Term Investments Luxembourg S.A. on 28 July 2017.
As of today, Pirelli & C, S.p.A. has a share capital equal to €1,904,374,935.66, fully subscribed and paid up, divided into 1,000,000,000 ordinary shares with no nominal value.
The renewal of the Shareholders Agreement relates to all Pirelli ordinary shares directly or indirectly held by the parties. The following table shows the investments held by the parties as of 1 August 2019: