Successful

completion

of

the

accelerated

bookbuilding

offering

launched

by

Brembo

N.V.

in

Pirelli

&

C.

S.p.A.

02 October 2024

Further to the press release published on 01 October 2024, Brembo N.V. (the “Selling Shareholder”), announces the successful completion of the sale of its entire stake of ordinary shares of Pirelli & C. S.p.A. (“Pirelli” or the “Company”) through an accelerated bookbuilding offering (the “Placement”).

The Selling Shareholder announces the placement to institutional investors of 55,800,000 ordinary shares of Pirelli, equal to approximately 5.58% of the Company’s issued share capital as of the date of this press release, at a price of € 5,07 per share. 

Gross proceeds of the Placement amount to approximately € 282,9 million. The settlement of the Placement will take place on October 4th 2024. 

BNP PARIBAS has acted as Sole Global Coordinator and Bookrunner in connection with the Placement. 

Skadden, Arps, Slate, Meagher & Flom (UK) LLP has acted as legal counsel to the Selling Shareholder.

For information:

Luca Di Leo - Chief Communications Officer

E-mail: luca.dileo@brembo.com 

Daniele Zibetti - Corporate Media Relations

E-mail: daniele.zibetti@brembo.com 

Roberto Grazioli - Chief Investor Relations Officer
E-mail: roberto.grazioli@brembo.com

Laura Panseri - Investor Relations Senior Manager
E-mail: laura.panseri@brembo.com