PIRELLI: Shareholders’ Agreements Update
Milan, 7 November 2025 – In compliance with article 128 and the Regolamento Emittenti (Issuers Regulation), approved by Consob with resolution 11971/99 (“RE”), it is announced that the shareholders’ agreement concerning Pirelli, signed on 28 February 2023, will not be renewed.
The agreement was between Camfin S.p.A., Marco Tronchetti Provera & C. (formerly Brembo S.p.A.) (“Brembo”), and Next Investment (“NI”). Along with NFB and Brembo, these form the “B Party,” holding 0.42% of Pirelli’s share capital through NI.
The B Party has notified its intention not to renew the agreement, which will terminate and cease to be effective from 28 February 2026.
Key Information
- The shareholders’ agreement was executed on 28 February 2023.
- The non-renewal notification comes from the B Party.
- Termination date of the agreement: 28 February 2026.
- Essential details pursuant to article 130 RE are attached and available on Pirelli’s website.
“Following notification that B Party expressed its intention not to renew the Shareholders’ Agreement, the agreement shall be deemed terminated and no longer effective as of 28 February 2026.”
The company has shared the updated essential information reflecting the non-renewal pursuant to article 130 of the Issuers Regulation.
Summary: The shareholders’ agreement involving Pirelli’s minor shareholders will expire on 28 February 2026 upon the B Party’s decision not to renew, with updated details published accordingly.
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