Carel, capital increase subscribed to 99.24% of the total

CAREL Industries completes majority acquisition of Kiona Holding

(Finance) – CAREL Industries announces that the Offer Period to general shareholders ended today 12,499,205 newly issued Carel ordinary sharesresulting from the capital increase approved by the Carel Shareholders’ Meeting, in extraordinary session, on 14 September 2023.

During the offer period under option, which began on November 20, 2023 and ended today, December 4, 2023, were 99,238,448 option rights exercised for the subscription of 12,404,806 New Shares, equal to 99.24% of the total of the New Shares offered, for a total value equal to 198,476,896 euros.

The relevant shareholders Luigi Rossi Luciani Sapa and Athena FH SpA, in execution of the subscription commitments for part of the Capital Increase to which they are entitled undertaken on 8 November 2023, they subscribed 3,124,999 New Shares for a total value of approximately Euro 50 million.

The rest 755,192 unexercised option rights during the Offer Period, which give the right to subscribe to a maximum of no. 94,399 New Shares, equal to 0.76% of the total of the New Shares offered, for a total value equal to 1,510,384 euroswill be offered on the stock exchange by Carel in the sessions of 6 and 7 December 2023 .

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