Pirelli definition
Pirelli means Pirelli Tyre S.p.A., or its Affiliate/s better identified under the Order or Contract;
Pirelli means Pirelli & C. S.p.A., or its Affiliate/s which entered into the contractual relationships with the Supplier under the Order/s or the Contract/s;
Pirelli. Pirelli S.p.A. as referred to in the heading of the present Contract.
Examples of Pirelli in a sentence
In particular, the approval and/or amendment of the budget and/or the business plan of Pirelli and its group will always remain within the competences of the Board of Directors.
The Renewal Shareholders Agreement provides that the Management will benefit of the value creation at the level of Pirelli, through challenging incentive mechanisms (also including a stock option plan with cash settlement option for Pirelli) to be developed on the basis of a long term incentive plan according to the best international market practice.
CNRC and MTP agreed and acknowledged that Pirelli constituted internal committees and procedures in line with the best practice of international and Italian listed companies, with a significant role attributed to the independent directors.
Pursuant to the Renewal Shareholders Agreement, CNRC and MTP agreed that the Pirelli Chairman shall have the power to legally represent the Company, as well as all the other powers granted to the Chairman according to the current by-laws of Pirelli, without prejudice to the powers and prerogatives of the Board of Directors.
The resolutions upon the matters referred to points (i) and (ii) above (the “Significant Matters”) will be reserved to the Pirelli Board of Directors and/or shareholders’ meeting of Pirelli, as the case may be.
More Definitions of Pirelli
Pirelli or the “Company”) as well as the possible de-listing of Pirelli through the launch of a mandatory takeover bid upon its shares (the “Takeover Bid”); the purpose of this transaction was to set up a long-term industrial partnership relating to Pirelli amongst CNRC, CF and LTI, with the aim to strengthen the relevant development plans, to oversee the strategic geographic areas and to achieve the integration of the tyre business into the industrial segment of CNRC and of Pirelli, preserving the continuity and independence of the management structure of Pirelli group, the above also in view of the possible re- listing of Pirelli. Pursuant to the Co-investment Agreement, on August 11, 2015 the parties of such agreement entered into an agreement governing, inter alia, the governance of the Italian companies controlled indirectly by CNRC that had launched the Takeover Bid and the governance of Pirelli (the “First Shareholders Agreement”); such agreement confirmed, amongst the main goals of the transaction, the value creation of Pirelli and its group in view of its possible re-listing during a four-year period. Upon completion of the Takeover Bid and of the corporate aggregation and reorganization transactions, the share capital of Pirelli was fully owned by ▇▇▇▇▇ ▇▇▇▇ International Italy S.p.A. (“▇▇▇▇▇ ▇▇▇▇”), the share capital of which was owned by: 1 The excerpt of the Renewal Shareholders Agreement, containing the essential information of such agreement pursuant to Article 130 of the Issuers’ Regulation No. 11971/1999, is available on Pirelli’s website ▇▇▇.▇▇▇▇▇▇▇.▇▇▇. 2 Company was merged by incorporation into CF effective as of June 12, 2017. - CNRC, through (i) CNRC International (HK) Limited (“SPV HK1”); (ii) CNRC International Holding (HK) Limited (“SPV HK2”) – company owned for 75% by SPV HK1 and for 25% by Silk Road Fund Co., Ltd (“SRF”); and (iii) Fourteen Sundew S.à ▇.▇ (“SPV Lux”), with a shareholding representing 65% of the share capital of ▇▇▇▇▇ ▇▇▇▇; - CF, with a shareholding representing 22.4% of the share capital of ▇▇▇▇▇ ▇▇▇▇; and - LTI, with a shareholding representing 12.6% of the share capital of ▇▇▇▇▇ ▇▇▇▇.
Pirelli means Pirelli Cavi S.p.A., a corporation organized under the laws of Italy.
Pirelli means Pirelli S.p.A., a company incorporated in Italy.
Pirelli or the “Issuer”). Such acquisition (the “Acquisition”) has been announced to the market on March 22, 2015, pursuant to art. 114 TUF. More specifically, SRF will participate in the Acquisition through a 25% indirect equity investment in CNRC International Holding (HK) Limited (“SPV HK”), a special purpose vehicle controlled by CNRC and set up for the purposes of the Acquisition. SPV HK – through its 100% direct interest in Fourtneen Sunden S.à ▇.▇. (“SPV Lux”) and its indirect 100% interest in the SPV Lux’s subsidiaries in CNRC International Italy S.p.A. (“Newco”) and CNRC International Holding Italy S.p.A. (“Holdco”) – indirectly controls the entire share capital of CNRC ▇▇▇▇▇ ▇▇▇▇ Holding S.p.A. (“Bidco”), which will realize the Acquisition. SPV HK is controlled by CNRC International Limited, which is 100% controlled by CNRC; the latter, in turn, is subject to CC’s control. SRF will invest in SPV HK through a special investment vehicle named PEHP INC.. As a consequence of SRF’s investment, 75% of the SPV HK’s shares are indirectly owned by CNRC, while 25% are indirectly owned by SRF. The Agreement grants to SRF certain rights and prerogatives in respect of the corporate governance of SPV HK, SPV Lux, Newco, Holdco, Bidco and Pirelli, and sets out certain restrictions to the transferability of SPV HK’s share capital. Such provisions are relevant for the purposes of art. 122, paragraphs 1 and 5, TUF, as described below. CNRC International Holding (HK) Limited, a company incorporated under the laws of Hong Kong with registered office in RMS 05-15, 13A/F South Tower World Finance CTR Harbour City, ▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇, ▇▇▇▇ ▇▇▇▇, enrolled with the Registrar of Companies of Hong Kong, No. 2228664. Fourteen Sunden S.à ▇.▇., a company incorporated under the laws of the Grand Duchy of Luxembourg, with registered office in Luxembourg, rue ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ n. 5, L-1882, enrolled with the Register of Commerce and Companies of Luxembourg under No. B195473. CNRC International Italy S.p.A., a company incorporated under the laws of the Republic of Italy, with registered office in Milano, ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ n. 15, enrolled in the Companies’ Register of Milan, tax code and VAT No. 09052130961. CNRC International Holding Italy S.p.A., a company incorporated under the laws of the Republic of Italy, with registered office in Milano, via ▇▇▇▇▇ ▇▇ ▇▇▇▇▇ n. 15, enrolled in the Companies’ Register of Milan, tax code and VAT No. 09057800964.
Pirelli or the “Company”) as well as the possible de-listing of Pirelli through the launch of a mandatory takeover bid upon its shares (the “Takeover Bid”); the purpose of this transaction was to set up a long-term industrial partnership relating to Pirelli amongst CNRC, CF and LTI, with the aim to strengthen the relevant development plans, to oversee the strategic geographic areas and to achieve the integration of the tyre business into the industrial segment of CNRC and of Pirelli, preserving the continuity and independence of the management structure of Pirelli group, the above also in view of the possible re- listing of Pirelli. Pursuant to the Co-investment Agreement, on August 11, 2015 the parties of such agreement entered into an agreement governing, inter alia, the governance of the Italian companies controlled indirectly by CNRC that had launched the Takeover Bid and the governance of Pirelli (the “First Shareholders Agreement”); such agreement confirmed, amongst the main goals of the transaction, the value creation of Pirelli and its group in view of its possible re-listing during a four-year period.
Pirelli s Territory” shall mean worldwide except Japan.
Pirelli or the “Issuer”) according to the voting instructions received from CNRC, in relation to the number of Pirelli’s shares derived from the SPV Lux Assignment, as defined below, which is equal to at least 5% of the share capital of Pirelli (the “SRF Retention Shares”). Pursuant to the investment agreement entered into on June 5, 2015 (the “Investment Agreement”) SRF participated to the acquisition of control of Pirelli and holds a participation equal to 25% of the share capital of CNRC International Holding (HK) Limited (“SPV HK”), a special purpose vehicle indirectly controlled by CNRC. SPV HK – through its 100% direct interest in Fourteen Sundew S.à ▇.▇. (“SPV Lux”) and its indirect 65% interest in the SPV Lux’s subsidiary ▇▇▇▇▇ ▇▇▇▇ International Italy S.p.A. (“▇▇▇▇▇ ▇▇▇▇”) – as of today owns no. 600.000.000 ordinary shares of Pirelli representing 60% of the voting share capital of Pirelli. SPV HK is controlled by CNRC International Limited, which is 100% controlled by CNRC; the latter, in turn, is subject to CC’s control. SRF invested in SPV HK through a special investment vehicle named PEHP INC. On July 28, 2017, in the context of Pirelli’s relisting (IPO), CNRC, CC and SRF entered into a Supplemental Agreement to the Investment Agreement of June 5, 2015 pursuant to which, as soon as possible upon completion of the ▇▇▇▇▇ ▇▇▇▇ demerger planned after ▇▇▇▇▇▇▇’s relisting, SPV Lux will assign to CNRC and SRF or companies controlled by them (subject to the dissolution or demerger of SPV HK), a mix of Pirelli’s shares and TP Industrial Holding S.p.A. shares and cash to be calculated on the basis of a waterfall mechanism according to which CNRC’s direct or indirect shareholding in the Issuer shall not be less than 36.5% of the share capital (the “SPV Lux Assignment”). ▇▇▇▇▇▇▇ & C. S.p.A., with registered office in ▇▇▇▇▇, ▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇ Alberto Pirelli, enrolled in the Companies’ Register of Milan under No. 00860340157. − Silk Road Fund Co., Ltd., a limited liability company organized under the laws of the People’s Republic of China, having registered office in Beijing (PRC), at F210-F211, ▇▇▇▇▇▇▇ International Finance Center Tower B, ▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, registered with the State Administration for Industry & Commerce of P.R. China, under the unified social credit code 91100000717845609W; − China National Tire & Rubber Corporation, Ltd., a limited liability company organized under the laws of the People’s Republic of China, having registered ...