Transaction Results
During the Reopening of the Terms period concluding on November 9, 2026, 18,203,217 common shares were tendered in acceptance of the offer, representing approximately 6.71% of Iveco Group's common share capital.
The aggregate countervalue for these shares, calculated at the offer price of EUR 14.40 per share (cum dividend), amounts to EUR 262,126,324.80.
Final Shareholding Structure
Combined with shares acquired during the initial acceptance period:
- 238,157,212 shares tendered during Acceptance Period (87.81% of share capital)
- 18,203,217 shares tendered during Reopening of Terms (6.71% of share capital)
- 4,868,597 Treasury Shares (1.80% of share capital)
TML CV Holdings B.V. will hold 256,360,429 common shares, representing 96.25% of Iveco Group's common share capital (net of Treasury Shares).
Payment Details
Payment for shares tendered during the Reopening of Terms is scheduled for November 13, 2026, against simultaneous transfer of share ownership to the offeror.
Dutch Legal Squeeze-Out
With shareholding exceeding 95% of issued and outstanding share capital (excluding Treasury Shares), the offeror will implement a Dutch legal squeeze-out for the remaining 9,986,374 common shares (approximately 3.68% of share capital) not yet held.
The squeeze-out will not be preceded by the implementation of the Demerger and Share Sale previously contemplated. Timing, modalities, and terms will be communicated separately.
Market Implications
Borsa Italiana will order suspension of trading in Iveco Group common shares and/or delisting pursuant to Article 2.5.1 of the Stock Exchange Regulation, considering the time required to complete the squeeze-out process.
Parties Involved
- Offeror: TML CV Holdings B.V. (wholly owned by TML CV Holdings Pte. Ltd.)
- Intermediary: BNP Paribas, Italian Branch, coordinating collection of acceptances
- Global Information Agent: Georgeson S.r.l.