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Buyback

On April 28 2017 the CIR General Shareholders Meeting renewed its authorization of the Board of Directors to buy back a maximum of 40 million own shares, over a period of 18 months and with a maximum expenditure of up to 40 million.

The reasons for the buyback are reported in the AGM press release.

CIR informs the market on a weekly-disclosure basis of any transactions completed.

As of April 28 2017 CIR held a total of 132,233,615 of its own shares, equal to approximately 16.648% of its share capital.