Financial News

  • Pininfarina Group: Appointments of New Officers and New Assignments in the Sign of Corporate Continuity

  • Turin – August 12, 2008. The Board of Directors of Pininfarina S.p.A. met this morning for the first time since the tragic demise of Andrea Pininfarina, to whom his brother Paolo Pininfarina paid homage with the following opening remarks: “Meeting today for the first time without your leadership, I join my sister, the entire Board of Director and the Board of Statutory Auditors in beginning our meeting by expressing, before your wife, your children and your parents, our heartfelt and full appreciation for those values of integrity, humility and loyalty that you always embraced with great determination and courage, and with the reserved demeanor of a man focused on results. These same value were emphasized by His Eminence the Archbishop Severino Cardinal Poletto in his homily and in the deeply moving address delivered yesterday by your children. The Board of Directors of Pininfarina embraces these values so that Pininfarina may always follow your high example without reservations and to ensure that these values continue to be the principles guiding the Company as it pursues growth and success along the path that your have so clearly defined.”

      …

  • 12 August 2008
  • PRESS RELEASE

  • Turin, August 04, 2008

    Pininfarina announces that the Statutory Auditors Piergiorgio Re and Fabrizio Cavalli resigned, effective August 1, 2008, to comply with the provision of the Consob’s Securities Issuers Regulations that concerns the maximum number of governance and control posts that may be held. As of the same date, they were replace by the Alternate Statutory Auditors Nicola Treves and Pier Vittorio Vietti.

  • 4 August 2008
  • PRESS RELEASE

  • Turin, August 1, 2008

    Pininfarina S.p.A. announces that it signed today a Standstill Agreement with its lender banks. Pursuant to the agreement, the banks will not to demand the repayment of outstanding indebtedness, while Pininfarina S.p.A. will continue to pay the accrued interest on the stipulated due dates.

    The Standstill Agreement was signed in preparation for the agreement to reschedule/refinance Pinifarina’s debt exposure, which is currently being negotiated. It will be in effect until September 30, 2008 or the date when the abovementioned debt restructuring agreement is signed, whichever comes first.
    The Standstill Agreement was signed by all of the lender banks with the exception of Fortis Bank, with whom Pininfarina executed a separate agreement on June 25, 2008.

     …

  • 1 August 2008
  • Pininfarina and Fortis Bank Reach an Agreement

  • Turin, June 26, 2008 – On June 25, 2008 Pininfarina and Fortis Bank reached an agreement settling all existing disputes, which were discussed in detail in a press release issued on April 29, 2008 at the end of the Shareholders’ Meeting. The agreement includes a debt repayment plan, the terms and conditions of which are substantially consistent with those put forth in connection with the broader negotiations currently being carried out with other lender banks for the purpose of rescheduling the Company’s entire debt exposure.
    The agreement just reached with Fortis will enable Pininfarina to complete more quickly the overall debt rescheduling process and carry out the related share capital increase.

  • 26 June 2008
  • PRESS RELEASE

  • Turin, June 5 2008 – With reference to what has been released by Radiocor agency, the Company states that the activities for achieving an agreement with Fortis Bank and all the other financing Institutes are still in progress.

    Pininfarina S.p.A.

  • 5 June 2008
  • Quarterly Report of the Pininfarina GROUP

  • THE DATA, IN LINE WITH THE INDUSTRIAL PLAN, CONFIRM THE TURNAROUND IN THE GROUP’S OPERATING PERFORMANCE: EBITDA IN THE BLACK AND EBIT LOSS HALVED COMPARED WITH THE FIRST QUARTER OF 2007. …

  • 12 May 2008
  • INFORMATION TO THE MARKET

  • PRESENTATION AT PIAZZA AFFARI OF THE INDUSTRIAL AND FINANCIAL PLAN OF THE PININFARINA GROUP

    Turin, Apilr 17 2008 – As announced at the end of the meetings of the Board of Directors of March 10 and 27, comprehensive information about the details of the industrial and financial plan of the Company will be provided to the financial community next April 24 at h. 9.00 at Borsa Italiana (Sala Gialla) in Piazza Affari, Milan.

    The plan, developed with the advisory support of Roland Berger and Rothschild, will be illustrated by Andrea Pininfarina, Chairman and CEO of Pininfarina S.p.A., COO Silvio Angori and Finance Director Gianfranco Albertini.

  • 17 April 2008
  • PRESS RELEASE

  • THE BOARD OF DIRECTORS OF PININFARINA S.p.A. APPROVED THE 2007 DRAFT FINANCIAL STATEMENTS AND AGREED TO CALL AN ORDINARY AND EXTRAORDINARY SHAREHOLDERS’ MEETING TO APPROVE A MOTION TO INCREASE THE COMPANY’S SHARE CAPITAL
     …

  • 27 March 2008
Previous news