Luxottica Group S.p.A. entered into an agreement to acquire a 90.9% stake in Giorgio Fedon & Figli Spa (BIT:FED) from Cl & Gp S.R.L, Sylt S.R.L, Piergiorgio Fedon, Italo Fedon, Laura Corte Metto, Francesca Fedon, Roberto Fedon, Flora Fedon, Rossella Fedon and others for €29.4 million on April 11, 2022. Under the terms, purchase price agreed and to be paid on the closing date to the Sellers, in proportion to the respective shareholdings, is equal to €17.03 for each share. In the event of completion of the transaction, Luxottica will hold a shareholding equal to 90.9% of the and will be required to launch a mandatory tender offer ("MTO") on all outstanding shares of the Giorgio at the same purchase price as €17.03. MTO is aimed at delisting the Giorgio. Completion of the transaction is subject to the fulfilment of certain conditions precedent, as customary in transactions of this kind, including the obtainment of applicable antitrust clearances, the renewal of the board of directors of the Giorgio Fedon, as well as the management bodies of the companies of the group and the insertion of the voluntary reference to article 111 (Diritto di Acquisto) of Legislative Decree no. 58/1998 ("TUF") in the bylaws of the Giorgio, for the purpose of allowing the right of squeeze-out upon holding a shareholding equal to at least 90% of the share capital. It is expected that the conditions precedent may be fulfilled and the closing may take place by the end of June 2022.

Luxottica Group S.p.A. completed the acquisition of a 90.9% stake in Giorgio Fedon & Figli Spa (BIT:FED) from Cl & Gp S.R.L, Sylt S.R.L, Piergiorgio Fedon, Italo Fedon, Laura Corte Metto, Francesca Fedon, Roberto Fedon, Flora Fedon, Rossella Fedon and others on May 31, 2022.