Power Conversion Holding reaches 97.63% stake in Braga Moro after tender offer closes

• Power Conversion Holding’s takeover bid for Braga Moro ended with 980,865 shares tendered, equal to 47.05% of share capital.
• Including 1,054,364 shares bought separately, the bidder would own 2,035,229 shares, or 97.63% of the company, on a provisional basis.
• Cash consideration was set at EUR 6.91 per share, implying EUR 6.78 million for tendered shares; payment is scheduled for July 17.
• No reopening period is expected; the bidder plans to acquire the remaining 49,341 shares, or 2.37%, then proceed to delist.
• Final results are due by July 16.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braga Moro Sistemi di Energia S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20340-22-2026_TELEBORSA.pdf), on July 10, 2026, and is solely responsible for the information contained therein.