Landi Renzo issues EUR 2.33 million in subordinated hybrid debt

• Landi Renzo issued EUR 2.33 million of non-convertible, subordinated hybrid financial instruments to Gireimm on October 30, 2026.
• The subscription offsets existing debt owed to Gireimm, generating no new cash proceeds under the September 10, 2026, restructuring agreement.
• The instruments carry no yield; overdue payments accrue annual default interest of 4.5%.
• Repayment is limited to liquidation or discretionary redemption, with redemption conditional on full repayment of financial debt under the restructuring agreement.

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. Landi Renzo S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 159677.pdf), on November 02, 2026, and is solely responsible for the information contained therein.