Carel Industries

Governance Information • Jun 30, 2021

Informazione Regolamentata n. 2092-58-2021		Data/Ora Ricezione 30 Giugno 2021 09:30:01	MTA - Star
Societa'	:	CAREL INDUSTRIES
Identificativo Informazione Regolamentata	:	149366
Nome utilizzatore	:	CARELINDUSN03 - Grosso
Tipologia	:	REGEM
Data/Ora Ricezione	:	30 Giugno 2021 09:30:01
Data/Ora Inizio Diffusione presunta	:	30 Giugno 2021 09:30:02
Oggetto	:	renewal	CAREL - Shareholders' agreement tacit
Testo del comunicato

Vedi allegato.

Press Release

Carel Industries S.p.A Shareholders' agreement renewal

Brugine, 30 June 2021 - Carel Industries S.p.A. ("Carel" or the "Company") announces that the shareholders' agreement (the "Agreement") made on 10 June 2018 between Luigi Rossi Luciani Sapa and Luigi Nalini S.a.p.a, having as object no. 56,167,440 ordinary shares of the Company, corresponding to a total of 112,334,880 voting rights equal to 69.96% of the total voting rights that make up the share capital of Carel and whose elements are relevant pursuant to article 122, paragraph 1 of Legislative Decree no. 58 of 24, February 1998 as subsequently amended and supplemented, has been tacitly renewed for a further period of three years, and therefore until 10 June 2024 .

The related extract was published in accordance with the law and regulations in the national newspaper "Il Sole 24 ore" in the edition of 30 June 2021, on the Company's website www.cg.carel.com/en/shareholders-agreements, as well as on the authorized storage mechanism "eMarket Storage" ().

For more information

INVESTOR RELATIONS MEDIA RELATIONS

Giampiero Grosso - Investor Relations Manager Barabino & Partners giampiero.grosso@carel.com Fabrizio Grassi +39 049 9731961 f.grassi@barabino.it

+39 392 73 92 125 Marco Trevisan m.trevisan@barabino.it +39 02 72 02 35 35

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CAREL

The Carel Group is one of the leaders in the design, manufacturing and global marketing of technologically advanced components and solutions for achieving high energy efficiency in the control and regulation of equipment and systems in the air-conditioning ("HVAC") and refrigeration markets. Carel is focused on specific vertical market niches characterised by extremely specific needs, to be met through dedicated solutions developed in-depth to meet these needs, as opposed to mass markets.

The Group designs, manufactures and markets hardware, software and algorithmic solutions aimed both at increasing the performance of the units and systems for which they are intended and saving energy, with a globally recognised brand name in the HVAC and refrigeration markets (collectively, "HVAC/R") in which it operates and, in the opinion of the Company's management, a distinctive positioning in the reference niches in these markets.

HVAC is the Group's largest market, accounting for 66% of the Group's revenue for the year ended 31 December 2020, while the refrigeration market accounted for 33% of the Group's revenue.

The Group commits significant resources to research and development ("Research and Development"), an area that is strategically important to hold its leadership position in the HVAC/R market niches, with a particular focus on energy efficiency, reducing environmental impact, trends related to the use of natural refrigerant gases, automation and remote connectivity (Internet of Things), and the development of data-driven solutions and services.

The Group operates through 27 subsidiaries and 9 manufacturing plants located in various countries. As at 31 December 2020, approximately 80% of the Group's revenues were generated outside Italy and 30% outside the EMEA (Europe, Middle East, Africa) area. Original Equipment Manufacturers or OEMs, suppliers of complete units for applications in the HVAC/R markets, constitute the Company's main customer category, on which the Group is focused to build long-term relationships.